Brembo reported second-quarter revenues of €983.0 million ($1.12 billion), up 6.4% from a year earlier, and raised its full-year 2026 guidance to revenue growth of about 5% at constant exchange rates. The braking systems supplier closed the first half with revenues of €1,920.4 million ($2.18 billion), a 2.1% increase, and net profit of €117.6 million ($133.7 million), up 20.1%. Executive Chairman Matteo Tiraboschi tied the quarter’s performance to progress on Sensify, the company’s intelligent braking platform, pointing to the start of production for a global car manufacturer, new contracts, and a partnership aimed at large-scale adoption in China.
Highlights
- Q2 revenues: €983.0 million ($1.12 billion), up 6.4% as reported and 6.9% at constant exchange rates
- Q2 EBITDA: €162.0 million ($184.2 million), up 9.8%, with margin at 16.5% versus 16.0% a year earlier
- Q2 net profit: €60.7 million ($69.0 million), up 30.0%
- Revised guidance: revenue growth of about 5% at constant exchange rates, up from the 3% forecast issued in May
Guidance Revised Upward
Brembo raised its 2026 outlook against the guidance it issued in May, which called for revenue growth of 3% at constant exchange rates. The other elements of the forecast were left in place: an EBITDA margin of around 16.5%, investments of about €350 million ($397.9 million), and net financial debt below €700 million ($795.9 million).
The company said the volatile geopolitical and macroeconomic environment limits visibility on market performance, and that it will monitor developments and update guidance accordingly.
Margins Expand Across the Half
First-half EBITDA reached €316.7 million ($360.1 million) for a 16.5% margin, compared with €300.9 million and a 16.0% margin in the first half of 2025. EBIT rose to €175.7 million ($199.8 million), a 9.1% margin against 8.6%.
Cost of sales and other net operating costs totaled €1,194.0 million, or 62.2% of sales, down from 63.4% a year earlier. Personnel expenses moved the other way, reaching €417.2 million ($474.4 million) at 21.7% of sales versus 20.9%. Net interest expense fell to €14.0 million from €21.5 million, helped by net exchange gains of €4.0 million against losses of €4.6 million in the prior-year period. Pre-tax profit came in at €162.1 million, with estimated taxes of €43.4 million and an effective rate of 26.8%. Earnings per share reached €0.37 ($0.42), up from €0.31.
Which Segments Drove the Growth?
Motorcycle and commercial vehicle applications carried the half, while the passenger car business — still 71.7% of group revenue — was essentially flat.
| Application | H1 2026 (€M) | H1 2025 (€M) | Change |
|---|---|---|---|
| Passenger car | 1,377.6 | 1,370.2 | +0.5% |
| Motorcycle | 227.4 | 206.7 | +10.0% |
| Commercial vehicle | 168.7 | 156.0 | +8.1% |
| Racing | 145.7 | 147.6 | -1.3% |
| Total | 1,920.4 | 1,881.0 | +2.1% |
The racing figure includes revenues from Öhlins. Brembo noted that H1 2025 data were restated following an in-depth analysis.
Geographically, France rose 20.3% and other European countries gained 17.7%. India was up 7.6% as reported and 23.9% at constant exchange rates, while North America grew 3.6% as reported and 9.9% at constant rates. South America added 12.1%, Italy 1.5% and the United Kingdom 2.0%. Germany declined 2.5%, Japan fell 15.4%, and China dropped 11.2%, the steepest decline in the portfolio.
Debt, Investment and Headcount
Net financial debt stood at €798.6 million ($908.0 million) at the close of the half, down €136.9 million from a year earlier but up €79.3 million from the €719.2 million recorded at the end of 2025. Net investments totaled €132.5 million ($150.7 million), including €5.0 million from increases in leased assets.
Headcount reached 16,606, up from 16,452 three months earlier and 15,875 at the end of 2025. Brembo N.V.‘s Board of Directors, chaired by Tiraboschi, approved the results for the period ended June 30, 2026.
Tiraboschi framed the platform work in the context of commissioned research: “This trajectory is consistent with the findings of a new research carried out by the Economist Group: as mobility evolves, safety and trust in technology are becoming increasingly critical. The vehicle corner will be one of the main areas of innovation in software-defined vehicles. Brembo is well positioned to lead this evolution, extending its leadership in braking systems to include intelligent vehicle control.”
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