ABB Ltd. (ABBNY) Stock Price & How to Invest
Last updated October 2026
Short answer
ABB is a Swiss electrification and automation group whose US investors hold it through the ABBNY ADR, and in October 2026 it is priced as a premium industrial: record orders driven by data center and grid demand, margins above 20%, and a trailing P/E in the mid-30s that already assumes much of that strength continues.
ABBNY stock price
As of 2026-10-16, ABB Ltd. (ABBNY) last closed at $91.05, up 23.2% over the past year. Over the past 52 weeks it has traded between $67.56 and $109.73.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or ABB Ltd.'s investor relations page. Walnut is informational, not investment advice.
What does ABB Ltd. (ABBNY) do?
ABB Ltd is a Zurich-based industrial technology company with roots going back to 1883 (through ASEA and Brown Boveri). It now reports three business areas. Electrification, the largest and most profitable, makes the low and medium voltage gear that moves power safely inside buildings, factories, data centers and grid connections: switchgear, breakers, distribution panels, UPS systems and smart building products. Motion makes electric motors, variable speed drives, traction equipment for rail and large machines such as synchronous condensers that help stabilize grids. Automation (formerly Process Automation) provides control systems, instrumentation, marine propulsion and electrification, and engineering for energy-intensive industries like oil and gas, mining, pulp and paper, and power generation. The former Robotics division is being sold to SoftBank for an enterprise value of ~$5.4 billion, with completion expected in the second half of 2026, and is reported as a discontinued operation. Primary listings are on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm; US investors trade a sponsored Level I ADR over the counter as ABBNY after ABB left the NYSE in 2023.
The investment picture in October 2026 is one of strong momentum at a full price. In Q2 2026 ABB booked record orders of ~$12.0 billion (+30%, +28% comparable), revenue of ~$9.5 billion (+14%) and an Operational EBITA margin of ~20.2%, with an order backlog of ~$30.0 billion. Electrification orders jumped ~60% on data center demand, and US orders rose ~62%. Management raised full-year 2026 guidance to low double-digit to low-teens comparable revenue growth. At the same time ABB agreed to buy UK actuator maker Rotork for ~$5.5 billion in cash, its largest acquisition, funded largely by the robotics proceeds. With the ADR trading near ~$100 (a market value around ~$190 billion) and a trailing P/E in the mid-30s, the market is pricing ABB closer to US electrical peers like Eaton than to the conglomerate discount it carried a decade ago. The questions that matter from here are how durable data center and grid spending prove, whether margins keep expanding as mix shifts, and whether Rotork earns its premium price.
What's driving ABB Ltd. (ABBNY)?
1. Data center and AI power infrastructure
Data centers have become the single most visible driver in ABB's numbers. In Q2 2026 management described data center order growth as exceptional, and Electrification orders crossed $7 billion in a quarter for the first time, up ~60% year on year with no signs of pre-ordering according to the company. ABB supplies the medium and low voltage switchgear, breakers, UPS systems and power distribution that sit between the grid and the server hall, and it is pushing newer products such as the HiPerGuard medium voltage UPS that lets a facility connect directly to the grid. Motion and Automation also contribute through the VoltaGrid partnership, supplying synchronous condensers and prefabricated eHouses for behind-the-meter power. If hyperscaler capital spending keeps rising, this is the area where ABB's order book is most directly exposed to it.
2. Grid modernization, energy resilience and efficiency
Beyond data centers, ABB frames its growth around energy expansion, efficiency and resilience. Utilities are replacing aging assets and adding capacity to meet higher power demand, and ABB reported stable utility orders at a high level in Q2 2026. Motion's high efficiency motors and drives benefit from industrial customers trying to cut energy costs, while rail demand remained strong and building orders improved on commercial projects in the US and Europe. These markets tend to move on longer investment cycles than consumer-facing industrials, which helps explain a backlog of ~$30 billion that was up ~27% year on year. The weak spot within this theme is residential construction, which ABB described as broadly soft.
