Epiroc A stock fell 1.50 percent as Q2 margins improved

Epiroc A (ISIN SE0015658109) stock was last at SEK 256.30 on Nasdaq Stockholm on September 28, 2026, down 1.50 percent from the prior close. The latest operating picture was stronger: Q2 2026 revenue rose 10 percent to SEK 16.7 billion, while adjusted operating margin improved to 20.10 percent from 19.70 percent.

Mining orders support growth

In the Q2 2026 earnings call, Yahoo Finance reported that orders received increased 13 percent organically to SEK 17.3 billion. Equipment orders grew 30 percent organically, supported by SEK 720 million in large orders, while service orders increased 6 percent.

The result also showed the benefit of higher factory output. EBIT increased 17 percent to SEK 3.3 billion, and the reported operating margin reached 19.90 percent compared with 18.70 percent in Q2 2025, according to Yahoo Finance.

Analyst target stays above price

Valuation expectations remain higher than the latest share price. Investing.com lists Berenberg with a Hold rating and a SEK 290.00 target dated August 27, 2026. That target lies 13.11 percent above the SEK 256.30 reference price.

The analyst table also lists Barclays at Buy with a SEK 280.00 target dated July 28, 2026, and JPMorgan at Buy with a SEK 320.00 target dated July 22, 2026, according to Investing.com. The spread between those targets reflects different assumptions about the pace of mining investment and the earnings contribution from equipment and aftermarket services.

Stock remains below yearly high

Epiroc A traded 9.85 percent below its 52-week high of SEK 284.30 and above its 52-week low of SEK 186.60 on September 28, 2026. Its market capitalization was SEK 310.0 billion and volume was 1,236,350 shares on the same session.

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