Sandvik AB

SAND: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sandvik Earnings: Adjusted EBITA Margin Exceeds Upper Target Range of 22%; Valuation Raised

Matthew Donen , Fabienne Pfeiffer

Jul 17, 2026

Sandvik's second-quarter adjusted EBITA grew by 27% year over year, which saw its margin expand by 120 basis points reaching a record 22.6%. Shares are trading 7% lower intraday on July 17.

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Sandvik AB

Sandvik Earnings: Adjusted EBITA Margin Exceeds Upper Target Range of 22%; Valuation Raised

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