===== SIDA 1 ===== — ZURICH, SWITZERLAND, JULY 16, 2026 Q2 2026 results Record-high orders, strong operational execution and value creation through M&A • Orders $12,042 million, +30%; comparable1 +28% • Revenues $9,475 million, +14%; comparable1 +12% • Income from operations $1,585 million; margin 16.7% • Operational EBITA1 $1,925 million; margin1 20.2% • Basic EPS $0.68; +8%2 • Cash flow from operating activities $1,150 million; +9% • Return on Capital Employed1 28.4% — “Q2 reflects the strength of ABB’s performance and position at the core of electrification and automation megatrends. With the acquisition of Rotork, we expect to create further value by expanding our automation portfolio.” Morten Wierod, CEO KEY FIGURES CHANGE CHANGE ($ millions, unless otherwise indicated) Q2 2026 Q2 2025 US$ Comparable1 H1 2026 H1 2025 US$ Comparable1 Orders 12,042 9,254 30% 28% 23,340 17,843 31% 26% Revenues 9,475 8,295 14% 12% 18,209 15,677 16% 12% Gross Profit 3,793 3,362 13% 7,233 6,484 12% as % of revenues 40.0% 40.5% -0.5 pts 39.7% 41.4% -1.7 pts Income from operations 1,585 1,466 8% 3,365 2,940 14% Operational EBITA1 1,925 1,598 20% 18% 3 3,974 3,093 28% 23% 3 as % of operational revenues1 20.2% 19.3% +0.9 pts 21.8% 19.8% +2 pts Income from continuing operations, net of tax 1,218 1,113 9% 2,569 2,168 18% Net income attributable to ABB 1,231 1,151 7% 2,555 2,253 13% Basic earnings per share ($) 0.68 0.63 8%2 1.41 1.23 14%2 Cash flow from operating activities 1,150 1,059 9% 2,179 1,743 25% Cash flow from operating activities in continuing operations 1,303 971 34% 2,315 1,579 47% Free cash flow1 881 845 4% 2,131 1,497 42% 1 For a reconciliation of alternative performance measures, see “supplemental reconciliations and definitions” in the attached Q2 2026 Financial Information. 2 EPS growth rates are computed using unrounded amounts. 3 Constant currency (not adjusted for portfolio changes). Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange Q2 2026 FIRST SIX MONTHS PRESS RELEASE ===== SIDA 2 ===== AB B IN TE RIM RE P ORT I Q2 20 26 2 Our second quarter results reflect high demand in the majority of our customer segments, strong execution and solid cash flow. In my view, we show great overall progress and I want to acknowledge the commitment from the ABB team. We achieved a new record-high order intake of $12 billion. It was good to see the quarter developing according to plan with strong comparable revenue growth of 12% and an Operational EBITA margin increase of 90 basis points to 20.2%. In total, we improved Operational EBITA by 20% and Earnings per share by 8%. The strong earnings increase combined with disciplined Trade net working capital management contributed to Free cash flow of $881 million. We are tracking well towards improved annual Free cash flow in 2026. The combined technology strengths of our business areas – the Power of ABB – were exemplified by Motion and Automation. They extended the partnership with VoltaGrid, a US-based microgrid power generation company. Under this agreement, Motion will supply their industry-leading synchronous condensers with flywheel technology that act like shock absorbers for the grid to keep electricity stable. These go alongside associated prefabricated eHouse units delivered by Automation, including their leading electrical distribution panels for low voltage and medium voltage distribution, variable frequency converters and PLCs for power control. These systems act as critical stabilization assets within VoltaGrid’s behind-the-meter power solutions, enabling the voltage stability required by next- generation AI chips. We are at the forefront of medium voltage technology. It is good to see Electrification strengthening our position further by introducing HiPerGuard 34.5kV, a new version of its market breakthrough medium voltage UPS (Uninterrupted Power Supply). This enables data centers to connect directly to the grid without voltage conversion, cutting conversion energy losses and reducing infrastructure complexity. With this latest innovation, HiPerGuard's microgrid-ready architecture enables flexible integration of battery storage, gas turbines, and renewables with grid support and peak shaving capabilities. ABB is positioned at the core of secular electrification and automation trends. To remain a reliable supplier and support long-term organic growth we will invest approximately $200 million in our medium-voltage manufacturing capabilities across Europe over the next three years. This will expand our production capacity, accelerate the transition to next-generation technologies for power distribution and strengthen supply for customers that are modernizing their power infrastructure. Additional capital allocation decisions include the three recently announced acquisitions which combined would add approximately 3.5% to 2025 revenues. The largest being the offer to acquire Rotork plc (“Rotork”), representing an important step to expand the ABB Automation portfolio. Adding actuators and building on ABB’s broad market reach will further strengthen our competitive position and enhance ability to support our customers through increasingly digital, connected and autonomous solutions across energy and process industries. Some of the customer benefits with electric actuators are the higher precision and accuracy in control of position, speed and force, they are energy efficient as they consume power only in the actual movement and they facilitate a higher level of digital diagnostics. In our view, there is a strong strategic fit between Rotork and the ABB purpose and our leading position in electrification and automation. This deal will bring together two businesses with highly complementary technology portfolios and similar customer relationships, geographic footprints and strong installed bases. The offer of 503 pence per share – representing a total cash deal of ∼$5.5 billion – is recommended by the Rotork Board of Directors. There would be an immediate positive impact on the ABB Operational EBITA margin and it should be EPS accretive in the second year after integration. From a funding perspective, we would redeploy the expected ∼$4.8 billion in net cash proceeds from the divestment of ABB Robotics, anticipated to be completed in the second half of 2026. Consequently, our balance sheet remains strong – Net debt/EBITDA of 0.3 at end of the second quarter – leaving headroom for additional acquisitions and utilization of the share buyback program of up to $2 billion. Morten Wierod CEO In the third quarter of 2026, we expect a low- to mid-teens growth in comparable revenues, year- on-year. The Operational EBITA margin should show sequential improvement from the second quarter. In full-year 2026, we expect a positive book-to-bill, and a low double-digit to low-teens growth in comparable revenues, year-on-year. The Operational EBITA margin should improve year-on-year, even when excluding the real estate gain in the first quarter of 2026. CEO summary Outlook ===== SIDA 3 ===== AB B IN TE RIM RE P ORT I Q2 20 26 3 A strong performance in a favorable market environment drove order intake to a new quarterly all-time-high level of $12,042 million. Strong order growth of 30% (28% comparable) was underpinned by sustained customer investments across the secular megatrends of energy expansion, energy efficiency, and energy resilience — areas where ABB's portfolio is well positioned to deliver. Both the Electrification and Motion business areas recorded surging order improvements of 60% (58% comparable) and 23% (20% comparable), respectively. In contrast, orders in the Automation business area declined by 13% (14% comparable) as the current quarter’s general robust order activity still did not meet last year’s very high level, which was supported by a large order booking of approximately $600 million. Revenues were record-high but orders even stronger, leaving the book-to-bill at 1.27, supported by a positive development in all three business areas. The order backlog amounted to $30,007 million, up 27% (28% comparable) year-on-year. All regions improved orders at a double-digit rate. Americas was up by 53% (52% comparable), led by growth in the United States of 62% (62% comparable). Europe increased by 16% (12% comparable) with strong growth in several large countries. Asia, Middle East and Africa was up 13% (12% comparable) including an increase of 17% (10% comparable) in China. Transport-linked demand continued to be strong, although quarterly marine orders declined against last year’s very high comparable. Rail continued its strong trend. Demand for land-based infrastructure benefited from upgrades of electrical equipment in airports, tunnels etc. In the industrial space, data center order growth was exceptional. Quarterly orders in the utilities segment remained stable on last year’s high comparable, with grid investment need remaining tangible as aging assets require upgrades to not only mitigate outage risks, but to also meet the accelerating power demands. The buildings segment improved, driven by commercial investments in the United States and Europe, offsetting broad weakness in the residential area. Orders in the machine builder segment increased sharply although volumes remain low at pre-covid levels. Sentiment in the oil & gas segment remained solid, although orders declined due to timing impacts. Activity increased among nuclear customers. Mining orders remained broadly stable in a generally capex-muted market environment. New all-time-high revenues amounted to $9,475 million, up 14% (12% comparable) year-on-year. A well-functioning supply chain supports deliveries from the order backlog as well as a strong short-cycle demand. Higher volumes was the key growth driver, with added support from a positive pricing of close to 2%. Favorable changes in exchange rates contributed 2%. Growth Q2 Q2 Change year-on-year Orders Revenues Comparable 28% 12% FX 2% 2% Portfolio changes 0% 0% Total 30% 14% Orders by region ($ in millions, unless otherwise indicated) CHANGE Q2 2026 Q2 2025 US$ Comparable Europe 3,360 2,903 16% 12% The Americas 5,728 3,746 53% 52% Asia, Middle East and Africa 2,954 2,605 13% 12% ABB Group 12,042 9,254 30% 28% Revenues by region ($ in millions, unless otherwise indicated) CHANGE Q2 2026 Q2 2025 US$ Comparable Europe 2,994 2,793 7% 3% The Americas 3,788 3,146 20% 19% Asia, Middle East and Africa 2,693 2,356 14% 13% ABB Group 9,475 8,295 14% 12% Orders and revenues ===== SIDA 4 ===== AB B IN TE RIM RE P ORT I Q2 20 26 4 Gross profit Gross profit increased by 13% (10% local currencies) year-on- year to $3,793 million, reflecting a gross margin of 40.0%, down 50 basis points. The gross margin decline was primarily due to the impact from unrealized FX and commodity derivatives. This hampered the gross margin in two out of three business areas. Income from operations Income from operations amounted to $1,585 million, increasing 8% from last year and reflecting a margin of 16.7%, down 100 basis points. The increase in Income from operations was driven primarily by strong operational performance, partially offset by approximately $60 million increased expenses linked to mark-to-market of unrealized FX and commodity derivatives. Additional adverse impacts include certain non-operational items of approximately $100 million in provisions for unasserted legacy claims and remediations, as well as an expense of approximately $30 million related to fair value adjustment of an equity investment. Operational EBITA Operational EBITA increased by 20% (18% in local currencies) to $1,925 million, representing a margin of 20.2%. The margin improved by 90 basis points year-on-year, driven by improvements in two out of three business areas as well as by lower losses in the E-mobility business. The higher business result was primarily due to operational leverage on higher volumes, which combined with positive pricing more than offset the higher expenses related to commodities and tariffs, Research and Development (R&D) and Selling, general & administrative (SG&A). SG&A declined in relation to revenues to 18.2% from last year’s 20.1%. Operational EBITA in Corporate and other amounted to -$127 million, consistent with last year’s loss of $130 million. This is the total of underlying Corporate costs of $109 million which includes Stranded costs of $25 million, and a loss of $18 million in the E-mobility business. Finance net Net finance income contributed $32 million to results, slightly less compared with last year’s $35 million. Income tax Income tax expense was $416 million and effective tax rate 25.5%. Net income and earnings per share Net income attributable to ABB was $1,231 million, up 7% year- on-year, with the key driver being contribution from improved business performance which more than compensated for certain higher non-operational items. Basic earnings per share increased by 8% to $0.68, up from $0.63 last year. Earnings Corporate and Other Operational EBITA ($ in millions) Q2 2026 Q2 2025 Corporate and Other E-mobility (18) (42) Stranded corporate costs (25) (33) Corporate costs, intersegment eliminations and other1 (84) (55) Total (127) (130) 1 Majority of which relates to underlying corporate ===== SIDA 5 ===== AB B IN TE RIM RE P ORT I Q2 20 26 5 Trade net working capital1 Trade net working capital amounted to $4,327 million and declined year-on-year from $4,646 million. The increase in inventories and receivables was more than compensated for by higher increases in payables and customer advances. The average trade net working capital as a percentage of revenues1 was 11.9%, a reduction from 13.8% one year ago. Capital expenditures Purchases of property, plant and equipment and intangible assets for continuing operations during the second quarter amounted to $236 million, representing a somewhat higher spend in buildout to meet demand, compared with last year’s $202 million. For ABB Group, the total cash outflow on a combined basis amounted to $294 million, higher than last year’s $224 million. Net debt Net