--- title: "Aebi Schmidt Holding AG | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 455.55 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286403815.md" datetime: "2026-05-14T11:02:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286403815.md) - [en](https://longbridge.com/en/news/286403815.md) - [zh-HK](https://longbridge.com/zh-HK/news/286403815.md) --- # Aebi Schmidt Holding AG | 10-Q: 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. EPS: As of FY2026 Q1, the actual value is USD 0.01. EBIT: As of FY2026 Q1, the actual value is USD 26.72 M. ### Overall Financial Performance #### Net Income Net income for Aebi Schmidt Holding AG was $671 thousand for the three months ended March 31, 2026, marking a -67% decrease compared to $2,062 thousand for the same period in 2025. The net income margin decreased from 0.8% in Q1 2025 to 0.15% in Q1 2026 . #### Gross Profit Gross profit was $87,389 thousand for the three months ended March 31, 2026, representing a 64% increase from $53,306 thousand for the same period in 2025 . #### Operating Income Operating income increased by 7% to $15,368 thousand for the three months ended March 31, 2026, from $14,394 thousand in the prior year period . #### Operating Expenses - **Research and development expense**: Increased by $2.1 million, or 45%, to $6.7 million for the three months ended March 31, 2026, from $4.6 million in the prior year . - **Selling, general and administrative expense**: Increased by $27.8 million, or 91%, to $58.5 million for the three months ended March 31, 2026, from $30.7 million in the prior year . - **Amortization of purchased intangibles**: Increased by $4.5 million, or 125%, to $8.1 million for the three months ended March 31, 2026, from $3.6 million in the prior year . #### Other Income (Expense) - **Interest expense**: Increased by $4.9 million, or 75%, to $11.4 million for the three months ended March 31, 2026, from $6.5 million in the prior year . - **Other income (expense)**: Other expense decreased by $2.1 million to - $2.9 million for the three months ended March 31, 2026, from - $5.0 million in the prior year . #### Adjusted EBITDA Adjusted EBITDA was $33,117 thousand for the three months ended March 31, 2026, compared to $21,277 thousand for the same period in 2025. The Adjusted EBITDA margin was 7.27% in Q1 2026, down from 8.5% in Q1 2025 . ### Cash Flow #### Operating Activities Net cash used in operating activities decreased by $8.8 million, or 33%, to - $17.7 million for the three months ended March 31, 2026, from - $26.6 million in the prior year period . #### Investing Activities Net cash used in investing activities decreased by $2.0 million, or 66%, to - $1.1 million for the three months ended March 31, 2026, from - $3.1 million in the prior year . #### Financing Activities Net cash provided by financing activities increased by $25.4 million, or 222%, to $36.8 million for the three months ended March 31, 2026, from $11.4 million in the prior year . ### Segmented Financial Metrics #### North America Segment - **Sales**: Increased by $190.0 million, or 129.0%, to $337.3 million for the three months ended March 31, 2026, from $147.3 million in the prior year . - **Adjusted EBITDA**: Increased by $7.3 million, or 38.5%, to $26.4 million for the three months ended March 31, 2026, from $19.0 million in the prior year . - **Depreciation and amortization expense**: $12,215 thousand for the three months ended March 31, 2026, compared to $5,139 thousand for the same period in 2025 . - **Segment assets**: $1,498,765 thousand as of March 31, 2026, compared to $696,745 thousand as of March 31, 2025 . - **Capital expenditures**: $867 thousand for the three months ended March 31, 2026, compared to $2,157 thousand for the same period in 2025 . #### Europe and Rest of the World (ROW) Segment - **Sales**: Increased by $16.3 million, or 16.0%, to $118.2 million for the three months ended March 31, 2026, from $101.9 million in the prior year . - **Adjusted EBITDA**: Increased by $4.5 million, or 201.4%, to $6.8 million for the three months ended March 31, 2026, from $2.2 million in the prior year . - **Depreciation and amortization expense**: $1,588 thousand for the three months ended March 31, 2026, compared to $1,486 thousand for the same period in 2025 . - **Segment assets**: $508,350 thousand as of March 31, 2026, compared to $420,346 thousand as of March 31, 2025 . - **Capital expenditures**: $1,099 thousand for the three months ended March 31, 2026, compared to $963 thousand for the same period in 2025 . ### Other Key Metrics #### Debt As of March 31, 2026, total debt was $628,869 thousand, including various facilities and loans . #### Warranty Liability The balance of warranty liability was $19,734 thousand as of March 31, 2026, compared to $11,205 thousand as of March 31, 2025 . #### Chassis Consigned Inventory Chassis consigned inventory was approximately $77,502 thousand as of March 31, 2026, a decrease from $119,091 thousand as of December 31, 2025 . #### Remaining Performance Obligations The aggregate amount of transaction price allocated to remaining performance obligations is $1,056,339 thousand for North America and $201,306 thousand for Europe and ROW as of March 31, 2026, with most revenue expected within one year . ### Future Outlook and Strategy Aebi Schmidt Holding AG expects to meet its primary liquidity needs, including working capital, capital expenditures, and debt service, through operating cash flows, its revolving credit facility, and existing cash balances, believing its available liquidity will be sufficient for at least 12 months and to finance future acquisitions . The acquisition of Shyft Group, Inc. in July 2025 was a strategic move to enhance product offerings, expand North American market share, and leverage innovative design capabilities, aiming to provide diversified vehicle solutions and mitigate market risk . The company continues to evaluate new accounting standards and tax law guidance, anticipating no material effects on its financial statements from currently issued pronouncements not yet adopted . ### Related Stocks - [AEBI.US](https://longbridge.com/en/quote/AEBI.US.md) ## Related News & Research - [Aebi Schmidt Holding AG reports Q4 results](https://longbridge.com/en/news/279775232.md) - [Transcript: Aebi Schmidt Holding Q1 2026 Earnings Conference Call](https://longbridge.com/en/news/286424984.md) - [DZ BANK AG Keeps Their Buy Rating on RWE AG (0HA0)](https://longbridge.com/en/news/286350798.md) - [J.P. 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