Filing Flows › Aebi Schmidt Holding AG (AEBI) › Q1 2026 › vs Q4 2025
Aebi Schmidt Holding AG (AEBI) Q1 2026 vs Q4 2025 (quarter over quarter)
Aebi Schmidt Holding AG's revenue fell $72.8M (-14%) from $528M in Q4 2025 to $456M in Q1 2026. The biggest changes: New Business −$76.7M (-17%); After Sales +$3.9M (+6%). Gross margin 19.2% against 18.9% (+0.3 pts).
Aebi Schmidt Holding AG, Q1 2026: revenue $456M (+83% year over year), operating margin 3.4%, net earnings $671K, operating cash flow −$17.7M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.2% | 18.9% | +0.3 pts |
| Operating margin | 3.4% | 5.2% | -1.8 pts |
| Net margin | 0.1% | 1.7% | -1.5 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| New Business | $382M | $458M | −$76.7M | -17% |
| After Sales | $73.9M | $70.0M | $3.9M | +6% |
| Revenue | $456M | $528M | −$72.8M | -14% |
| Gross profit | $87.4M | $99.8M | −$12.4M | -12% |
| Cost of revenue | $368M | $429M | −$60.4M | -14% |
| Operating profit | $15.4M | $27.3M | −$11.9M | -44% |
| Operating expenses | $72.0M | $72.5M | −$466K | -0.6% |
| Pre-tax earnings | $1.2M | $10.8M | −$9.6M | -89% |
| Other expense, net | $14.2M | $16.5M | −$2.3M | -14% |
| Research & development | $6.7M | $7.7M | −$999K | -13% |
| SG&A | $58.5M | $57.1M | $1.5M | +3% |
| Other operating costs | $6.8M | $7.7M | −$961K | -12% |
| Net earnings | $671K | $8.8M | −$8.1M | -92% |
| Income tax | $488K | $2.0M | −$1.5M | -76% |
| Operating cash sources | $33.2M | −$6.7M | $39.9M | — |
| Depreciation & amortization | $13.8M | $16.2M | −$2.4M | -15% |
| Share-based compensation | $1.0M | $1.9M | −$900K | -47% |
| Cash used in operations | $17.7M | −$33.5M | $51.3M | — |
| Working capital & other | $33.2M | −$6.7M | $39.9M | — |
Questions
How much did Aebi Schmidt Holding AG's revenue grow quarter over quarter in Q1 2026?
Aebi Schmidt Holding AG's revenue fell $72.8M (-14%) from $528M in Q4 2025 to $456M in Q1 2026.
What drove Aebi Schmidt Holding AG's revenue change in Q1 2026?
New Business −$76.7M (-17%); After Sales +$3.9M (+6%).