debt1 amounted to $2,320 million at the end of the quarter. This represents a decline from last year’s level of $3,694 million and a slight sequential increase from $2,268 million in the first quarter. Cash flows Cash flow from operating activities during the second quarter was $1,150 million, an increase of 9% from last year’s $1,059 million. Contribution to the strong cash flow derived from an improvement in Continuing operations, supported by stronger earnings, year-on-year. Free cash flow amounted to $881 million, just above last year’s $845 million. Share buyback program A share buyback program of up to $2 billion was launched on February 9, 2026. During the second quarter, ABB repurchased a total of 1,528,217 shares for a total amount of approximately $147 million. At the end of the second quarter, ABB’s total number of issued shares including shares held in treasury, amounted to 1,823,154,373. Balance sheet & Cash flow ($ in millions, unless otherwise indicated) Jun. 30 2026 Jun. 30 2025 Dec. 31 2025 Short-term debt and current maturities of long-term debt 1,610 557 475 Long-term debt 6,567 8,249 7,829 Total debt 8,177 8,806 8,304 Cash & equivalents 3,867 3,266 4,640 Marketable securities and short-term investments 1,990 1,846 1,981 Cash and marketable securities 5,857 5,112 6,621 Net debt (cash) 2,320 3,694 1,683 Net debt (cash) to EBITDA ratio 0.3 0.6 0.3 Net debt (cash) to Equity ratio 0.14 0.25 0.10 ===== SIDA 6 ===== AB B IN TE RIM RE P ORT I Q2 20 26 6 Orders and revenues Demand advanced from an already strong trajectory, and for the first time order intake surpassed the $7 billion mark. At $7,231 million, orders improved by 60% (58% comparable), reflecting a strong underlying market with no indications of pre-ordering. • Orders improved at a strong double-digit rate in both short-cycle and project businesses. Our resilient supply chain supports consistent delivery performance. • Market sentiment is strong in all major segments. Rapidly expanding investments in data center build-out remained a primary catalyst, driving exceptional triple- digit growth in the segment. In the utility market, the underlying demand and long-term investment need remained strong, although order growth was limited against the high prior-year comparable. The buildings segment improved driven by the commercial area in the United States and Europe. Orders aimed at modernizing electrical infrastructure for land-based transport maintained a strong trend. • The Americas increased by 114% (114% comparable). Europe was up by 19% (16% comparable). Asia, Middle East and Africa improved by 21% (20% comparable) including 20% (14% comparable) in China. • Revenues increased by 20% (19% comparable) to $5,200 million, equally supported by strong improvement in both the short-cycle and project businesses. Majority of the growth was due to higher volumes, but also from a solid price contribution. Changes in exchange rates added 2%. Profit Strong increase of 26% (23% in local currencies) in Operational EBITA to $1,301 million, representing a margin improvement of 100 basis points to 24.9%. • Gross margin declined by 140 basis points. Almost half the decline was due to the impact from unrealized FX and commodities derivatives. As expected, there was also some pressure from the price/cost gap as pricing did not yet fully offset higher input expenses for raw materials. • Increase in Operational EBITA margin was supported by operational leverage on higher volumes, operational efficiency improvements and stringent management of SG&A expenses which declined in relation to revenues. — Electrification CHANGE CHANGE ($ millions, unless otherwise indicated) Q2 2026 Q2 2025 US$ Comparable H1 2026 H1 2025 US$ Comparable Orders 7,231 4,518 60% 58% 13,878 8,912 56% 51% Order backlog 13,676 8,685 57% 59% 13,676 8,685 57% 59% Revenues 5,200 4,331 20% 19% 9,813 8,156 20% 17% Gross Profit 2,097 1,807 16% 3,948 3,445 15% as % of revenues 40.3% 41.7% -1.4 pts 40.2% 42.2% -2 pts Operational EBITA 1,301 1,033 26% 2,406 1,919 25% as % of operational revenues 24.9% 23.9% +1 pts 24.5% 23.6% +0.9 pts Cash flow from operating activities 1,253 956 31% 2,264 1,477 53% No. of employees (FTE equiv.) 55,800 52,800 6% Growth Q2 Q2 Change year-on-year Orders Revenues Comparable 58% 19% FX 2% 2% Portfolio changes 0% -1% Total 60% 20% Record orders surpassing $7 bn ===== SIDA 7 ===== AB B IN TE RIM RE P ORT I Q2 20 26 7 Orders and revenues A strong development in both the short-cycle and the project businesses offset the usual pattern of lower sequential orders in the second quarter. A new record-high order intake of $2,592 million was achieved, representing an increase of 23% (20% comparable) year-on-year. • Motion’s synchronous condensers with flywheel technology constitute an industry-leading solution, with instant inertia acting like a shock absorber for the grid to keep electricity stable. In the second quarter, a large order of approximately $150 million was recorded. • Along with strong grid investments, there was persistent strength in rail. Positive trend in HVAC for commercial buildings and data center cooling. Strength was noted in food & beverage, marine, mining and low carbon areas like nuclear and wind. Oil & gas remained broadly stable while chemical and pulp & paper demand was soft. • The Americas was up 46% (44% comparable), with strong improvement of 52% (51% comparable) in the United States. Europe increased 15% (9% comparable) and Asia, Middle East and Africa was up 6% (5% comparable), with China at 9% (3% comparable). • Revenues increased by 7% (4% comparable) driven mainly by higher volumes and positive pricing. Portfolio changes added 1% to growth, related to the fairly recent acquisition of Gamesa Electric in Spain. And lastly, favorable changes in exchanges rates added 2%. Profit Operational EBITA remained virtually stable at $413 million, with a margin decline of 130 basis points to 18.5%, with just more than half of the impact linked to portfolio changes. • Gross margin drop of 120 basis points was primarily due to the impacts from weak performance in the Gamesa acquisition and unrealized FX and commodities derivatives. • Operational EBITA margin was positively impacted by operational leverage on comparable growth. This was more than offset by lower profitability in the High Power division, including 70 basis points linked to the Gamesa acquisition as well as lower profitability in the Traction division due to delayed production volumes. — Motion CHANGE CHANGE ($ millions, unless otherwise indicated) Q2 2026 Q2 2025 US$ Comparable H1 2026 H1 2025 US$ Comparable Orders 2,592 2,112 23% 20% 5,140 4,268 20% 14% Order backlog 6,953 6,102 14% 14% 6,953 6,102 14% 14% Revenues 2,217 2,065 7% 4% 4,359 3,905 12% 5% Gross Profit 820 788 4% 1,591 1,521 5% as % of revenues 37.0% 38.2% -1.2 pts 36.5% 39.0% -2.5 pts Operational EBITA 413 407 1% 811 767 6% as % of operational revenues 18.5% 19.8% -1.3 pts 18.5% 19.7% -1.2 pts Cash flow from operating activities 370 354 5% 676 664 2% No. of employees (FTE equiv.) 23,800 22,600 5% Growth Q2 Q2 Change year-on-year Orders Revenues Comparable 20% 4% FX 3% 2% Portfolio changes 0% 1% Total 23% 7% Strong orders, but pressure on profitability ===== SIDA 8 ===== AB B IN TE RIM RE P ORT I Q2 20 26 8 Orders and revenues Continued investments in higher efficiency and resilience across energy-intensive industries resulted in order intake of $2,454 million, one of the strongest quarters on record. The order backlog increased by 12% (13% comparable) to $10.5 billion. • The underlying market environment remains robust and order intake remained stable from the prior quarter. However, orders declined by 13% (14% comparable) from last year’s very high comparable, which included the extraordinarily large booking of $600 million. • Persistently high customer activity was linked to marine and port automation and electrification. Orders from machine builders increased sharply from last year, and the market has seemingly stabilized, although volumes remain low at a pre-covid level. Customer activity in the oil & gas segment is solid, with softness linked to the Middle-East conflict remaining contained to the local market. Customer activity in the nuclear segment increased. Demand remains softer in the process industry-related markets like pulp & paper and chemicals as well as mining where capex spend to extend existing mines or greenfield projects remains muted. • Revenues amounted to $2,193 million and improved by 9% (7% comparable). Strong backlog execution and a positive trend in both the service and product businesses all contributed to higher revenues. Additional support of 2% related to favorable changes in exchange rates. Profit Operational EBITA improved by 17% (14% in local currencies) to $338 million, reflecting a margin improvement of 120 basis points to 15.4%. • Gross margin softened slightly by 10 basis points due to an adverse mix with a higher share of revenues derived from the project- and system integration business. • While R&D spend increased in relation to revenues, a stringent cost control reduced the SG&A ratio, supporting the improvement in the Operational EBITA margin. • Additional earnings support was derived from a project settlement triggering a provision release of ~$15 million. — Automation CHANGE CHANGE ($ millions, unless otherwise indicated) Q2 2026 Q2 2025 US$ Comparable H1 2026 H1 2025 US$ Comparable Orders 2,454 2,814 -13% -14% 4,918 5,011 -2% -6% Order backlog 10,544 9,450 12% 13% 10,544 9,450 12% 13% Revenues 2,193 2,010 9% 7% 4,340 3,828 13% 8% Gross Profit 835 767 9% 1,629 1,484 10% as % of revenues 38.1% 38.2% -0.1 pts 37.5% 38.8% -1.3 pts Operational EBITA 338 288 17% 649 543 20% as % of operational revenues 15.4% 14.2% +1.2 pts 15.0% 14.2% +0.8 pts Cash flow from operating activities 356 286 24% 649 557 17% No. of employees (FTE equiv.) 26,200 25,900 1% Growth Q2 Q2 Change year-on-year Orders Revenues Comparable -14% 7% FX 1% 2% Portfolio changes 0% 0% Total -13% 9% Robust market; book­to­bill 1.12 ===== SIDA 9 ===== AB B IN TE RIM RE P ORT I Q2 20 26 9 Events from the quarter • Rockwool was able to advance its sustainability agenda and reduce energy consumption and emissions thanks to ABB services and technology. Following an energy appraisal the company upgraded legacy motors to IE4/IE5 SynRM motors with ACS880 drives. The project saves 738 MWh of electricity and avoids 142 tons of CO₂ annually while meeting the customer's payback target, demonstrating how targeted motor modernization can deliver both sustainability and financial value. • ABB modernized the propulsion drives of CoolCo’s nine LNG carriers, extending their operational lifetime by more than 10 years through targeted upgrades rather than full replacement. The project improved fleet reliability and availability while reducing material use, preserving embodied carbon, and demonstrating how lifecycle services can deliver both circularity and business value. • India’s Cochin Shipyard awarded ABB a contract to supply power and propulsion systems for two electric tugs. Due for delivery to Polestar Maritime in 2027 as part of India’s Green Tug Transition Programme (GTTP), the vessels will operate out of India’s largest container port, which accounts for around 50 percent of the total containerized cargo volume across the major ports of the country. The GTTP aims to transition India's harbor tug fleet from conventional diesel-powered vessels to greener alternatives in five phases from 2024 to 2040. • ABB has signed a Memorandum of Understanding with Swedish textile impact company Syre to jointly explore technologies to support the development of Syre’s first textile-to-textile recycling plant in Vietnam aiming to produce circular polyester at industrial scale. With the challenges associated with industrializing textile-to-textile recycling ABB will bring automation, electrification and digital technologies to the project that can contribute to safe, efficient and scalable operations. • ABB also continued to make progress towards its sustainability targets at several of its own sites. In Porvoo, Finland, where ABB manufactures installation products, the company achieved the UL Platinum certification for Zero Waste to Landfill. In addition, further sites in the US qualified for its Mission to Zero program, ABB’s journey to achieve net-zero emissions in our own operations and operate more sustainably, with the addition of electrification manufacturing plants in Florence, South Carolina, and Vega Baja, Puerto Rico. — Sustainability Q2 20264 Q2 20254 CHANGE 12M ROLLING CO₂e own operations emissions, Ktons scope 1 and 21 39 44 -11% 120 Total recordable incident frequency rate (TRIFR), frequency / 1,000,000 working hours 2 1.41 1.44 -2% 1.36 Proportion of women in senior management roles in %3 24.6 23.0 +1.6 pts 23.1 1 CO₂ equivalent emissions from site, energy use, SF₆ and fleet, previous quarter 2 To align with CSRD reporting requirements, we have replaced our primary safety KPI, Lost Time Injury Frequency Rate (LTIFR), with Total Recordable Incident Frequency Rate (TRIFR). This new measure includes all incidents and injuries except first aid cases and near misses, promoting improved system learning, enhanced transparency, and greater openness in reporting. Current quarter Includes all incidents reported until July 7, 2026 3 The above disclosure relates to countries where policies legally permit and to the extent that it does not conflict with any applicable local laws, where ABB operates 4 The above disclosures represent ABB Group incl. Robotics data ===== SIDA 10 ===== AB B IN TE RIM RE P ORT I Q2 20 26 10 During Q2 2026 • On April 30, 2026, ABB announced it had cancelled shares during the month. As authorized under the company’s capital band, ABB’s Board of Directors resolved to cancel 20,744,831 shares of ABB Ltd repurchased under ABB’s 2025 share buyback program. The new total number of issued shares and votes of ABB Ltd after cancellation was 1,823,154,373, compared with 1,843,899,204 