SKF Reports Increased Margin in Q2 2026
SKF reported its second-quarter 2026 financial results, showing continued improvement in its operating margin. Net sales remained stable year-over-year, with organic growth turning positive in industrial segments.
Gothenburg, 17 July 2026 – SKF Group announced its financial results for the second quarter of 2026, revealing a continued improvement in its operating margin. Net sales increased slightly to MSEK 23,195 from MSEK 23,166 in the same period last year.
Organic growth stood at 1.4%, a positive shift from -0.2% in the prior year. Growth was driven by industrial segments, though partially offset by weaker demand in the automotive business. The company is proceeding with the separation of its automotive operations, which influenced cash flow from operations.
Adjusted operating profit rose to MSEK 3,223 from MSEK 3,090, with the adjusted operating margin improving to 13.9% from 13.3%. SKF specifically highlighted solid commercial execution within its Specialized Industrial Solutions division.
Net cash flow from operating activities decreased to MSEK 2,055 from MSEK 2,817 in the prior year. This reduction was primarily attributed to an increase in working capital associated with the ongoing separation of the automotive business.