3. Margin expansion and capital discipline
Under CEO Morten Wierod, and before him Bjorn Rosengren, ABB has run a decentralized model in which each division owns its profitability, and the results show up in the margin line. Group Operational EBITA margin reached ~20.2% in Q2 2026 and ~21.8% for the first half (helped by a one-off real estate gain in Q1), with Electrification at ~24.9%. SG&A fell to ~18.2% of revenue from ~20.1% a year earlier, and return on capital employed was ~28.4%. Net debt was only ~$2.3 billion, about 0.3x EBITDA, which leaves room for a share buyback of up to $2 billion launched in February 2026 alongside acquisitions. Management guides for further year-on-year margin improvement in 2026 even excluding the real estate gain.
4. Portfolio reshaping: Robotics out, Rotork in
ABB is actively changing what it owns. The robotics business, which was lower margin and more cyclical, is being sold to SoftBank for ~$5.4 billion, with ~$4.8 billion in expected net cash proceeds. Those funds are earmarked for the ~$5.5 billion all-cash acquisition of Rotork, a UK maker of valve actuators and flow control equipment used in oil and gas, water, power and chemicals. ABB says Rotork should lift group margins immediately and be EPS accretive in the second year after integration, with closing expected in the first half of 2027. Combined with two smaller deals, the announced acquisitions would add roughly 3.5% to 2025 revenue. The strategic logic is a tighter focus on electrification and automation with fewer swings from factory robot cycles.
What are the risks to ABB Ltd. (ABBNY)?
Valuation is the most immediate risk: at a trailing P/E in the mid-30s, ABB trades well above its own long-run average and above many European industrial peers, so a slowdown in orders could weigh on the shares even if earnings keep growing. Data center demand is concentrated among a small number of very large buyers, and any pause in AI infrastructure spending would hit Electrification, the division that now drives most of the growth. The Rotork deal was struck at roughly 19.5x 2025 EBITDA and a large premium, which some analysts called expensive, and integration of ABB's biggest ever acquisition carries execution risk, as does the still-pending robotics sale. ABB reports in US dollars but most of its costs and its share price sit in Swiss francs and euros, so currency moves affect both reported results and what a US ADR holder experiences. Finally, tariffs, commodity costs (copper and steel), legacy legal provisions (about $100 million booked in Q2 2026) and softer Automation orders against a tough comparison are all reasons quarterly results can be uneven.
What is the ABB Ltd. (ABBNY) forecast?
5 analysts publish price targets on ABBNY, averaging $93.32 against a $91.05 price as of October 2026, or +2.5%. The published targets run from $83.00 to $101.00, a narrow spread, and the ratings split 0 buy, 3 hold, 2 sell. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full ABBNY forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is ABBNY a buy or a sell?
We give no verdict on ABB Ltd.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Data center and AI power infrastructure. Data centers have become the single most visible driver in ABB's numbers. The most optimistic published target, $101.00, assumes this works close to its best case.
The case against. Valuation is the most immediate risk: at a trailing P/E in the mid-30s, ABB trades well above its own long-run average and above many European industrial peers, so a slowdown in orders could weigh on the shares even if earnings keep growing. The most pessimistic target, $83.00, is roughly what ABBNY is worth if this bites instead.
Read the full bull and bear case on ABBNY, including what would have to change to break either one. Walnut is not an investment adviser.
How is ABB Ltd. (ABBNY) valued? (approximate, October 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see ABB Ltd.'s investor relations page or your broker.
- Revenue (TTM, continuing ops): ~$35.7 billion
- Q2 2026 orders / revenue: ~$12.0B (+30%) / ~$9.5B (+14%)
- Operational EBITA margin (Q2 2026): ~20.2%
- Basic EPS (TTM): ~$2.77
- Trailing P/E (ABBNY): ~35-37x
- Dividend (paid 2026): CHF 0.94 per share (~$1.17), ~1.2% yield
Figures are taken from ABB's FY2025 and Q2 2026 reports (published January 29 and July 16, 2026) and reflect continuing operations, so the Robotics division being sold to SoftBank is excluded. With the ADR near ~$100 and the Swiss shares around ~CHF 78 to 82, ABB's market value is roughly ~$190 billion, and the mid-30s trailing P/E sits above the analyst consensus target range reported by data aggregators (average around ~CHF 78), which helps explain a consensus that leans neutral. The next data point is Q3 2026 results, scheduled for around October 20, 2026, against management guidance of low to mid-teens comparable revenue growth for the quarter.