before cancellation. As of April 29, 2026, the company’s holding of own shares amounted to 7,576,598, which corresponded to 0.42 percent of the total number of issued shares in the company. This included 3,445,104 shares purchased for capital reduction. • On May 11, 2026, ABB announced it is investing around $200 million in its medium-voltage manufacturing capabilities across Europe over the next three years. This is to expand production capacity, accelerate the transition to next-generation technologies for power distribution and strengthen supply for customers that are modernizing their power infrastructure. This includes utilities, industry, and rapidly growing data center markets. After Q2 2026 • On July 16, 2026, ABB announced that it has agreed with Rotork, a well-established provider of mission- critical intelligent flow control solutions and a leading independent manufacturer of electric actuators, the terms of a recommended cash offer for the entire issued and to be issued share capital of Rotork. The transaction is expected to further strengthen ABB’s focus on electrification and automation and expand its Automation business area’s offering for large and complex infrastructure and industries. Under the terms of the offer, each Rotork shareholder would be entitled to receive 503 pence in cash per Rotork share. Rotork shareholders will also be entitled to receive an interim dividend for the period to June 30, 2026 of up to 3 pence per Rotork share. Rotork is expected to add 3% to ABB’s revenues with immediate accretion to Operational EBITA margin. The transaction is expected to close in the first half of 2027 and is subject to shareholder vote and customary regulatory approvals. Order intake increased 31% (26% comparable) year-on- year to $23,340 million. A positive market environment supported customer activity in all three business areas. While orders in the Electrification and Motion business areas increased at a double-digit rate, orders in the Automation business area declined against a high comparable. There was a positive development across most customer segments, led by particular strength in data centers, ports, utilities and land-based infrastructure such as tunnels and airports, which benefited from electrical upgrades. Marine market is persistently strong, although orders declined against a high comparable. On the muted side, there were the process industry-related areas such as pulp & paper, chemicals and mining. Revenues improved by 16% (12% comparable) to $18,209 million supported by a positive development across the project, service and short-cycle businesses. Revenues were at an all-time-high, but orders were even higher, resulting in a book-to-bill 1.28. The order backlog amounted to $30.0 billion, up by 27% (28% comparable), year-on-year. Income from operations amounted to $3,365 million, up 14% year-on-year, resulting in a margin of 18.5%. The increase was mainly driven by the positive impacts from improved operational business performance, with further support from a higher contribution related to a real estate sale. Combined, these impacts more than offset adverse impacts from unrealized FX and commodity derivatives, from provisions for certain legacy claims and remediations of approximately $100 million as well as fair value adjustments on equity investments. Operational EBITA increased by 28% to $3,974 million. The higher result was primarily due to the improved business performance. Moreover, an operational net gain of $377 million relating to a real estate sale in Corporate and Other had a positive impact. The Operational EBITA margin improved by 200 basis points to 21.8% with the main drivers being operating leverage on higher volumes, positive pricing, improved operational efficiency and the real estate sale. Corporate and other Operational EBITA contributed with $108 million. This includes the benefit of $377 million from the real estate sale, a loss of $65 million attributed to the E-mobility business and Stranded costs of $51 million linked to the ongoing divestment of the Robotics business. Net finance contributed to results with $52 million, similar to last year’s income of $46 million. Income tax expense was $883 million reflecting a tax rate of 25.6%. Net income attributable to ABB was $2,555 million, up from $2,253 million in the prior year period. Basic earnings per share was $1.41, representing an increase of 14%. Significant events First six months of 2026 ===== SIDA 11 ===== AB B IN TE RIM RE P ORT I Q2 20 26 11 ABB Group Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 EBITDA, $ in million 1,660 1,668 1,806 1,726 6,860 1,990 1,805 Return on Capital Employed, % 24.4 24.5 24.8 25.3 25.3 27.2 28.4 Net debt/Equity 0.10 0.25 0.17 0.10 0.10 0.15 0.14 Net debt/ EBITDA 12M rolling 0.3 0.6 0.4 0.3 0.3 0.3 0.3 Net working capital 3,037 3,423 2,993 2,372 2,372 2,705 3,046 Trade net working capital 4,222 4,646 4,433 4,059 4,059 4,017 4,327 Average trade net working capital as a % of revenues 14.1% 13.8% 13.5% 13.0% 13.0% 12.5% 11.9% Earnings per share, basic, $ 0.60 0.63 0.66 0.70 2.59 0.73 0.68 Earnings per share, diluted, $ 0.60 0.63 0.66 0.70 2.59 0.73 0.68 Dividend per share, CHF n.a. n.a. n.a. n.a. 0.94 n.a. n.a. Share price at the end of period, CHF 45.22 47.31 57.32 59.22 59.22 63.24 87.58 Number of employees (FTE equivalents) 110,100 110,900 110,700 111,900 111,900 112,700 114,800 No. of shares outstanding at end of period (in millions) 1,833 1,826 1,822 1,818 1,818 1,814 1,815 Additional figures Additional 2026 guidance 1 Excludes one project estimated to a total of ~$100 million, that is ongoing in the non-core business. Exact exit timing is difficult to assess due to legal proceedings etc. 2 Excludes Operational EBITA from E-mobility business; and includes the real estate gain of $377 million in Q1 2026 3 Excludes the impact of acquisitions or divestments or any significant non-operational items 4 Framework assumes stranded cost for the full year. Closing of Robotics divestment expected in the second half of the year, as earlier announced ABB based on discontinued operations structure ($ in millions, unless otherwise stated) FY 20261 Q3 2026 Corporate and Other Operational EBITA2 ~(100) ~(125) of which stranded costs4 ~(100) ~(25) Non-operating items Acquisition-related amortization ~(195) ~(50) Separation and integration ~(75) ~(25) from ~(60) Restructuring and related and Business transformation ~(200) ~(50) ($ in millions, unless otherwise stated) FY 2026 Finance net ~150 Effective tax rate ~25% 3 Capital Expenditure ~(1,000) Key acquisitions and divestments, last twelve months Acquisitions Company/unit Closing date Revenues, $ in millions1 No. of employees 2026 Electrification Netcontrol Oy 4-May ∼24 109 Electrification IPEC Ltd. 1-Apr ∼28 58 Electrification Premium Power 2-Mar ∼9 40 2025 Motion Gamesa Electric power electronics (Spain) 1-Dec ∼170 400 Motion Brightloop S.A.S. 1-Oct ∼18 80 Divestments Company/unit Closing date Revenues, $ in millions1 No. of employees 2025 E-mobility ChargeDot, 60% sale 1-Dec ∼60 total Co. 320 total Co. 2024 E-mobility InCharge Energy Inc (share transfer) 30-Nov ∼100 n.a. Electrification Part of ELIP cable tray business to JV 1-Nov ∼65 110 Note: comparable growth calculation includes acquisitions and divestments with revenues of greater than $50 million. 1 Represents the estimated revenues for the last fiscal year prior to the announcement of the respective acquisition/divestment unless otherwise stated. ===== SIDA 12 ===== AB B IN TE RIM RE P ORT I Q2 20 26 12 This press release includes forward-looking information and statements as well as other statements concerning the outlook for our business, including those in the sections of this release titled “CEO summary,” “Outlook,” “Sustainability” “Significant events” and “Additional 2026 guidance”. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions and the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as “anticipates,” “expects,” “estimates,” “intends,” “plans,” “targets,” “guidance,” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. These include, among others, business risks associated with the volatile global economic environment and political conditions, market acceptance of new products and services, changes in governmental regulations and currency exchange rates. Although ABB Ltd believes that its expectations reflected in any such forward looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. The Q2 2026 results press release and presentation slides are available on the ABB News Center at www.abb.com/news and on the Investor Relations homepage at www.abb.com/investorrelations. A conference call and webcast for analysts and investors is scheduled to begin at 10:00 a.m. CET. To join the webcast, please refer to the ABB website: www.abb.com/investorrelations. The recorded session will be available after the event on ABB’s website. Important notice about forward-looking information For additional information please contact: Media Relations Phone: +41 43 317 71 11 Email: media.relations@ch.abb.com Investor Relations Phone: +41 43 317 71 11 Email: investor.relations@ch.abb.com ABB Ltd Affolternstrasse 44 8050 Zurich Switzerland Q2 results presentation on July 16, 2026 ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com Financial calendar 2026 September 24 Webcast on ABB portfolio of Direct Current technology solutions for high-power data centers October 20 Q3 2026 results 2027 January 28 Q4 2026 results April 20 Q1 2027 results July 21 Q2 2027 results October 19 Q3 2027 results ===== SIDA 13 ===== 1 Q2 2026 FINANCIAL INFORMATION July 16, 2026 Q2 2026 Financial Information ===== SIDA 14 ===== 2 Q2 2026 FINANCIAL INFORMATION FINANCIAL INFORMATION Contents 03 ─ 07 Key Figures 08 ─ 32 Consolidated Financial Information (unaudited) 33 ─ 48 Supplemental Reconciliations and Definitions ===== SIDA 15 ===== 3 Q2 2026 FINANCIAL INFORMATION — Key Figures CHANGE ($ in millions, unless otherwise indicated) Q2 2026 Q2 2025 US$ Comparable(1) Orders 12,042 9,254 30% 28% Order backlog (end June) 30,007 23,670 27% 28% Revenues 9,475 8,295 14% 12% Gross Profit 3,793 3,362 13% as % of revenues 40.0% 40.5% -0.5 pts Income from operations 1,585 1,466 8% Operational EBITA(1) 1,925 1,598 20% 18%(2) as % of operational revenues(1) 20.2% 19.3% +0.9 pts Income from continuing operations, net of tax 1,218 1,113 9% Net income attributable to ABB 1,231 1,151 7% Basic earnings per share ($) 0.68 0.63 8%(3) Cash flow from operating activities 1,150 1,059 9% Free cash flow(1) 881 845 4% CHANGE ($ in millions, unless otherwise indicated) H1 2026 H1 2025 US$ Comparable(1) Orders 23,340 17,843 31% 26% Revenues 18,209 15,677 16% 12% Gross Profit 7,233 6,484 12% as % of revenues 39.7% 41.4% -1.7 pts Income from operations 3,365 2,940 14% Operational EBITA(1) 3,974 3,093 28% 23%(2) as % of operational revenues(1) 21.8% 19.8% +2 pts Income from continuing operations, net of tax 2,569 2,168 18% Net income attributable to ABB 2,555 2,253 13% Basic earnings per share ($) 1.41 1.23 14%(3) Cash flow from operating activities 2,179 1,743 25% Free cash flow(1) 2,131 1,497 42% (1) For a reconciliation of alternative performance measures see “ Supplemental Reconciliations and Definitions ” on page 33. (2) Constant currency (not adjusted for portfolio changes). (3) EPS growth rates are computed using unrounded amounts. ===== SIDA 16 ===== 4 Q2 2026 FINANCIAL INFORMATION CHANGE ($ in millions, unless otherwise indicated) Q2 2026 Q2 2025 US$ Local Comparable Orders ABB Group 12,042 9,254 30% 28% 28% Electrification 7,231 4,518 60% 58% 58% Motion 2,592 2,112 23% 20% 20% Automation 2,454 2,814 -13% -14% -14% Corporate and Other 79 110 Intersegment eliminations (314) (300) Order backlog (end June) ABB Group 30,007 23,670 27% 28% 28% Electrification 13,676 8,685 57% 59% 59% Motion 6,953 6,102 14% 16% 14% Automation 10,544 9,450 12% 13% 13% Corporate and Other (incl. intersegment eliminations) (1,166) (567) Revenues ABB Group 9,475 8,295 14% 12% 12% Electrification 5,200 4,331 20% 18% 19% Motion 2,217 2,065 7% 5% 4% Automation 2,193 2,010 9% 7% 7% Corporate and Other 117 107 Intersegment eliminations (252) (218) Income from operations ABB Group 1,585 1,466 Electrification 1,172 990 Motion 376 393 Automation 327 266 Corporate and Other (incl. intersegment eliminations) (290) (183) Income from operations % ABB Group 16.7% 17.7% Electrification 22.5% 22.9% Motion 17.0% 19.0% Automation 14.9% 13.2% Operational EBITA ABB Group 1,925 1,598 20% 18% Electrification 1,301 1,033 26% 23% Motion 413 407 1% -1% Automation 338 288 17% 14% Corporate and Other(1) (incl. intersegment eliminations) (127) (130) Operational EBITA % ABB Group 20.2% 19.3% Electrification 24.9% 23.9% Motion 18.5% 19.8% Automation 15.4% 14.2% Cash flow from operating activities ABB Group 1,150 1,059 Electrification 1,253 956 Motion 370 354 Automation 356 286 Corporate and Other (incl. intersegment eliminations) (676) (625) Discontinued operations (153) 88 (1) Corporate and Other at Q2 2026 and Q2 2025 includes Stranded corporate costs of $25 million and $33 million, respectively. ===== SIDA 17 ===== 5 Q2 2026 FINANCIAL INFORMATION CHANGE ($ in millions, unless otherwise indicated) H1 2026 H1 2025 US$ Local Comparable Orders ABB Group 23,340 17,843 31% 27% 26% Electrification 13,878 8,912 56% 51% 51% Motion 5,140 4,268 20% 16% 14% Automation 4,918 5,011 -2% -6% -6% Corporate and Other 151 238 Intersegment eliminations (747) (586) Order backlog (end June) ABB Group 30,007 23,670 27% 28% 28% Electrification 13,676 8,685 57% 59% 59% Motion 6,953 6,102 14% 16% 14% Automation 10,544 9,450 12% 13% 13% Corporate and Other (incl. intersegment eliminations) (1,166) (567) Revenues ABB Group 18,209 15,677 16% 12% 12% Electrification 9,813 8,156 20% 17% 17% Motion 4,359 3,905 12% 8% 5% Automation 4,340 3,828 13% 8% 8% Corporate and Other 205 203 Intersegment eliminations (508) (415) Income from operations ABB Group 3,365 2,940 Electrification 2,141 1,912 Motion 687 754 Automation 614 521 Corporate