--- title: "Aebi Schmidt Holding AG | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 455.55 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286403807.md" datetime: "2026-05-14T11:02:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286403807.md) - [en](https://longbridge.com/en/news/286403807.md) - [zh-HK](https://longbridge.com/zh-HK/news/286403807.md) --- # Aebi Schmidt Holding AG | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 455.55 M Revenue: As of FY2026 Q1, the actual value is USD 455.55 M, missing the estimate of USD 456.77 M. #### Order Intake In Q1 2026, Order Intake for Aebi Schmidt Holding AG increased by 9% compared to Q1 2025, driven by solid growth in North America across Airport and Municipal sectors and continued recovery in Walk-in-Vans orders. #### Order Backlog As of March 31, 2026, the Order Backlog expanded to $1.3 billion, representing a 23% increase compared to March 31, 2025, providing visibility for significant growth in 2026. #### Net Sales Net Sales in Q1 2026 were $456 million, which was in line with Q1 2025 figures of $453.785 million. Excluding $26.3 million in Blue Arc sales from Q1 2025, Net Sales for Q1 2026 grew by 7%. Europe and Rest of World (RoW) Net Sales showed substantial organic growth of 16% compared to Q1 2025. #### Adjusted EBITDA Aebi Schmidt Holding AG reported an Adjusted EBITDA of $33.1 million in Q1 2026, a 6% increase from Q1 2025’s $31.245 million. This represents 7.3% of Net Sales, an approximate 40 basis points margin increase from the 6.9% in Q1 2025. The increase was driven by a 201% increase in Europe and RoW, where Adjusted EBITDA tripled to $6.8 million due to improved pricing and volume, as well as strong After Sales. North America’s Adjusted EBITDA decreased by $2.6 million or 9% to $26.4 million, impacted by ramp-up expenses for Walk-in-Vans orders. #### Net Income Net Income for Q1 2026 was $0.7 million, an increase of 7% from $0.6 million in Q1 2025. #### Net Working Capital Net Working Capital improved to $449 million at the end of Q1 2026, a decrease of 1% or $4 million compared to the end of Q1 2025 ($453.034 million), despite an expected ramp-up of Net Sales. As of March 31, 2026, Accounts Receivable were $271.241 million, Inventories were $379.186 million, and Accounts Payable were -$201.927 million. #### Net Debt and Leverage Net Debt stood at $455 million at the end of Q1 2026, an increase of $18 million since the end of 2025 ($437.345 million), primarily due to investments in inventory reflecting normal seasonal dynamics. Leverage at the end of March 2026 was 2.88x. #### Outlook / Guidance Aebi Schmidt Holding AG is on track to achieve its full-year 2026 guidance, expecting sales in the range of $1.95 billion to $2.15 billion and Adjusted EBITDA between $175 million and $195 million, with leverage projected to be less than or equal to 2.0x. The company anticipates revenue conversion, particularly in Walk-in-Vans, to accelerate from Q2 2026, leading to sequential quarterly revenue increases and a significantly stronger second half of the year. Management is actively working towards its leverage target of 2.0x by year-end 2026. ### Related Stocks - [AEBI.US](https://longbridge.com/en/quote/AEBI.US.md) ## Related News & Research - [Top Growth Companies With Strong Insider Ownership In May 2026](https://longbridge.com/en/news/286139978.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md)