Who competes with ABB Ltd. (ABBNY)?
Electrical equipment and power distribution
Schneider Electric (France), Siemens and Siemens Energy (Germany) and Eaton (US) compete most directly with ABB Electrification in switchgear, breakers, UPS and data center power distribution, with Vertiv and Legrand also strong in data center power and cooling. Schneider is ABB's closest like-for-like rival globally, and Eaton is the reference point US investors often use when comparing valuation, since both have been re-rated by data center demand. Hitachi Energy, which bought ABB's former Power Grids business in 2020, competes in grid-scale transmission equipment rather than ABB's lower voltage niche.
Motors, drives and motion control
In Motion, ABB competes with Siemens, WEG (Brazil), Nidec (Japan), Danfoss (Denmark), Yaskawa and Regal Rexnord in industrial motors and variable speed drives, and with Alstom, Siemens Mobility and Wabtec suppliers in rail traction. ABB is one of the largest global players in drives, and competition here tends to center on efficiency standards, service networks and price on standard products.
Process automation and flow control
Automation competes with Emerson, Honeywell, Siemens, Yokogawa, Schneider (through AVEVA and its automation arm) and Rockwell Automation in distributed control systems, instrumentation and industrial software for energy and process industries. The pending Rotork acquisition puts ABB into actuators and flow control, where it will meet Emerson and Flowserve, and gives it a larger installed base in oil and gas, water and chemicals.
What stocks are similar to ABB Ltd. (ABBNY)?
Other names that sit close to ABBNY: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in ABB Ltd. (ABBNY)
There are three common ways to get ABBNY exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so ABBNY sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where ABBNY fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on ABB Ltd. (ABBNY)
ABBNY offers US exposure to one of the clearest electrification and data center power stories in global industrials, with the trade-off that its mid-30s earnings multiple, a large pending Rotork deal and Swiss franc currency effects all leave less room for disappointment than the headline growth suggests.
More on ABB Ltd. (ABBNY)
Whether ABBNY is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ABBNY a buy or a sell?, and where the stock could go from here in the ABBNY stock forecast.
For income investors, whether ABBNY pays a dividend and how the payout looks is covered in does ABBNY pay a dividend? And to weigh ABBNY against a peer, read the full side-by-side comparisons: ABBNY vs SBGSY and ABBNY vs SIEGY.
Wondering how ABBNY fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in ABB Ltd. with AI
Connect the broker you already use and ask Walnut's AI how ABBNY fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is ABBNY and how does the ADR work?
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ABBNY is the US over-the-counter ticker for American Depositary Receipts of ABB Ltd, the Swiss industrial group. Each ADR has historically represented one ordinary ABB share (a 1:1 ratio), so the ADR price tracks the Zurich share price (ABBN) converted from Swiss francs into dollars, give or take small arbitrage gaps. ABB moved its ADRs off the NYSE in May 2023, converted the program to a sponsored Level I ADR and switched the ticker from ABB to ABBNY. The main liquidity sits on the SIX Swiss Exchange and Nasdaq Stockholm. ADR holders may pay small depositary fees, and the ADR price moves with the dollar to franc exchange rate as well as with the underlying shares.
How are ABB dividends taxed for US ADR holders?
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ABB pays one annual dividend, set in Swiss francs (CHF 0.94 per share for fiscal 2025, paid in 2026) and converted to dollars by the depositary bank. Switzerland levies a 35% withholding tax on ordinary dividends, and under the US to Switzerland tax treaty a US investor can typically reclaim the amount above 15%, though reclaiming requires paperwork and many brokers do not do it automatically. ABB has at times paid part of its distribution out of capital contribution reserves, which can be exempt from Swiss withholding, so the effective rate depends on how a given year's dividend is structured. US investors may be able to claim a foreign tax credit for tax withheld; a tax professional can confirm specifics.