and Other (incl. intersegment eliminations) (77) (247) Income from operations % ABB Group 18.5% 18.8% Electrification 21.8% 23.4% Motion 15.8% 19.3% Automation 14.1% 13.6% Operational EBITA ABB Group 3,974 3,093 28% 23% Electrification 2,406 1,919 25% 20% Motion 811 767 6% 1% Automation 649 543 20% 13% Corporate and Other(1) (incl. intersegment eliminations) 108 (136) Operational EBITA % ABB Group 21.8% 19.8% Electrification 24.5% 23.6% Motion 18.5% 19.7% Automation 15.0% 14.2% Cash flow from operating activities ABB Group 2,179 1,743 Electrification 2,264 1,477 Motion 676 664 Automation 649 557 Corporate and Other (incl. intersegment eliminations) (1,274) (1,119) Discontinued operations (136) 164 (1) Corporate and Other at H1 2026 and H1 2025 includes Stranded corporate costs of $51 million and $62 million, respectively. ===== SIDA 18 ===== 6 Q2 2026 FINANCIAL INFORMATION Operational EBITA ABB Electrification Motion Automation ($ in millions, unless otherwise indicated) Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Revenues 9,475 8,295 5,200 4,331 2,217 2,065 2,193 2,010 Foreign exchange/commodity timing differences in total revenues 45 1 23 (8) 18 (8) 8 18 Operational revenues 9,520 8,296 5,223 4,323 2,235 2,057 2,201 2,028 Income from operations 1,585 1,466 1,172 990 376 393 327 266 Acquisition-related amortization 51 48 27 29 15 9 9 9 Restructuring, related and implementation costs(1) 16 7 4 4 3 5 6 1 Changes in obligations related to divested businesses – (2) – – – – – – Gains and losses from sale of businesses (5) (1) (2) (2) – – (9) – Acquisition- and divestment-related expenses and integration costs 23 19 17 9 2 1 3 4 Certain other non-operational items 171 38 7 2 3 4 2 – Foreign exchange/commodity timing differences in income from operations 84 23 76 1 14 (5) – 8 Operational EBITA 1,925 1,598 1,301 1,033 413 407 338 288 Operational EBITA margin (%) 20.2% 19.3% 24.9% 23.9% 18.5% 19.8% 15.4% 14.2% ABB Electrification Motion Automation ($ in millions, unless otherwise indicated) H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 Revenues 18,209 15,677 9,813 8,156 4,359 3,905 4,340 3,828 Foreign exchange/commodity timing differences in total revenues 24 (24) 23 (13) 22 (11) (17) 1 Operational revenues 18,233 15,653 9,836 8,143 4,381 3,894 4,323 3,829 Income from operations 3,365 2,940 2,141 1,912 687 754 614 521 Acquisition-related amortization 98 91 54 55 26 18 18 17 Restructuring, related and implementation costs(1) 64 20 30 10 10 7 19 5 Changes in obligations related to divested businesses (5) (3) – – – – – – Gains and losses from sale of businesses (7) (12) (2) (13) – – (9) – Acquisition- and divestment-related expenses and integration costs 35 27 24 19 4 2 5 5 Certain other non-operational items 252 58 13 (29) 49 10 7 (2) Foreign exchange/commodity timing differences in income from operations 172 (28) 146 (35) 35 (24) (5) (3) Operational EBITA 3,974 3,093 2,406 1,919 811 767 649 543 Operational EBITA margin (%) 21.8% 19.8% 24.5% 23.6% 18.5% 19.7% 15.0% 14.2% (1) Includes impairment of certain assets. ===== SIDA 19 ===== 7 Q2 2026 FINANCIAL INFORMATION Depreciation and Amortization ABB Electrification Motion Automation ($ in millions) Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Depreciation 155 141 88 76 33 32 20 18 Amortization 65 61 35 36 18 11 11 10 including total acquisition-related amortization of: 51 48 27 29 15 9 9 9 ABB Electrification Motion Automation ($ in millions) H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 Depreciation 305 272 174 147 66 63 39 36 Amortization 125 116 68 68 32 22 22 20 including total acquisition-related amortization of: 98 91 54 55 26 18 18 17 Orders received and Revenues by region Orders received CHANGE Revenues CHANGE ($ in millions, unless otherwise indicated) Com- Com- Q2 26 Q2 25 US$ Local parable Q2 26 Q2 25 US$ Local parable Europe 3,360 2,903 16% 12% 12% 2,994 2,793 7% 4% 3% The Americas 5,728 3,746 53% 52% 52% 3,788 3,146 20% 19% 19% of which United States 4,917 3,027 62% 62% 62% 3,047 2,444 25% 25% 24% Asia, Middle East and Africa 2,954 2,605 13% 12% 12% 2,693 2,356 14% 13% 13% of which China 1,133 972 17% 10% 10% 1,081 937 15% 9% 10% ABB Group 12,042 9,254 30% 28% 28% 9,475 8,295 14% 12% 12% Orders received CHANGE Revenues CHANGE ($ in millions, unless otherwise indicated) Com- Com- H1 26 H1 25 US$ Local parable H1 26 H1 25 US$ Local parable Europe 7,115 5,880 21% 13% 12% 5,986 5,341 12% 5% 3% The Americas 10,312 6,757 53% 51% 50% 7,179 5,956 21% 19% 19% of which United States 8,770 5,293 66% 65% 64% 5,743 4,641 24% 23% 23% Asia, Middle East and Africa 5,913 5,206 14% 12% 11% 5,044 4,380 15% 13% 13% of which China 2,285 2,029 13% 7% 6% 2,030 1,746 16% 10% 10% ABB Group 23,340 17,843 31% 27% 26% 18,209 15,677 16% 12% 12% ===== SIDA 20 ===== 8 Q2 2026 FINANCIAL INFORMATION — Consolidated Financial Information ABB Ltd Consolidated Income Statements (unaudited) Six months ended Three months ended ($ in millions, except per share data in $) Jun. 30, 2026 Jun. 30, 2025 Jun. 30, 2026 Jun. 30, 2025 Sales of products 15,323 13,065 7,984 6,909 Sales of services and other 2,886 2,612 1,491 1,386 Total revenues 18,209 15,677 9,475 8,295 Cost of sales of products (9,425) (7,773) (4,919) (4,185) Cost of services and other (1,551) (1,420) (763) (748) Total cost of sales (10,976) (9,193) (5,682) (4,933) Gross profit 7,233 6,484 3,793 3,362 Selling, general and administrative expenses (3,400) (3,205) (1,725) (1,671) Non-order related research and development expenses (704) (623) (371) (320) Other income (expense), net 236 284 (112) 95 Income from operations 3,365 2,940 1,585 1,466 Interest and dividend income 90 95 41 41 Interest and other finance expense (38) (49) (9) (6) Non-operational pension (cost) credit 35 30 17 16 Income from continuing operations before taxes 3,452 3,016 1,634 1,517 Income tax expense (883) (848) (416) (404) Income from continuing operations, net of tax 2,569 2,168 1,218 1,113 Income from discontinued operations, net of tax 20 131 38 68 Net income 2,589 2,299 1,256 1,181 Net income attributable to noncontrolling interests (34) (46) (25) (30) Net income attributable to ABB 2,555 2,253 1,231 1,151 Amounts attributable to ABB shareholders: Income from continuing operations, net of tax 2,529 2,122 1,192 1,083 Income from discontinued operations, net of tax 26 131 39 68 Net income 2,555 2,253 1,231 1,151 Basic earnings per share attributable to ABB shareholders: Income from continuing operations, net of tax 1.39 1.16 0.66 0.59 Income from discontinued operations, net of tax 0.01 0.07 0.02 0.04 Net income 1.41 1.23 0.68 0.63 Diluted earnings per share attributable to ABB shareholders: Income from continuing operations, net of tax 1.39 1.16 0.66 0.59 Income from discontinued operations, net of tax 0.01 0.07 0.02 0.04 Net income 1.40 1.23 0.68 0.63 Weighted-average number of shares outstanding (in millions) used to compute: Basic earnings per share attributable to ABB shareholders 1,816 1,833 1,815 1,830 Diluted earnings per share attributable to ABB shareholders 1,819 1,836 1,818 1,832 Due to rounding, numbers presented may not add to the totals provided. See Notes to the Consolidated Financial Information ===== SIDA 21 ===== 9 Q2 2026 FINANCIAL INFORMATION — ABB Ltd Condensed Consolidated Statements of Comprehensive Income (unaudited) Six months ended Three months ended ($ in millions) Jun. 30, 2026 Jun. 30, 2025 Jun. 30, 2026 Jun. 30, 2025 Total comprehensive income, net of tax 2,440 2,333 1,283 1,040 Total comprehensive income attributable to noncontrolling interests, net of tax (26) (65) (28) (43) Total comprehensive income attributable to ABB shareholders, net of tax 2,414 2,268 1,255 997 Due to rounding, numbers presented may not add to the totals provided. See Notes to the Consolidated Financial Information ===== SIDA 22 ===== 10 Q2 2026 FINANCIAL INFORMATION — ABB Ltd Consolidated Balance Sheets (unaudited) ($ in millions) Jun. 30, 2026 Dec. 31, 2025 Cash and equivalents 3,867 4,640 Marketable securities and short-term investments 1,990 1,981 Receivables, net 8,033 7,535 Contract assets 1,189 1,090 Inventories, net 6,471 5,862 Prepaid expenses 358 281 Other current assets 512 627 Current assets held for sale and in discontinued operations 3,931 3,562 Total current assets 26,351 25,578 Property, plant and equipment, net 4,700 4,692 Operating lease right-of-use assets 783 765 Investments in equity-accounted companies 340 349 Prepaid pension and other employee benefits 982 937 Intangible assets, net 1,075 1,119 Goodwill 9,636 9,637 Deferred taxes 1,344 1,248 Other non-current assets 490 560 Non-current assets held for sale and in discontinued operations 35 – Total assets 45,736 44,885 Accounts payable, trade 5,868 5,210 Contract liabilities 3,545 3,221 Short-term debt and current maturities of long -term debt 1,610 475 Current operating leases 252 253 Provisions 1,492 1,477 Other current liabilities 4,518 4,677 Current liabilities held for sale and in discontinued operations 1,155 1,108 Total current liabilities 18,440 16,421 Long-term debt 6,567 7,829 Non-current operating leases 553 533 Pension and other employee benefits 552 550 Deferred taxes 827 792 Other non-current liabilities 2,309 2,101 Non-current liabilities held for sale and in discontinued operations 83 13 Total liabilities 29,331 28,239 Commitments and contingencies Stockholders’ equity: Common stock, CHF 0.12 par value (1,823 million and 1,844 million shares issued at June 30, 2026, and December 31, 2025, respectively) 158 160 Additional paid-in capital 23 64 Retained earnings 21,630 22,606 Accumulated other comprehensive loss (5,394) (5,253) Treasury stock, at cost (8 million and 26 million shares at June 30, 2026, and December 31, 2025, respectively) (518) (1,490) Total ABB stockholders’ equity 15,899 16,087 Noncontrolling interests 506 559 Total stockholders’ equity 16,405 16,646 Total liabilities and stockholders’ equity 45,736 44,885 Due to rounding, numbers presented may not add to the totals provided. See Notes to the Consolidated Financial Information ===== SIDA 23 ===== 11 Q2 2026 FINANCIAL INFORMATION — ABB Ltd Consolidated Statements of Cash Flows (unaudited) Six months ended Three months ended ($ in millions) Jun. 30, 2026 Jun. 30, 2025 Jun. 30, 2026 Jun. 30, 2025 Operating activities: Net income 2,589 2,299 1,256 1,181 Income from discontinued operations, net of tax (20) (131) (38) (68) Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 430 388 220 202 Changes in fair values of investments 64 (40) 34 (28) Pension and other employee benefits (12) (40) 4 (19) Deferred taxes (53) 102 (67) 73 Net loss (gain) from derivatives and foreign exchange 117 (86) 75 (29) Net gain from sale of property, plant and equipment (409) (184) (17) (51) Net gain from sale of businesses (7) (12) (5) (1) Other 62 15 18 24 Changes in operating assets and liabilities: Trade receivables, net (538) (250) (433) (194) Contract assets and liabilities 250 74 33 (58) Inventories, net (725) (52) (457) 33 Accounts payable, trade 709 (88) 462 15 Accrued liabilities (329) (346) 202 139 Provisions, net 174 (52) 138 (6) Income taxes payable and receivable 162 183 70 (29) Other assets and liabilities, net (149) (201) (192) (213) Net cash provided by operating activities – continuing operations 2,315 1,579 1,303 971 Net cash provided by (used in) operating activities – discontinued operations (136) 164 (153) 88 Net cash provided by operating activities 2,179 1,743 1,150 1,059 Investing activities: Purchases of investments (843) (996) (10) (150) Purchases of property, plant and equipment and intangible assets (417) (385) (236) (202) Acquisition of businesses (net of cash acquired) and increases in cost- and equity-accounted companies (149) (570) (122) (18) Proceeds from sales of investments 826 517 634 188 Proceeds from sales of property, plant and equipment 462 173 25 10 Proceeds from sales of businesses (net of transaction costs and cash disposed) and cost- and equity-accounted companies 28 73 27 23 Net cash from settlement of foreign currency derivatives 69 (3) 63 (113) Other investing activities 10 1 11 (1) Net cash provided by (used in) investing activities – continuing operations (14) (1,190) 392 (263) Net cash used in investing activities – discontinued operations (95) (42) (61) (23) Net cash provided by (used in) investing activities (109) (1,232) 331 (286) Financing activities: Net changes in debt with original maturities of 90 days or less (5) 139 (32) (261) Increase in debt 36 1,090 13 795 Repayment of debt (49) (131) (19) (124) Delivery of shares – 19 – 19 Purchase of treasury stock (473) (783) (225) (494) Dividends paid (2,161) (1,907) (547) (1,907) Dividends paid to noncontrolling shareholders (123) (105) (123) (105) Other financing activities (20) 8 (5) 7 Net cash used in financing activities – continuing operations (2,795) (1,670) (938) (2,070) Net cash used in financing activities – discontinued operations (2) – (5) – Net cash used in financing activities (2,797) (1,670) (943) (2,070) Effects of exchange rate changes on cash and equivalents (46) 99 4 69 Net change in cash and equivalents (773) (1,060) 542 (1,228) Cash and equivalents, beginning of period 4,640 4,326 3,325 4,494 Cash and equivalents, end of period 3,867 3,266 3,867 3,266 Supplementary disclosure of cash flow information: Interest paid 167 184 57 66 Income taxes paid 898 637 498 379 Due to rounding, numbers presented may not add to the totals provided. See Notes to the Consolidated Financial Information ===== SIDA 24 ===== 12 Q2 2026 FINANCIAL INFORMATION — ABB Ltd Consolidated Statements of Changes in Stockholders’ Equity (unaudited) ($ in millions) Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total ABB stockholders’ equity Non- controlling interests Total stockholders’ equity Balance at January 1, 2025 162 50 20,648 (5,350) (1,091) 14,419 572 14,991 Net income 2,253 2,253 46 2,299 Foreign currency translation adjustments, net of tax of $(3) 91 91 19 110 Effect of change in fair value of available-for-sale securities, net of tax of $0 