SKF stock holds as profit growth outpaces revenue

Published on 09/23/2026 at 12:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SKF stock carries a Barclays Hold rating and a SEK 260 target dated September 20, 2026. Second quarter profit reached SEK 1.26 billion after SEK 516 million.

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SKF stock carries a Barclays Hold rating and a SEK 260 price target dated September 20, 2026. The industrial bearing maker reported second quarter 2026 revenue of SEK 23.2 billion and net profit of SEK 1.26 billion, putting earnings growth well ahead of sales growth.

Profit growth leads revenue

According to IT Boltwise on September 22, 2026, Barclays kept its Hold rating and set a SEK 260 target while citing SKF's Q2 2026 figures. Revenue of SEK 23.2 billion was close to SEK 23.17 billion in Q2 2025, a difference of SEK 30 million.

The sharper change came below the sales line. Net profit rose to SEK 1.26 billion from SEK 516 million in Q2 2025, an increase of SEK 744 million, or approximately 144.2 percent. That comparison makes profitability the central issue in the current SKF setup rather than top-line expansion.

Target stays below consensus

The same IT Boltwise report dated September 22, 2026, places the average analyst target at SEK 267 and describes the broader consensus as Hold. Barclays' SEK 260 target is therefore SEK 7 below that average, or approximately 2.6 percent lower.

For investors, the numerical gap points to a restrained valuation debate. The reported profit improvement provides a measurable operating counterweight, but revenue was broadly flat year over year and the rating remains Hold rather than a positive recommendation.

SKF stock and market data

SKF stock is covered here through the reported Q2 2026 figures and the dated analyst target. The available market-capitalization reference for AB SKF was SEK 122.2 billion as of September 2026, according to a company overview published by Simply Wall St.

That market value provides a dated size reference alongside the SEK 260 analyst target. The next decisive comparison is whether future reporting periods can sustain the Q2 2026 net-profit increase while revenue remains near SEK 23.2 billion.

Profit is the key checkpoint

SKF's reported Q2 2026 net profit of SEK 1.26 billion compared with SEK 516 million a year earlier, while revenue was SEK 23.2 billion versus SEK 23.17 billion. The contrast leaves margin and earnings conversion as the clearest measurable indicators for the next update.