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Germany's SMA Solar 9M sales edge up, order backlog jumps

By Reuters News


Overview

  • Germany solar technology firm's 9M sales rose slightly yr/yr to €1.16 bln

  • Net income for 9M 2026 rose to €98.9 mln from a loss a year earlier

  • Order backlog increased to €1.9 bln, reflecting strong demand and new orders


Outlook

  • SMA Solar expects 2026 sales between €1,675 mln and €1,725 mln

  • Company sees 2026 EBITDA between €205 mln and €230 mln

  • Company cites high order backlog and battery storage demand as supporting outlook


Result Drivers

  • HOME & BUSINESS DEMAND - Higher demand and new product offerings, especially a three-phase hybrid inverter, drove significant sales and EBIT growth in the Home & Business Solutions division

  • ORDER BACKLOG - Significant increase in order backlog, mainly in Large Scale & Project Solutions, supported by higher battery inverter orders and international demand

  • ONE-TIME EFFECTS - Utilization of previously written-down inventories and changes to provisions contributed positively to earnings


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Sales

EUR 1.16 bln

9M Net Income

EUR 98.90 mln

9M Order Backlog

EUR 1.9 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the semiconductors peer group is "buy"

  • Wall Street's median 12-month price target for SMA Solar Technology AG is €69.00, about 43% above its November 11 closing price of €48.24

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Nov 10 - Chipmaker Infineon forecasts strong 2027 growth on data-centre demand

  • Nov 9 - Fervo Energy Q3 revenue rises as Cape Station starts operations

  • Nov 9 - Plug Power Q3 revenue slightly beats estimates on margin improvement, lower operating costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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