3 3 3 Unrecognized income (expense) related to pensions and other postretirement plans, net of tax of $(27) (82) (82) (82) Change in derivative instruments and hedges, net of tax of $0 3 3 3 Changes in noncontrolling interests – (8) (8) Dividends to noncontrolling shareholders – (105) (105) Dividends to shareholders (1,867) (1,867) (1,867) Cancellation of treasury shares (2) (61) (831) 894 – – Share-based payment arrangements 37 37 2 39 Purchase of treasury stock (802) (802) (802) Delivery of shares (13) (77) 109 19 19 Balance at June 30, 2025 160 15 20,125 (5,335) (890) 14,075 525 14,600 Balance at January 1, 2026 160 64 22,606 (5,253) (1,490) 16,087 559 16,646 Net income 2,555 2,555 34 2,589 Foreign currency translation adjustments, net of tax of $0 (180) (180) (8) (188) Effect of change in fair value of available-for-sale securities, net of tax of $0 – – – Unrecognized income (expense) related to pensions and other postretirement plans, net of tax of $12 38 38 38 Change in derivative instruments and hedges, net of tax of $0 1 1 1 Changes in noncontrolling interests (40) (40) 41 1 Dividends to noncontrolling shareholders – (123) (123) Dividends to shareholders (2,146) (2,146) (2,146) Cancellation of treasury shares (2) (41) (1,283) 1,326 – – Share-based payment arrangements 48 48 1 49 Purchase of treasury stock (462) (462) (462) Delivery of shares (6) (102) 108 – – Balance at June 30, 2026 158 23 21,630 (5,394) (518) 15,899 506 16,405 Due to rounding, numbers presented may not add to the totals provided. See Notes to the Consolidated Financial Information ===== SIDA 25 ===== 13 Q2 2026 FINANCIAL INFORMATION — Notes to the Consolidated Financial Information (unaudited) ─ Note 1 The Company and basis of presentation ABB Ltd and its subsidiaries (collectively, the Company) together form a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform . The Company’s Consolidated Financial Information is prepared in accordance with United States of America generally accepted a ccounting principles (U.S. GAAP) for interim financial reporting. As such, the Consolidated Financial Information does not include all the information and notes required under U.S. GAAP for annual consolidated financial statements. Therefore, such financial information should be read in conjunction w ith the audited consolidated financial statements in the Company’s Financial Report for the year ended December 31, 2025. The preparation of financial information in conformity with U.S. GAAP requires management to make assumptions and estimates t hat directly affect the amounts reported in the Consolidated Financial Information. These accounting assumptions and estimates incl ude: • estimates to determine valuation allowances for deferred tax assets and amounts recorded for unrecognized tax benefits, • estimates of loss contingencies associated with litigation or threatened litigation and other claims and inquiries, environme ntal damages, product warranties, self-insurance reserves, regulatory and other proceedings, • estimates related to credit losses expected to occur over the remaining life of financial assets such as trade and other rece ivables, loans and other instruments, • assumptions and projections, principally related to future material, labor and project -related overhead costs, used in determining the percentage-of-completion on projects where revenue is recognized over time, as well as the amount of variable consideration the Company expects to be entitled to, • assumptions used in the calculation of pension and postretirement benefits and the fair value of pension plan assets, • estimates used to record expected costs for employee severance in connection with restructuring programs, • assumptions used in determining inventory obsolescence and net realizable value, • growth rates, discount rates and other assumptions used to determine impairment of long -lived assets and in testing goodwill for impairment, and • estimates and assumptions used in determining the fair values of assets and liabilities assumed in business combinations . The actual results and outcomes may differ from the Company’s estimates and assumptions. For classification of certain current assets and liabilities, the Company has elected to use the duration of individual contr acts as its operating cycle. Accordingly, there are contract assets and liabilities, accounts receivable, inventories and provision s related to these contracts which will not be realized within one year that have been classified as current. Long -term system integration activities comprise the majority of the Company’s activities which have an operating cycle in excess of one year that have been classified as current. Basis of presentation In the opinion of management, the unaudited Consolidated Financial Information contains all necessary adjustments to present fairly the financial position, results of operations and cash flows for the reported periods. Management considers all such adjustm ents to be of a normal recurring nature. The Consolidated Financial Information is presented in United States dollars ($) unless otherwise stated. Due to rounding, nu mbers presented in the Consolidated Financial Information may not add to the totals provid ed. Certain amounts reported in the Consolidated Financial Information for prior periods have been reclassified to conform to the current year’s presentation. Adjustments related to prior periods In the three months ended June 30, 2026, the Company identified certain errors in its previously issued financial statements that were corrected through cumulative out-of-period adjustments. The errors were identified by management and related to provisions for unasserted asbestos claims, as wel l as environmental remediation matters (see Note 11), resulting in additional expenses of $65 million and $31 million, respectively, in Other income (expense) in the Consolidated Income Statement for the three months ended June 30, 2026. The Company evaluated the impact of the corrections on both a quantitative and qualitative basis under the guidance of ASC 250, Accounting Changes and Error Corrections, and determined th ere were no material impacts to the consolidated financial statemen ts for the six and three months ended June 30, 2026, as well as previously issued annual financial statements. ===== SIDA 26 ===== 14 Q2 2026 FINANCIAL INFORMATION ─ Note 2 Recent accounting pronouncements Applicable for future periods Disaggregation of Income Statement expenses In November 2024, an accounting standard update was issued which requires the Company to disclose additional information for certain types of expenses, including purchases of inventory, employee compensation, depreciation, and amortization, presented in ea ch relevant income statement expense caption (such as cost of sales, selling, general and administrative expenses). This update is effective for the Compa ny prospectively, with retrospective adoption permitted, for annual periods beginning January 1, 2027, and interim periods beginning January 1, 2028. The Company is currently evaluating the impact of adopting this update on its consolidated financial statements. Targeted Improvements to the Accounting for Internal -Use Software In September 2025, an accounting standard update was issued related to accounting for internal -use software costs. This update modernizes the guidance for accounting for software costs , aligning the accounting model with how software is developed today , by removing all references to project stages and clarifying the threshold entities apply to begin capitalizing costs. This update is effective for the Company for annual and interim periods beginning January 1, 2028, and may be applied (i) prospectively, (ii) retrospectively, or (iii) utilizing a modified transition approach . Early adoption is permitted as of the beginning of an annual reporting period. The Company is currently evaluating the impact of adopting this update on its consolidated financial statements. ─ Note 3 Discontinued operations In October 2025, the Company entered into an agreement to divest its Robotics division to SoftBank Group Corp., valuing the b usiness at approximately $5.4 billion. The business also includes certain investments and real estate properties which were previously reported within Corp orate and Other. The divestment is expected to be completed in the second half of 2026, subject to regulatory approvals and customary closing conditions , as well as the completion of certain legal entity reorganizations expected to be finalized before the sale. As this planned divestment represents a strategic shift that will have a major effect on the Company’s operations and financi al results, the results of operations for this business have been presented as discontinued operations and the assets and liabiliti es, along with the related investments and real estate assets previously included in Corporate and Other, are reflected as held-for-sale for all periods presented. In addition, amounts relating to stranded corporate costs have been separately disclosed as a component of Corporate and Othe r (see Note 16). Stranded costs represent allocated overhead and other management costs which were previously included in the measure of segment profit (Operational EBITA) for the Robotics division within the former Robotics & Discrete Automation operating segment but are not directly attributable to the discontinued operation and thus do not qualify to be recorded as part of income from discontinued operations. Operating results of the discontinued operations are summarized as follows: Six months ended Three months ended ($ in millions) Jun. 30, 2026 Jun. 30, 2025 Jun. 30, 2026 Jun. 30, 2025 Total revenues 1,113 1,158 576 605 Total cost of sales (727) (765) (386) (398) Gross profit 386 393 190 207 Expenses (303) (201) (143) (105) Income from operations 83 192 47 102 Net interest and other finance expense (10) (14) (1) (10) Non-operational pension credit 1 – – – Income from discontinued operations before taxes 74 178 46 92 Income tax expense (54) (47) (8) (24) Income from discontinued operations, net of tax 20 131 38 68 Of the total Income from discontinued operations before taxes in the table above, $73 million and $178 million in the six months ended June 30, 2026 and 2025, respectively, and $46 million and $92 million in the three months ended June 30, 2026 and 2025, respectively, are attributable to the Company, while the remainder is attributable to noncontrolling interests. Income from discontinued operations before taxes exclude s stranded costs which were previously allocated to the Robotics division. As a result, for the six months ended June 30, 2026 and 2025, $51 million and $62 million, respectively, and for the three months ended June 30, 2026 and 2025, $25 million and $33 million, respectively, of allocated overhead and other management costs which were previously included in the measure of segment profit for the Robotics division are now reported as part of Corporate and Other. In addition, as required by U.S. GAAP , the Company has not recorded depreciation or amortization on the property, plant and equipment and intangible assets reported as discontinued operations in the six and three months ended June 30, 2026. The Company also has retained obligations (primarily for environmental and taxes) related to other businesses disposed or otherwise exited tha t qualified as discontinued operations. Changes to these retained obligations are also included in Income from discontinued ope rations, net of tax. ===== SIDA 27 ===== 15 Q2 2026 FINANCIAL INFORMATION The major components of assets and liabilities held for sale and in discontinued operations in the Company’s Consolidated Balance Sheets are summarized as follows: ($ in millions) Jun. 30, 2026(1) Dec. 31, 2025(1) Receivables, net 598 489 Contract assets 204 217 Inventories, net 425 372 Property, plant and equipment, net 363 290 Operating lease right-of-use assets 133 84 Goodwill 1,823 1,847 Deferred taxes 254 123 Other assets 131 140 Current assets held for sale and in discontinued operations 3,931 3,562 Other non-current assets 35 – Non-current assets held for sale and in discontinued operations 35 – Accounts payable, trade 373 317 Contract liabilities 216 250 Operating leases 125 87 Other liabilities 441 454 Current liabilities held for sale and in discontinued operations 1,155 1,108 Other non-current liabilities 83 13 Non-current liabilities held for sale and in discontinued operations 83 13 (1) At June 30, 2026, and December 31, 2025, the balances reported as held for sale and in discontinued operations also include amounts pertaining to previously divested businesses and other obligations which will remain with the Company until such time as the obligations are settled or the activities are fully wound down. ─ Note 4 Acquisitions and divestments Acquisition of controlling interests Acquisitions of controlling interests were as follows: Six months ended June 30, Three months ended June 30, ($ in millions, except number of acquired businesses) (1) 2026 2025 2026 2025 Purchase price for acquisitions (net of cash acquired) (2) 124 551 108 10 Aggregate excess of purchase price over fair value of net assets acquired(3) 64 436 58 10 Number of acquired businesses 5 4 3 1 (1) Amounts include adjustments arising during the measurement period of acquisitions . (2) Excluding changes in cost - and equity -accounted companies. (3) Recorded as goodwill. In the table above, the “Purchase price for acquisitions” and “Aggregate excess of purchase price over fair value of net assets acquired ” in the six months ended June 30, 2026, were not significant, while in the six months ended June 30, 2025, relate primarily to the acquisitions of Sensorfact BV and the Siemens wiring accessories business in China. Acquisitions of controlling interests have been accounted for under the acquisition method and have been included in the Comp any’s consolidated financial statements since the date of acquisition. On February 