Vestas Wind Systems AS

VWS: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vestas Earnings: Strong Execution Drives Standout Quarter; Guidance Upgraded

Tancrede Fulop , Andrea Burigana

Aug 13, 2026

Vestas delivered a standout second quarter, with group EBIT surging to EUR 446 million and adjusted EBIT margin reaching 9.4%, up from 1.5% last year. The strong performance prompted a 100-basis-point upgrade to full-year group margin guidance to 7%-9%, sending shares up 20%.

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Vestas Wind Systems AS

Vestas Earnings: Strong Execution Drives Standout Quarter; Guidance Upgraded

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