German industrial giant Thyssenkrupp cut its fiscal 2026 sales growth guidance to a range of minus 3% to 0%, despite reporting a 32% surge in order intake. The company posted adjusted earnings and revenue that beat expectations for its second quarter, highlighting a mixed performance.

Order growth was propelled by a strong showing from its marine systems division, which offset weakness elsewhere. While the top-line guidance was lowered, the robust order book suggests future revenue potential if conversion rates hold.

Net profit for the quarter collapsed to €1 million from €155 million a year earlier, reflecting significant cost pressures or one-time items. Sales fell 2% to €8.38 billion but still exceeded analyst forecasts, indicating better-than-feared operational execution amid a challenging environment.

Investors are left weighing the disconnect between booming orders and cautious sales outlook. The guidance cut implies the company expects pricing pressures or demand softness to erode revenue despite a full pipeline, a concern for stakeholders monitoring its industrial turnaround.