3, 2025, the Company acquired all of the shares of Sensorfact BV. Sensorfact BV , headquartered in Utrecht, Netherlands, offers a scalable software as a service (SaaS) solution that helps small and medium sized enterprises use AI in their operations and energy man agement to lower costs and increase efficiency. The cash outflows to complete the transaction amounted to $1 48 million (net of cash acquired). This acquisition expands the Company’s portfolio of energy management solutions that use big data and AI within its Electrification segment. On March 3, 2025, the Company acquired, through numerous share and asset purchases, all of the assets, liabilities and business activities of the Siemens wiring accessories business in China. The Siemens wiring accessories business offering, which distributes throughout China, includes wiring accessories, smart home systems, smart door locks and further peripheral home automation products . The cash outflows to complete the transaction amounted to $386 million (net of cash acquired). This acquisition broadens the market reach of the Company’s Electrification segment and complements the segment’s regional customer offering within smart buildings . While the Company uses its best estimates and assumptions as part of the purchase price allocation process to value assets ac quired and liabilities assumed at the acquisition date, the purchase price allocation for acquisitions is preliminary for up to 12 months after the acquisition date and is subject to refinement as more detailed analyses are completed and additional information about the fair values of the assets and liabilities becomes available. ===== SIDA 28 ===== 16 Q2 2026 FINANCIAL INFORMATION Subsequent events Completed acquisition On July 1, 2026, the Company acquired the shares of Specialtrasfo S.p.A. Specialtrasfo is an Italian manufacturer of specialized medium voltage transformers, including converter and rectifier transformers, with a worldwide installed base. To complete the transaction, the Company’s cash outflows amounted to $183 million. This acquisition closes a gap in the Company’s industrial automation portfolio. The initial accounting and disclosures for th is acquisition are incomplete as Specialtrasfo was only recently acquired. Planned acquisition On July 16, 2026, the Company announced that it had reached an agreement on the terms of a recommended cash offer for the entire issu ed and to be issued share capital of Rotork plc (Rotork) for 503 pence per share (approximately $5.5 billion based on issued share capital at June 30, 2026). Rotork, headquartered in the United Kingdom, is a provider of intelligent flow control solutions and a manufacturer of electric actua tors. The acquisition is expected to expand the Company’s offering for large and complex infrastructure and industries within its Automation business area. The Company expects to complete the acquisition in the first half of 2027 subject to approval by Rotork’s shareholders and customary clos ing conditions, including regulatory clearances. ─ Note 5 Cash and equivalents, marketable securities and short-term investments Cash and equivalents, marketable securities and short -term investments consisted of the following: June 30, 2026 Marketable Gross Gross securities unrealized unrealized Cash and and short-term ($ in millions) Cost basis gains losses Fair value equivalents investments Changes in fair value recorded in net income Cash 1,659 1,659 1,659 Time deposits 2,826 2,826 2,208 618 Equity securities 1,315 57 1,372 1,372 Total 5,800 57 – 5,857 3,867 1,990 December 31, 2025 Marketable Gross Gross securities unrealized unrealized Cash and and short-term ($ in millions) Cost basis gains losses Fair value equivalents investments Changes in fair value recorded in net income Cash 1,398 1,398 1,398 Time deposits 3,804 3,804 3,242 562 Equity securities 1,348 57 1,405 1,405 6,550 57 – 6,607 4,640 1,967 Changes in fair value recorded in other comprehensive income Debt securities available-for-sale: Other government obligations 14 14 14 14 – – 14 – 14 Total 6,564 57 – 6,621 4,640 1,981 ===== SIDA 29 ===== 17 Q2 2026 FINANCIAL INFORMATION ─ Note 6 Derivative financial instruments The Company is exposed to certain currency, commodity and interest rate risks arising from its global operating, financing and investing activities. The Company uses derivative instruments to reduce and manage the economic impact of these exposures. Currency risk Due to the global nature of the Company’s operations, many of its subsidiaries are exposed to currency risk in their operatin g activities from entering into transactions in currencies other than their functional currency. To manage such currency risks, the Company operates programs to hedge the foreign currency exposures from forecasted cash flows, committed orders and project -related exposures. Forward foreign exchange contracts are the main instrument used to protect the Company against the volatility of future cash flows (caused by changes in exchange rates) of contracted and forecasted sales and purchases denominated in foreign currencies. In addition, within its treasury operations, the Company pr imarily uses foreign exchange swaps and forward foreign exchange contracts to manage the currency and timing mismatches arising in its liquidity management activities. The Company also has numerous investments in its foreign subsidiaries, the net assets of which are exposed to volatility in f oreign currency exchange rates. Forward foreign exchange contracts are used to reduce the foreign currency exchange risk related to the Company’s investment in certain foreign subsidiaries. These derivatives are designated as net investment hedges. Commodity risk Various commodity products are used in the Company’s manufacturing activities. Consequently, it is exposed to volatility in f uture cash flows arising from changes in commodity prices. To manage the price risk of commodities, the Company operates programs t o hedge the forecasted commodity exposure and project-related exposures. Swap contracts are primarily used to manage the associated price risks of commodities. Interest rate risk The Company has issued bonds at fixed rates. Interest rate swaps and cross-currency interest rate swaps are used to manage the interest rate and foreign currency risk associated with certain debt and generally such swaps are designated as fair value hedges. In addition, from time to tim e, the Company uses instruments such as interest rate swaps, interest rate futures, bond futures or forward rate agreements to mana ge interest rate risk arising from the Company’s balance sheet structure but does not designate such instruments as hedges. Volume of derivative activity In general, while the Company’s primary objective in its use of derivatives is to minimize exposures arising from its busines s, certain derivatives are designated and qualify for hedge accounting treatment while others either are not designated or do not q ualify for hedge accounting. Foreign exchange and interest rate derivatives The gross notional amounts of outstanding foreign exchange and interest rate derivatives (whether designated as hedges or not ) were as follows: Type of derivative Total notional amounts at ($ in millions) June 30, 2026 December 31, 2025 June 30, 2025 Foreign exchange contracts 17,877 14,743 16,810 Embedded foreign exchange derivatives 1,874 1,640 1,524 Cross-currency interest rate swaps 912 940 938 Interest rate contracts 570 1,644 1,762 Derivative commodity contracts The Company uses derivatives to hedge its direct or indirect exposure to the movement in the prices of commodities which are primarily copper, silver, steel and aluminum. The following table shows the notional amounts of outstanding derivatives (whether designated as hedges or not), on a net bas is, to reflect the Company’s requirements for these commodities: Total notional amounts at Type of derivative Unit June 30, 2026 December 31, 2025 June 30, 2025 Copper swaps metric tonnes 45,945 33,912 35,997 Silver swaps ounces 4,761,561 2,059,055 2,430,081 Steel swaps metric tonnes 15,604 14,198 18,144 Aluminum swaps metric tonnes 5,275 3,850 4,700 Cash flow hedges As noted above, the Company mainly uses forward foreign exchange contracts to manage the foreign exchange risk of its operati ons and commodity swaps to manage its commodity risks. The Company applies cash flow hedge accounting in only limited cases. In these cases, th e effective portion of the changes in their fair value is recorded in Accumulated other comprehensive loss and subsequen tly reclassified into earnings in the same line item and in the same period as the underlying hedged transaction affects earnings. For the six and three months ended June 30, 2026 and 2025, there were no significant amounts recorded for cash flow hedge accounting activities. Net investment hedges The Company designates forward foreign exchange contracts used to reduce the foreign currency exchange risk related to its ne t investment in certain foreign subsidiaries as net investment hedges. Accordingly, the gains and losses on the derivatives are rec orded in Accumulated other comprehensive loss as part of Foreign currency translation adjustments. The accumulated gains and losses associated with these instruments will remain in Accumulated other comprehensive loss until the foreign subsidiaries are sol d or substantially liquidated, at which point they will be reclassified into earnings. The cash flows associated with derivatives designated as net investment hedges are recorded within investing activi ties in the Consolidated Statements of Cash Flows. For the six and three months ended June 30, 2026 and 2025, there were no significant amounts recognized in or reclassified out of Accumulated other comprehensive loss related to net investment hedges. In addition, in the six and three months ended June 30, 2026 and 2025, the Company did not have any ineffectiveness related to net investment hedges . Fair value hedges To reduce its interest rate exposure arising primarily from its debt issuance activities, the Company uses interest rate swap s and cross-currency interest rate swaps. Where such instruments are designated as fair value hedges, the changes in the fair value of these instruments, as well as the changes in the fair value of the risk component of the underlying debt being hedged, are recorded as offsetting gains and losse s in Interest and other finance expense. ===== SIDA 30 ===== 18 Q2 2026 FINANCIAL INFORMATION The effect of derivative instruments, designated and qualifying as fair value hedges, on the Consolidated Income Statements w as as follows: Six months ended June 30, Three months ended June 30, ($ in millions) 2026 2025 2026 2025 Gains (losses) recognized in Interest and other finance expense: Interest rate contracts Designated as fair value hedges (2) (1) 6 4 Hedged item 2 1 (6) (4) Cross-currency interest rate swaps Designated as fair value hedges 9 2 13 3 Hedged item (9) – (13) (2) Derivatives not designated in hedge relationships Derivative instruments that are not designated as hedges or do not qualify as either cash flow or fair value hedges are econo mic hedges used for risk management purposes. Gains and losses from changes in the fair values of such derivatives are recognized i n the same line in the income statement as the economically hedged transaction. Furthermore, under certain circumstances, the Company is required to split and account separately for foreign currency deriva tives that are embedded within certain binding sales or purchase contracts denominated in a currency other than the functional curr ency of the subsidiary and the counterparty. The gains (losses) recognized in the Consolidated Income Statements on derivatives not designated in hedging relationships we re as follows: Type of derivative not Gains (losses) recognized in income designated as a hedge Six months ended June 30, Three months ended June 30, ($ in millions) Location 2026 2025 2026 2025 Foreign exchange contracts Total revenues (18) 140 (10) 66 Total cost of sales (18) (22) (14) (8) SG&A expenses(1) 10 (51) 6 (33) Interest and other finance expense 85 (238) 62 (288) Embedded foreign exchange Total revenues (11) (8) (14) (5) contracts Total cost of sales (3) 9 (1) 6 SG&A expenses(1) (1) – (1) – Commodity contracts Total cost of sales (17) 36 (4) (5) Other Interest and other finance expense 2 (1) 1 (1) Total 29 (135) 25 (268) (1) SG&A expenses represent “Selling, general and administrative expenses”. The fair values of derivatives included in the Consolidated Balance Sheets were as follows: June 30, 2026 Derivative assets Derivative liabilities Current in Non-current in Current in Non-current in “Other current “Other non-current “Other current “Other non-current ($ in millions) assets” assets” liabilities” liabilities” Derivatives designated as hedging instruments: Foreign exchange contracts 1 – 16 – Interest rate contracts – – – 4 Cross-currency interest rate swaps – – – 160 Total 1 – 16 164 Derivatives not designated as hedging instruments: Foreign exchange contracts 140 27 73 17 Commodity contracts 51 – 73 – Embedded foreign exchange derivatives 19 8 35 8 Total 210 35 181 25 Total fair value 211 35 197 189 ===== SIDA 31 ===== 19 Q2 2026 FINANCIAL INFORMATION December 31, 2025 Derivative assets Derivative liabilities Current in Non-current in Current in Non-current in “Other current “Other non-current “Other current “Other non-current ($ in millions) assets” assets” liabilities” liabilities” Derivatives designated as hedging instruments: Foreign exchange contracts – – 6 – Interest rate contracts – 2 – 4 Cross-currency interest rate swaps – – – 142 Total – 2 6 146 Derivatives not designated as hedging instruments: Foreign exchange contracts 101 23 50 5 Commodity contracts 129 – 5 – Embedded foreign exchange derivatives 20 14 29 4 Total 250 37 84 9 Total fair value 250 39 90 155 Close-out netting agreements provide for the termination, valuation and net settlement of some or all