Volvo AB Class B

VOLV B: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Volvo Group Earnings: Continued Solid Execution but Valuation Full

Rella Suskin

Jul 20, 2026

Volvo's half-year results reflected another period of consistent execution, with North American truck market share growing ahead of our expectations in a tough environment. The doubling of the North American order book signals the start of a turnaround from an extended freight recession.

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Volvo AB Class B

Volvo Group Earnings: Continued Solid Execution but Valuation Full

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