Vestas raises profit outlook and announces €400m share buyback after strong quarter
The Danish wind turbine manufacturer reported earnings before interest and taxes of €446m, doubling analyst expectations
AI-assisted coverage comparison, editor-supervised · How this was made
Vestas har fuld gang i salget af vindmøller, både til lands og til vands. Derfor opjusterer ledelsen nu forventningen til årets driftsmargin. (Arkivfoto). Jonathan Nackstrand/Ritzau Scanpix
Photograph: BT (embedded from source)
What this story says
- Vestas reported second-quarter earnings before interest and taxes of €446 million, more than double the €205 million analysts had expected.
- The company raised its full-year profit margin forecast to 7-9%, up from the previous 6-8% range, and announced a €400 million share buyback programme.
- Shares rose as much as 19% on the news, the largest single-day gain since July 2022, with order backlog reaching €36 billion by the end of June.
- Outlets disagreed on the company’s net profit for the period, with Ekstra Bladet reporting €285 million for the quarter and elperiodicodelaenergia.com reporting €355 million for the first half of the year.
Who covered it
Percentages are shares of the 8 outlets carrying a published leaning rating. 12 of the 20 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .
Trust
76/100
Craft
95/100
Hype
28/100
20 sources · methodology
Thin on the left so far
Only 1 of the 8 outlets with a published leaning rating that ran this story are rated left.
This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.
Vestas Wind Systems reported second-quarter earnings before interest and taxes of €446 million on 12 August 2026, more than double the €205 million analysts had expected. The Danish wind turbine manufacturer raised its full-year profit margin forecast to 7-9%, up from the previous 6-8% range. It also announced a €400 million share buyback programme to run until the end of the year.
Shares in Vestas rose as much as 19% following the announcement, the largest single-day gain since July 2022. The company’s order backlog reached €36 billion by the end of June, with total turbine orders rising more than 50% in the first half of the year compared to the same period in 2025. Revenue for the year is expected to remain between €20 billion and €22 billion.
Vestas chief executive Henrik Andersen said the company was positioned to deliver growth for years, citing rising demand for wind turbines in Europe and the US. He told analysts that the US market was concluding it needed "more of everything", including wind power, despite political opposition.
Disagreement on net profit figures
Ekstra Bladet reported a net profit of €285 million for the second quarter. Elperiodicodelaenergia.com reported a net profit of €355 million for the first half of the year, which would imply a lower figure for the second quarter alone. The reports did not reconcile the discrepancy.
What the coverage left out
None of the right-rated digests mentioned the €446 million earnings before interest and taxes figure. The centre-rated digest from Bloomberg also omitted it. The left-rated digest from Politiken did not report the share buyback programme or the order backlog value.
Still developing. We have re-checked which outlets are covering this 4 times, most recently on 12 Aug 2026, 16:00, and will add the sides that appear.
How each side covered it
Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.
Left
1 rated outlet
- The single left-rated digest, from Politiken, led on the doubling of operating earnings in the second quarter. It noted that Vestas had raised its expectations for the year’s operating margin but did not mention the share buyback programme or the size of the order backlog.
Centre
1 rated outlet
- The centre-rated digest from Bloomberg led on the 19% share price surge and the raised profit outlook. It mentioned the share buyback programme but did not specify its size or duration. It did not report the net profit figure or the order backlog value.
Right
6 rated outlets
- All six right-rated digests led on the share price increase, with four specifying a rise of around 19%. Financial Post, the only right-rated outlet with a full report, quoted Vestas chief executive Henrik Andersen on the company’s long-term growth prospects and the US market’s demand for wind power. It also reported the €400 million share buyback and the €36 billion order backlog.
- N-tv and Capital.fr both described the results as "surprisingly strong". Focus.de and finanzen100.de framed the results as a turning point for the European wind power industry, with finanzen100.de noting that the share price rise had also lifted competitors Nordex and Siemens Energy. Reformatorisch Dagblad led on the share buyback programme and the strong order intake.
Read it at the source
20 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.