outstanding transactions betw een two counterparties on the occurrence of one or more pre -defined trigger events. Although the Company is party to close-out netting agreements with most derivative counterparties, the fair values in the tables above and in the Consolidated Balance Sheets at June 30, 2026, and December 31, 2025, have been presented on a gross basis. The Company’s netting agreements and other similar arrangements allow net settlements under certain conditions. At June 30, 2026, and December 31, 2025, information related to these offsetting arrangements was as follows: ($ in millions) June 30, 2026 Gross amount Derivative liabilities Cash Non-cash Type of agreement or of recognized eligible for set-off collateral collateral Net asset similar arrangement assets in case of default received received exposure Derivatives 219 (107) – – 112 Total 219 (107) – – 112 ($ in millions) June 30, 2026 Gross amount Derivative liabilities Cash Non-cash Type of agreement or of recognized eligible for set-off collateral collateral Net liability similar arrangement liabilities in case of default pledged pledged exposure Derivatives 343 (107) – – 236 Total 343 (107) – – 236 ($ in millions) December 31, 2025 Gross amount Derivative liabilities Cash Non-cash Type of agreement or of recognized eligible for set-off collateral collateral Net asset similar arrangement assets in case of default received received exposure Derivatives 255 (56) – – 199 Total 255 (56) – – 199 ($ in millions) December 31, 2025 Gross amount Derivative liabilities Cash Non-cash Type of agreement or of recognized eligible for set-off collateral collateral Net liability similar arrangement liabilities in case of default pledged pledged exposure Derivatives 212 (56) – – 156 Total 212 (56) – – 156 ===== SIDA 32 ===== 20 Q2 2026 FINANCIAL INFORMATION ─ Note 7 Fair values The Company uses fair value measurement principles to record certain financial assets and liabilities on a recurring basis an d, when necessary, to record certain non-financial assets at fair value on a non-recurring basis, as well as to determine fair value disclosures for certain financial instruments carried at amortized cost in the financial statements. Financial assets and liabilities recorded at fair value on a recurring basis i nclude foreign currency, commodity and interest rate derivatives, as well as available -for-sale securities. Non-financial assets recorded at fair value on a non -recurring basis include long-lived assets that are reduced to their estimated fair value due to impairments. Fair value is the price that would be received when selling an asset or paid to transfer a liability in an orderly transactio n between market participants at the measurement date. In determining fair value, the Company uses various valuation techniques inc luding the market approach (using observable market data for identical or similar assets and liabilities), the income approach (discounted cash flow models) and the cost approach (using costs a market participant would incur to develop a comparable asset). Inputs used to determine the fair value of assets and liabilities are defined by a three-level hierarchy, depending on the nature of those inputs. The Company has categorized its financial assets and liabilities and non -financial assets measured at fair value within this hierarchy based on whether the inputs to the valuation technique are observable or unobser vable. An observable input is based on market data obtained from independent sources, while an unobservable input reflects the Company’s assumptions about market data. The levels of the fair value hierarchy are as follows: Level 1: Valuation inputs consist of quoted prices in an active market for identical assets or liabilities (observable quoted prices). Assets and liabilities valued using Level 1 inputs include exchange‑traded equity securities, listed derivatives which are actively traded such as commodity futures, interest rate futures and certain actively traded debt securities . Level 2: Valuation inputs consist of observable inputs (other than Level 1 inputs) such as actively quoted prices for similar assets, quoted prices in inactive markets and inputs other than quoted prices such as interest rate yield curves, credit spreads, or inputs derived from other observable data by interpolation, correlation, regression or other means. The adjustments applied to quoted prices or the inputs used in valuation models may be both observable and unobservable. In these cases, the fair value measuremen t is classified as Level 2 unless the unobservable portion of the adjustment or the unobservable input to the valuation model is significant, in which case the fair value measurement woul d be classified as Level 3. Assets and liabilities valued or disclose d using Level 2 inputs include investments in certain funds, certain debt securities that are not actively traded, interest rate swaps, cross-currency interest rate swaps, commodity swaps, forward foreign exchange contracts, foreign exchange swaps and forward rate agreements, time deposits, as well as financing receivables and debt. Level 3: Valuation inputs are based on the Company’s assumptions which require significant judgement or estimation (unobservable input). Whenever quoted prices involve bid-ask spreads, the Company ordinarily determines fair values based on mid -market quotes. When determining fair values based on quoted prices in an active market, the Company considers if the level of transaction activity for the financi al instrument has significantly decreased or would not be considered orderly. In such cases, the resulting ch anges in valuation techniques would be disclosed. If the market is considered disorderly or if quoted prices are not available, the Company is required to use another valuation technique, such as an income approach. Recurring fair value measures The fair values of financial assets and liabilities measured at fair value on a recurring basis were as follows: June 30, 2026 ($ in millions) Level 1 Level 2 Level 3 Total fair value Assets Securities in “Marketable securities and short-term investments”: Equity securities 1,372 1,372 Derivative assets—current in “Other current assets” 211 211 Derivative assets—non-current in “Other non-current assets” 35 35 Total – 1,618 – 1,618 Liabilities Derivative liabilities—current in “Other current liabilities” 197 197 Derivative liabilities—non-current in “Other non-current liabilities” 189 189 Total – 386 – 386 December 31, 2025 ($ in millions) Level 1 Level 2 Level 3 Total fair value Assets Securities in “Marketable securities and short-term investments”: Equity securities 1,405 1,405 Debt securities—Other government obligations 14 14 Derivative assets—current in “Other current assets” 250 250 Derivative assets—non-current in “Other non-current assets” 39 39 Total 14 1,694 – 1,708 Liabilities Derivative liabilities—current in “Other current liabilities” 90 90 Derivative liabilities—non-current in “Other non-current liabilities” 155 155 Total – 245 – 245 ===== SIDA 33 ===== 21 Q2 2026 FINANCIAL INFORMATION The Company uses the following methods and assumptions in estimating fair values of financial assets and liabilities measured at fair value on a recurring basis: • Securities in “Marketable securities and short-term investments”: If quoted market prices in active markets for identical assets are available, these are considered Level 1 inputs; however, when markets are not active, these inputs are considered Level 2. If such quoted market prices are not available, fair value is determined using market prices for similar assets or present value techniques, applying an a ppropriate risk-free interest rate adjusted for non-performance risk. The inputs used in present value techniques are observable and fall into the Level 2 category. • Derivatives: The fair values of derivative instruments are determined using quoted prices of identical instruments from an active market, if available (Level 1 inputs). If quoted prices are not available, price quotes for similar instruments, appropriately adjusted, or present value techniques, based on available market data, or option pricing models are used. The fair values obtained using price quotes fo r similar instruments or valuation techniques represent a Level 2 input unless significant unobservable inputs are used. Non-recurring fair value measures There were no significant non-recurring fair value measurements during the six and three months ended June 30, 2026 and 2025. Disclosure about financial instruments carried on a cost basis The fair values of financial instruments carried on a cost basis were as follows: June 30, 2026 ($ in millions) Carrying value Level 1 Level 2 Level 3 Total fair value Assets Cash and equivalents (excluding securities with original maturities up to 3 months): Cash 1,659 1,659 1,659 Time deposits 2,208 2,208 2,208 Marketable securities and short-term investments (excluding securities): Time deposits 618 618 618 Liabilities Short-term debt and current maturities of long -term debt (excluding finance lease obligations) 1,560 1,512 48 1,560 Long-term debt (excluding finance lease obligations) 6,429 6,310 726 7,036 December 31, 2025 ($ in millions) Carrying value Level 1 Level 2 Level 3 Total fair value Assets Cash and equivalents (excluding securities with original maturities up to 3 months): Cash 1,398 1,398 1,398 Time deposits 3,242 3,242 3,242 Marketable securities and short-term investments (excluding securities): Time deposits 562 562 562 Liabilities Short-term debt and current maturities of long -term debt (excluding finance lease obligations) 448 416 32 448 Long-term debt (excluding finance lease obligations) 7,681 7,013 733 7,746 The Company uses the following methods and assumptions in estimating fair values of financial instruments carried on a cost b asis: • Cash and equivalents (excluding securities with original maturities up to 3 months) and Marketable securities and short-term investments (excluding securities): The carrying amounts approximate the fair values as the items are short -term in nature or, for cash held in banks, are equal to the deposit amount. • Short-term debt and current maturities of long -term debt (excluding finance lease obligations): Short-term debt includes commercial paper, bank borrowings and overdrafts. The carrying amounts of short -term debt and current maturities of long-term debt, excluding finance lease obligations, approximate their fair values. • Long-term debt (excluding finance lease obligations): Fair values of bonds are determined using quoted market prices (Level 1 inputs), if available. For bonds without available quoted market prices and other long -term debt, the fair values are determined using a discounted cash flow methodology based upon borrowing rates of similar debt instruments and reflecting appropriate ad justments for non-performance risk (Level 2 inputs). ===== SIDA 34 ===== 22 Q2 2026 FINANCIAL INFORMATION ─ Note 8 Contract assets and liabilities The following table provides information about Contract assets and Contract liabilities: ($ in millions) June 30, 2026 December 31, 2025 June 30, 2025 Contract assets 1,189 1,090 1,083 Contract liabilities 3,545 3,221 3,109 Contract assets primarily relate to the Company’s right to receive consideration for work completed but for which no invoice has been issued at the reporting date. Contract assets are transferred to receivables when rights to receive payment become unconditional. Management expects that the majority of the amounts will be collected within one year of the respective balance sheet date. Contract liabilities primarily relate to up-front advances received on orders from customers as well as amounts invoiced to customers in excess of revenues recognized predominantly on long-term projects. Contract liabilities are reduced as work is performed and as revenues are recognized . The significant changes in the Contract assets and Contract liabilities balances were as follows: Six months ended June 30, 2026 2025 Contract Contract Contract Contract ($ in millions) assets liabilities assets liabilities Revenue recognized, which was included in the Contract liabilities balance at Jan 1, 2026/2025 (1,296) (1,127) Additions to Contract liabilities - excluding amounts recognized as revenue during the period 1,654 1,332 Receivables recognized that were included in the Contract assets balance at Jan 1, 2026/2025 (521) (443) The Company considers its order backlog to represent its unsatisfied performance obligations. At June 30, 2026, the Company had unsatisfied performance obligations totaling $30,007 million and, of this amount, the Company expects to fulfill approximately 47 percent of the obligations in 2026, approximately 33 percent of the obligations in 2027 and the balance thereafter. ─ Note 9 Supplier finance programs The Company has several supplier finance programs, all with similar characteristics, with various financial institutions acti ng as paying agent. These programs allow qualifying suppliers access to bank facilities which permit earlier payment at a cost to the supplier. The Company’s payment terms related to suppliers’ finance programs are not impacted by the suppliers’ decisions to sell amounts under the arrangements an d are typically consistent with local market practices. Outstanding supplier finance obligations are included in Accounts payable, trade in the Consolidated Balance Sheets and are reported as operating or investing (if capitalized) activities in the Consolidated Statement s of Cash Flows when paid. At June 30, 2026, and December 31, 2025, the total obligation outstanding under supplier finance programs amounted to $627 million and $482 million, respectively. ===== SIDA 35 ===== 23 Q2 2026 FINANCIAL INFORMATION ─ Note 10 Debt The Company’s total debt at June 30, 2026, and December 31, 2025, amounted to $8,177 million and $8,304 million, respectively. Short-term debt and current maturities of long-term debt The Company’s Short-term debt and