Iberdrola SA

IBE: XMAD (ESP)

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Iberdrola Earnings: 2026 Guidance Raised; Higher Networks Investments to Boost Medium-Term Growth

Tancrede Fulop

Oct 21, 2026

Iberdrola raised its 2026 net profit growth guidance from above 8% to above 10%, close to our 9.5% estimate. Nine-month adjusted EBITDA grew 7.5%, in line with the first half. Adjusted net profit grew 9% to EUR 5.14 billion.

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Iberdrola SA

Iberdrola Earnings: 2026 Guidance Raised; Higher Networks Investments to Boost Medium-Term Growth

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