Left
1Centre
1Right
6- Surprisingly Strong Numbers: Vestas Has Regained Its Momentum (opens n-tv in a new tab)
n-tv
- Danish Specialist Launches Wind Power Turnaround for Europe (opens focus.de in a new tab)
- Vestas Surprises with Very High Profits and Raises Its Annual Forecasts (opens Capital.fr in a new tab)
Capital.fr — is Capital.fr biased? Our profile of this outlet
- Vestas Allows Investors to Benefit From Strong Demand for Wind Turbines. (opens Reformatorisch Dagblad in a new tab)
Reformatorisch Dagblad — is Reformatorisch Dagblad biased? Our profile of this outlet
- Vestas Raises Profit Outlook as Wind Turbine Orders Surge (opens Financial Post in a new tab)
Financial Post — is Financial Post biased? Our profile of this outlet
- Vestas Doubled Operating Earnings in the Second Quarter (opens BT in a new tab)
Not rated
12- Vestas CEO Sees “Huge Demand” for Electricity in the US (opens borsen.dk in a new tab)
- Vestastopp: May Reach Margin Target Early (opens Dagens industri in a new tab)
Dagens industri — is Dagens industri biased? Our profile of this outlet
- Vestas Multiplyes Its Profit by Ten Until June and Revises Upwards Forecasts (opens Forbes España in a new tab)
Forbes España — is Forbes España biased? Our profile of this outlet
- All 64 Wind Turbines Stand: He Dreiht Becomes Germany's Strongest Offshore Wind Farm (opens ingenieur.de in a new tab)
ingenieur.de — is ingenieur.de biased? Our profile of this outlet
- Wind Power Share Explodes – Analysts See Big Turning Point (opens finanzen100.de in a new tab)
finanzen100.de — is finanzen100.de biased? Our profile of this outlet
- Vestas stock surges after new earnings report - The Copenhagen Post (opens cphpost.dk in a new tab)
cphpost.dk — is cphpost.dk biased? Our profile of this outlet
- Danish Wind Vestas Earns 355 Million Net in the First Semester, Nine Times More (opens elperiodicodelaenergia.com in a new tab)
elperiodicodelaenergia.com — is elperiodicodelaenergia.com biased? Our profile of this outlet
- Vestas Wind Systems (VWS) Stock Soars 19% on Stellar Q2 Earnings and Raised Guidance (opens Blockonomi in a new tab)
Blockonomi — is Blockonomi biased? Our profile of this outlet
Show 4 more
- Vestas Finds Wind in the Blades (opens L'AGEFI in a new tab)
- After Strong Financial Results: Vestas Rises by 11 Percent (opens Ekstra Bladet in a new tab)
Ekstra Bladet — is Ekstra Bladet biased? Our profile of this outlet
- Vestas Doubled Operating Earnings in the Second Quarter (opens avisendanmark.dk in a new tab)
avisendanmark.dk — is avisendanmark.dk biased? Our profile of this outlet
- Siemens Energy's AI-Driven Turbine Expansion Puts Wind Unit's Turnaround to the Test (opens News Case in a new tab)
Questions about this coverage
- How did the left and right cover Vestas raises profit outlook and announces €400m share buyback after…?
- Of the 8 outlets on this story carrying a published leaning rating, 13% are rated left, 12% are rated centre, 75% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 20. The sections above set out what each side emphasised, in its own terms.
- Is Vestas raises profit outlook and announces €400m share buyback after… left or right?
- Too few of the outlets on this story carry a published leaning rating to say. 8 of them do, and this site does not characterise a field under 12: at that size one newsroom filing moves the share by ten points. The percentages above are the count as it stands.
- Is the coverage of Vestas raises profit outlook and announces €400m share buyback after… biased?
- Vestas raises profit outlook and announces €400m share buyback after strong quarter is one event reported by 20 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
- Which side is not reporting Vestas raises profit outlook and announces €400m share buyback after…?
- When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.
- Which outlets covered Vestas raises profit outlook and announces €400m share buyback after…?
- 20 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
- What were Vestas’ second-quarter earnings before interest and taxes?
- Vestas reported earnings before interest and taxes of €446 million for the second quarter of 2026. This figure was more than double the €205 million analysts had expected and was confirmed by multiple outlets, including Financial Post and Blockonomi.
- How much is Vestas’ share buyback programme worth?
- Vestas announced a €400 million share buyback programme to run until the end of 2026. The programme was reported by Ekstra Bladet, Financial Post and Reformatorisch Dagblad, among others, and contributed to a 19% rise in the company’s share price.
- Why did Vestas raise its profit margin forecast?
- Vestas raised its full-year profit margin forecast to 7-9% from the previous 6-8% range after reporting strong second-quarter results and a surge in turbine orders. The company cited rising demand in Europe and the US, as well as improved pricing, as reasons for the upgrade.
- Which outlets reported different net profit figures for Vestas?
- Ekstra Bladet reported a net profit of €285 million for the second quarter, while elperiodicodelaenergia.com reported a net profit of €355 million for the first half of the year. The discrepancy between the two figures was not explained in the reports.
How did this read?
About the coverage, not about the story. We do not ask whether you agree with what happened — we have no honest use for that answer.
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