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October 22, 2026 Q3 results 2026
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Q3 summary ▪ Strong order intake ‒ Growth for industrial as well as gas and process compressors ‒ Record demand for vacuum equipment ‒ Double-digit growth for industrial assembly equipment and vision solutions ‒ Strong growth for power equipment ‒ Continued growth for service ▪ Record revenues ▪ Stable profit margin year-on-year, sequential improvement ▪ Solid operating cash flow ▪ 4 acquisitions closed Atlas Copco AB - Q3 20262 0% 5% 10% 15% 20% 25% 30% 0 5 000 10 000 15 000 20 000 25 000 30 000 35 000 40 000 45 000 50 000 55 000 60 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, %
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Q3 financials ▪ Orders received were MSEK 52 338 (40 517), organic increase of 25% ▪ Revenues reached MSEK 47 920 (41 621), organic increase of 11% ▪ Operating profit at MSEK 9 950 (8 546), margin of 20.8% (20.5) ‒ Adjusted operating profit at MSEK 10 195 (8 862), margin of 21.3% (21.3) ▪ Profit for the period, MSEK 7 736 (6 675) ▪ Basic earnings per share at SEK 1.58 (1.37) ▪ Operating cash flow at MSEK 8 728 (7 330) ▪ Return on capital employed at 24% (25) Atlas Copco AB - Q3 20263 0% 5% 10% 15% 20% 25% 30% 0 5 000 10 000 15 000 20 000 25 000 30 000 35 000 40 000 45 000 50 000 55 000 60 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, %
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Orders received – local currency September 30, 2026 100 +22 +28 Share of orders received, year-to-date, % Year-to-date vs. previous year, % Last 3 months vs. previous year, % 28 +34 +39 4 +6 +4 24 +8 +8 5 +2 +21 Atlas Copco AB - Q3 2026 39 +30 +39 4
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Sales bridge Atlas Copco AB - Q3 20265 *Volume, price and mix MSEK Orders received Revenues Orders received Revenues 2025 40 517 41 621 127 208 125 561 Structural change, % +3 +3 +4 +3 Currency, % +1 +1 -5 -4 Organic*, % +25 +11 +18 +7 Total, % +29 +15 +17 +6 2026 52 338 47 920 148 684 133 434 July-September January-September
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Orders received and organic order growth per business area Compressor Technique Org. order dev. +6% Vacuum Technique Org. order dev. +82% Industrial Technique Org. order dev. +12% Power Technique Org. order dev. +13% 42% 14% 17% 27% Share of Group orders received 12 months ending September 2026. 3-month organic order development compared to previous year. Atlas Copco AB - Q3 20266
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Compressor Technique ▪ Organic order growth of 6% ‒ Solid demand for industrial compressors ‒ Notable growth for gas and process compressors ‒ Service order growth ▪ Revenue increase of 5% organically ▪ Operating profit margin at 23.6% (25.3) ‒ Negatively affected by currency, sales mix, and higher supply chain costs ▪ ROCE at 72% (80) Innovation: The new TVD22-29 dry cooler range delivers stable thermal performance and precise temperature control for industrial cooling applications. Atlas Copco AB - Q3 20267 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 2 500 5 000 7 500 10 000 12 500 15 000 17 500 20 000 22 500 25 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Orders received, MSEK Revenues, MSEK Operating margin, %
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Vacuum Technique ▪ 82% organic order growth ‒ Record orders for semiconductor equipment ‒ Industrial and scientific vacuum equipment also reached a record ‒ Growth for service ▪ Record revenues, up 28% organically ▪ Operating profit margin at 22.2% (18.5) ‒ Driven by increased volumes ‒ Negatively affected by capacity ramp-up and currency ▪ ROCE at 21% (18) Innovation: A new range of industrial vacuum pumps, the Atlas Copco GHS 402-1002 VSD+, features a compact design, low noise level, and high energy efficiency. Atlas Copco AB - Q3 20268 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 2 500 5 000 7 500 10 000 12 500 15 000 17 500 20 000 22 500 25 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, %
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Industrial Technique ▪ Orders up 12% organically ‒ Notable growth for general industry ‒ Solid growth for automotive equipment ‒ Growth for service ▪ Revenues up 2% organically ▪ Operating profit margin at 18.7% (18.0) ‒ Adjusted for restructuring costs 20.6% (18.8) ‒ Positively affected by a combined volume, price and mix effect, and decreased costs related to trade tariffs ▪ ROCE at 18% (18) Innovation: A new Smart Tensioning System (STS) for large bolts, offering improved safety, repeatability, efficiency, and process control. Atlas Copco AB - Q3 20269 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 10 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, %