What does ABB actually make?
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ABB makes equipment that distributes, controls and uses electric power. Electrification (more than half of revenue) sells switchgear, circuit breakers, distribution panels, UPS systems, EV charging and smart building products. Motion makes electric motors, drives, rail traction systems and grid stabilization machines such as synchronous condensers. Automation provides control systems, measurement instruments, marine propulsion and engineering for oil and gas, mining, power plants, chemicals and pulp and paper. ABB used to own a large power grids business (sold to Hitachi in 2020) and a robotics division (being sold to SoftBank), so the company today is more narrowly focused on electrification and industrial automation than it was a decade ago.
Why have ABB's orders grown so fast in 2026?
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The main driver is data center construction. In Q2 2026 ABB reported record orders of ~$12.0 billion, up ~30%, with Electrification orders up ~60% and US orders up ~62%. Data centers need large amounts of medium and low voltage equipment, backup power and grid connection hardware, all categories where ABB is a leading supplier. Utilities upgrading aging grids, rail investment, commercial buildings and some industrial segments also contributed. Book-to-bill was ~1.27, meaning ABB booked far more new work than it shipped, which pushed the backlog to ~$30 billion. Automation orders fell ~13% in the quarter, but mainly against a very large booking a year earlier.
What is the Rotork acquisition and why does it matter?
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In July 2026 ABB agreed to buy Rotork plc, a UK maker of electric, pneumatic and hydraulic actuators that open and close valves in pipelines, water plants, power stations and chemical facilities. The offer of 503 pence per share values the deal at ~$5.5 billion in cash, making it ABB's largest acquisition ever, and it is expected to close in the first half of 2027 subject to approvals. ABB intends to fund it largely with ~$4.8 billion of net proceeds from the robotics sale. The company says Rotork should lift margins immediately and add to EPS in the second year. Critics note the price, about 19.5x Rotork's 2025 EBITDA and a large premium to its share price.
How is ABB valued compared with other industrials?
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As of October 2026 ABBNY trades at a trailing P/E around the mid-30s on ~$2.77 of trailing basic EPS, with a market value near ~$190 billion. That is a premium to most European capital goods companies and roughly in line with US electrical equipment names like Eaton, which have also been re-rated on data center demand. Supporters point to margins above 20%, return on capital near ~28% and a growing backlog. Skeptics note that the shares trade at or above the average analyst price target reported by aggregators, that consensus leans toward neutral ratings, and that a premium multiple depends on orders staying strong. Walnut describes these figures and does not provide investment advice.
How does currency affect an ABBNY investment?
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There are two layers of currency exposure. First, ABB reports in US dollars but earns revenue in many currencies, with Europe around a third of sales, so a stronger dollar reduces reported growth and a weaker one adds to it (exchange rates added ~2% to Q2 2026 revenue). Second, ABB's primary share price is in Swiss francs, so the ABBNY price moves with the CHF to USD rate even on days when the Zurich shares are flat. A US investor therefore holds an indirect long position in the franc relative to the dollar. The franc has historically behaved as a defensive currency, which can cushion or amplify returns depending on the period.
What are the main risks to watch with ABB?
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Key risks include a slowdown in data center or hyperscaler spending, which now drives much of Electrification's growth, and a valuation that leaves limited room for disappointment. Integration risk on Rotork, its biggest deal, and completion risk on the SoftBank robotics sale both matter for 2026 and 2027. Tariffs and commodity costs such as copper pressured gross margin in Q2 2026, which fell ~0.5 points, and ABB booked ~$100 million in legacy claim provisions. Weakness in residential construction, oil and gas order timing and the Middle East conflict affect parts of the portfolio. For ADR holders, currency swings and Swiss dividend withholding are additional considerations. Q3 2026 results around October 20 are the next update.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with ABB Ltd.'s investor relations page or your broker before making investment decisions.