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Power Technique ▪ Organic order growth of 13% ‒ Improved equipment demand ‒ Growth for specialty rental ‒ Continued growth for service ▪ Record revenues, up 14% organically ▪ Operating profit margin at 18.3% (17.0) ‒ Supported by the combination of volume, price and mix, and a positive acquisition effect ‒ Negatively affected by currency ▪ ROCE at 13% (15) Innovation: The new QAC 1000 TwinPower portable generator for variable-load applications features an integrated Power Management System that improves energy efficiency and reduces emissions. Atlas Copco AB - Q3 202610 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 10 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, %
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July – September 2026 vs. 2025 Group total Atlas Copco AB - Q3 202611 0% 5% 10% 15% 20% 25% 30% 0 5 000 10 000 15 000 20 000 25 000 30 000 35 000 40 000 45 000 50 000 55 000 60 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026 Orders received, MSEK Revenues, MSEK Operating margin, % Adjusted operating margin, % MSEK 2026 2025 Orders received 52 338 40 517 Revenues 47 920 41 621 EBITA* 10 626 9 127 – as a percentage of revenues 22.2 21.9 Operating profit 9 950 8 546 – as a percentage of revenues 20.8 20.5 Net financial items -161 -90 Profit before tax 9 789 8 456 – as a percentage of revenues 20.4 20.3 Income tax expense -2 053 -1 781 – as a percentage of profit before tax 21.0 21.1 Profit for the period 7 736 6 675 Basic earnings per share, SEK 1.58 1.37 Return on capital employed, % 24 25 Return on capital equity, % 25 26 *Operating profit excluding amortization and impairment of intangibles related to acquisitions. July-September
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July – September 2026 vs. 2025 Profit bridge Atlas Copco AB - Q3 2026 *LTI= Long term incentive 12 Volume, price, Items affecting Share-based MSEK Q3 2026 mix and other Currency Acquisitions comparability LTI* programs Q3 2025 Atlas Copco Group Revenues 47 920 4 559 440 1 300 41 621 Operating profit 9 950 1 263 -115 185 73 -2 8 546 20.8% 20.5%
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July – September 2026 vs. 2025 Profit bridge – by business area Atlas Copco AB - Q3 202613 Volume, price, Items affecting MSEK Q3 2026 mix and other Currency Acquisitions comparability Q3 2025 Compressor Technique Revenues 20 399 853 165 230 19 151 Operating profit 4 804 15 -55 0 0 4 844 23.6% 25.3% Vacuum Technique Revenues 12 257 2 599 105 360 9 193 Operating profit 2 726 882 -45 40 152 1 697 22.2% 18.5% Industrial Technique Revenues 6 745 140 90 0 6 515 Operating profit 1 260 156 10 0 -79 1 173 18.7% 18.0% Power Technique Revenues 8 711 937 85 710 6 979 Operating profit 1 595 268 -5 145 0 1 187 18.3% 17.0%
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Balance sheet Atlas Copco AB - Q3 202614 MSEK Sep. 30 2026 Sep. 30 2025 Dec. 31 2025 82 080 73 209 77 078 8 480 5 953 7 811 20 606 18 216 18 349 7 739 6 911 7 345 5 773 4 952 4 853 31 472 27 648 26 659 53 740 44 028 44 042 836 504 606 24 278 25 999 15 523 0 108 188 235 004 207 528 202 454 118 930 106 685 110 383 39 100 37 644 36 782 76 974 63 199 55 289 235 004 207 528 202 454TOTAL EQUITY AND LIABILITIES Assets classified as held for sale TOTAL ASSETS Total equity Interest-bearing liabilities Non-interest-bearing liabilities Intangible assets Rental equipment Other property, plant and equipment Current financial assets Cash and cash equivalents Inventories Receivables Right-of-use assets Other non-current assets
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Cash flow Atlas Copco AB - Q3 202615 July-September July-September MSEK 2026 2025 2025 Operating cash surplus 13 789 10 936 35 966 32 398 of which depreciation added back 2 634 2 331 7 616 6 856 Net financial items 190 9 15 -548 Taxes paid -2 772 -2 049 -7 250 -6 844 Pension funding -452 -106 -680 -350 Change in working capital -87 323 -2 984 969 Increase in rental equipment, net -428 -487 -1 313 -1 452 Cash flow from operating activities 10 240 8 626 23 754 24 173 Investments of property, plant & eq., net -855 -851 -2 239 -3 081 Other investments, net -492 -387 -1 433 -1 403 Cash flow from investments -1 347 -1 238 -3 672 -4 484 Adjustment, currency hedges of loans -165 -58 -241 330 Operating cash flow 8 728 7 330 19 841 20 019 Company acquisitions/divestments -449 -1 424 -1 340 -3 560 2026
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Near-term outlook Atlas Copco Group expects the customer activity to remain at the current level. Atlas Copco AB - Q3 202616
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Forward-looking statements “Some statements in this report are forward-looking, and the actual outcome could be materially different. In addition to the factors explicitly discussed, other factors could have a material effect on the actual outcome. Such factors include, but are not limited to, general business conditions, fluctuations in exchange rates and interest rates, political developments, the impact of competing products and their pricing, product development, commercialization and technological difficulties, interruptions in supply, and major customer credit losses.” Atlas Copco AB - Q3 202618