current maturities of long -term debt consisted of the following: ($ in millions) June 30, 2026 December 31, 2025 Short-term debt 56 26 Current maturities of long-term debt 1,554 449 Total 1,610 475 Short-term debt primarily represented short-term bank borrowings from various banks. Long-term debt The Company’s Long-term debt at June 30, 2026, and December 31, 2025, amounted to $6,567 million and $7,829 million, respectively. Significant long-term borrowings (including maturities within the next 12 months) were as follows: June 30, 2026 December 31, 2025 (in millions) Nominal outstanding Carrying value(1) Nominal outstanding Carrying value(1) 1.965% CHF Bonds, due 2026 CHF 325 $ 402 CHF 325 $ 410 3.25% EUR Instruments, due 2027 EUR 500 $ 569 EUR 500 $ 586 0.75% CHF Bonds, due 2027 CHF 425 $ 525 CHF 425 $ 535 3.8% USD Notes, due 2028 USD 383 $ 382 USD 383 $ 382 1.9775% CHF Bonds, due 2028 CHF 150 $ 185 CHF 150 $ 189 3.125% EUR Instruments, due 2029 EUR 500 $ 569 EUR 500 $ 588 1.0% CHF Bonds, due 2029 CHF 170 $ 210 CHF 170 $ 214 0% EUR Instruments, due 2030 EUR 800 $ 819 EUR 800 $ 838 2.375% CHF Bonds, due 2030 CHF 150 $ 185 CHF 150 $ 189 3.375% EUR Instruments, due 2031 EUR 750 $ 846 EUR 750 $ 871 Floating rate EIB R&D Loan, due 2031 USD 539 $ 539 USD 539 $ 539 0.8725% CHF Bonds, due 2032 CHF 350 $ 431 CHF 350 $ 440 2.1125% CHF Bonds, due 2033 CHF 275 $ 339 CHF 275 $ 346 3.375% EUR Instruments, due 2034 EUR 750 $ 847 EUR 750 $ 872 1.2762% CHF Bonds, due 2036 CHF 250 $ 308 CHF 250 $ 314 4.375% USD Notes, due 2042 USD 609 $ 593 USD 609 $ 592 Total $ 7,749 $ 7,905 (1) USD carrying values include unamortized debt issuance costs, bond discounts or premiums, as well as adjustments for fair value hedge accounting, where appropriate. ─ Note 11 Commitments and contingencies Contingencies—Environmental The Company has been notified by the United States Environmental Protection Agency (EPA) that the Company, along with others, has been identified as a potentially responsible party at a location on the EPA’s National Priorities List of Superfund sites. Thi s site is associated with a business acquired by the Company in 2012 and the claim relates to operations of the acquired business prior to the acquisition. The Company determ ined that a loss related to this matter is probable. The reasonably estimable rang e of loss based upon currently available information is between $31 million and $204 million. As no amount within the range is a better estimate than any other, the Company has recorded a provision of $31 million during the three months ended June 30, 2026. The estimated range reflects potential exposure associated with currently identified remediation activities while a subsequent phase of remediation could result in additional losses that are not presently estimable as the related remediation stra tegy is yet to be defined. Although the Company believes its estimated range of potential loss is reasonable, the outcome of these matters is inherently uncertain an d actual losses could exceed the amounts accrued or disclosed. Contingencies—Regulatory, Compliance and Legal General The Company is subject to proceedings, litigation or threatened litigation and other claims and inquiries related to various regulatory, commercial and other matters. The Company assesses the likelihood of any adverse judgments or outcomes to these matters , as well as potential ranges of probable losses. A determination of the provision required, if any, for these contingencies is made after analysis of each individual issue, with assistance, when necessary, from internal and external legal counsel and tech nical experts. As it is not possible to make an informed judgment on, or reasonably predict, the outcome of certain matters and as it is not possible, based on information currently available to management, to estimate the maximum potential liability on other matters, th ere could be adverse outcomes beyond the amounts accrued; however, the Company does not expect the resolution of current matters to have a material adverse effect on its financial statements. ===== SIDA 36 ===== 24 Q2 2026 FINANCIAL INFORMATION Guarantees General The following table provides quantitative data regarding the Company’s third -party guarantees. The maximum potential payments represent a “worst-case scenario”, and do not reflect management’s expected outcomes. Maximum potential payments ($ in millions) June 30, 2026 December 31, 2025 Performance guarantees 1,594 1,926 Financial guarantees 17 18 Total(1) 1,611 1,944 (1) Maximum potential payments include amounts in both continuing and discontinued operations. The carrying amount of liabilities recorded in the Consolidated Balance Sheets reflects the Company’s best estimate of future payments, which it may incur as part of fulfilling its guarantee obligations. In respect of the above guarantees, the carrying amo unts of liabilities at June 30, 2026, and December 31, 2025, were not significant. The Company is party to various guarantees providing financial or performance assurances to certain third parties. These guar antees, which have various maturities up to 2032, mainly consist of performance guarantees whereby (i) the Company guarantees the performance of a third party’s product or service according to the terms of a contract and (ii) as member of a consortium/joint-venture that includes third parties, the Company guarantees not only its own performance but also the work of third parties. Such guarantees may include guarantees that a project will be completed within a specified time. If the third party does not fulfill the obligation, the Company will compensate the guaranteed party in cash or in kind. The original maturity dates for the majority of these performance guarantees range from one to ten years. In conjunction with the divestment of the high -voltage cable and cables accessories businesses in 2017, the Company has entered into various performance guarantees with other parties with respect to certain liabilities of the divested business. At June 30, 2026, and December 31, 2025, the maximum potential payable under these guarantees amounted to $657 million and $681 million, respectively, and these guarantees have various original maturities up to ten years. The Company retained obligations for financial and performance guarantees related to its former Power Grids business (reporte d as discontinued operations prior to its sale to Hitachi Ltd in 2020), which at both June 30, 2026, and December 31, 2025, have been fully indemnified by Hitachi Ltd. These guarantees, having various maturities up to 2032, primarily consist of bank guarantees, standby letters of credit, business performance guarantees and other trade-related guarantees, the majority of which have original maturity dates ranging from one to ten years. The maximum amount paya ble under these guarantees at both June 30, 2026, and December 31, 2025, amounted to approximately $0.9 billion. Commercial commitments In addition, in the normal course of bidding for and executing certain projects, the Company has entered into standby letters of credit, bid/performance bonds and surety bonds (collectively “performance bonds”) with various financial institutions. Customer s can draw on such performance bonds in the event that the Company does not fulfill its contractual obligations. The Company would then have an obligation to reimburse t he financial institution for amounts paid under the performance bonds. At both June 30, 2026, and December 31, 2025, the total outstanding performance bonds aggregated to $3.6 billion, of which $0.1 billion relate to discontinued operations. There have been no significant amounts reimbursed to financial institutions under these types of arrangements in the six and three months ended June 30, 2026 and 2025. Product and order-related contingencies The Company calculates its provision for product warranties based on historical claims experience and specific review of cert ain contracts. The reconciliation of the Provisions for warranties, including guarantees of product performance, was as follows: ($ in millions) 2026 2025 Balance at January 1, 1,386 1,202 Net change in warranties due to acquisitions and divestments 2 – Claims paid in cash or in kind (77) (78) Net increase in provision for changes in estimates, warranties issued and warranties expired 125 106 Exchange rate differences (14) 93 Balance at June 30, 1,422 1,323 Included in: ”Provisions” 685 698 ”Other non-current liabilities” 737 625 Provisions for warranties - Total 1,422 1,323 ─ Note 12 Income taxes In calculating income tax expense, the Company uses an estimate of the annual effective tax rate based upon the facts and cir cumstances known at each interim period. On a quarterly basis, the actual effective tax rate is adjusted, as appropriate, based upon changed facts and circumstances, if any, as compared to those forecasted at the beginning of the year and each interim period thereafter. The effective tax rate of 25.6 percent in the six months ended June 30, 2026, was lower than the effective tax rate of 28.1 percent in the six months ended June 30, 2025, primarily due to the tax impact of the gain on sale of real estate in the six months ended June 30, 2026, which is taxed at a rate lower than the Company’s weighted‑average tax rate. ===== SIDA 37 ===== 25 Q2 2026 FINANCIAL INFORMATION ─ Note 13 Employee benefits The Company operates defined benefit pension plans, defined contribution pension plans, and termination indemnity plans, in a ccordance with local regulations and practices. At June 30, 2026, the Company’s most significant defined benefit pension plans are in Switzerland as well as in Germany, the United Kingdom, and the United States. These plans cover a large portion of the Company’s employees and provide benefits to employees in the event of death, disability, retirement, or termination of employment. Certain of these plans are multi -employer plans. The Company also operates other postretirement benefit plans including postretirement health care benefits and other employee -related benefits for active employees including long-service award plans. The postretirement benefit plans are not significant. The measurement date used for the Company’s employ ee benefit plans is December 31. The funding policies of the Company’s plans are consistent with the local government and tax requi rements. The following tables include amounts relating to defined benefit pension plans for both continuing and discontinued operations. Net periodic benefit cost of the Company’s defined benefit pension plans consist s of the following: ($ in millions) Defined pension benefits Switzerland International Six months ended June 30, 2026 2025 2026 2025 Operational pension cost: Service cost 28 28 13 12 Operational pension cost 28 28 13 12 Non-operational pension cost (credit): Interest cost 13 11 74 78 Expected return on plan assets (62) (59) (84) (83) Amortization of prior service cost (credit) 1 – (1) (2) Amortization of net actuarial loss – – 21 25 Curtailments, settlements and special termination benefits – – 1 – Non-operational pension cost (credit) (48) (48) 11 18 Net periodic benefit cost (credit) (20) (20) 24 30 ($ in millions) Defined pension benefits Switzerland International Three months ended June 30, 2026 2025 2026 2025 Operational pension cost: Service cost 14 15 6 6 Operational pension cost 14 15 6 6 Non-operational pension cost (credit): Interest cost 6 6 38 40 Expected return on plan assets (30) (32) (42) (42) Amortization of prior service cost (credit) – – – (1) Amortization of net actuarial loss – – 9 13 Curtailments, settlements and special termination benefits – – 1 – Non-operational pension cost (credit) (24) (26) 6 10 Net periodic benefit cost (credit) (10) (11) 12 16 The components of net periodic benefit cost other than the service cost component are included in the line Non -operational pension cost (credit) in the Consolidated Income Statements. Net periodic benefit cost (credit) related to discontinued operations for the six and three months ended June 30, 2026 and 2025, is not significant. ─ Note 14 Stockholders' equity At the Annual General Meeting of Shareholders on March 19, 2026, shareholders approved the proposal of the Board of Directors to distribute 0. 94 Swiss francs per share to shareholders. The declared dividend amounted to $2,146 million. In January 2026, the Company announced the completion of its share buyback program of up to $1.5 billion that was launched in February 2025. This program was executed on a second trading line on the SIX Swiss Exchange. In February 2026, the Company launched a new share buyback program of up to $2.0 billion, as announced in January 2026. This program, which is being executed on a second trading line on the SIX Swiss Exchange , is planned to run until January 2027. Under these buyback programs, the Company purchased approximately 5 million shares in the six months ended June 30, 2026, resulting in an increase in Treasury stock of $415 million. In the second quarter of 2026, the Company cancelled 21 million shares which had been purchased under its share buyback program. This resulted in a decrease in Treasury stock of $1,326 million and a corresponding total decrease in Common stock, Additional paid-in capital and Retained earnings. ===== SIDA 38 ===== 26 Q2 2026 FINANCIAL INFORMATION ─ Note 15 Reclassifications out of accumulated other comprehensive loss The following table shows changes in Accumulated other comprehensive loss (OCI) attributable to ABB, by component, net of tax : Unrealized gains Pension and Foreign currency (losses) on other Derivative translation available-for-sale postretirement instruments ($ in millions) adjustments securities plan adjustments and hedges Total OCI Balance at January 1, 2025 (4,248) (3) (1,091) (8) (5,350) Other comprehensive (loss) income: Other comprehensive (loss) income before reclassifications 110 3 (98) – 15 Amounts reclassified from OCI – – 16 3 19 Total other comprehensive (loss) income 110 3 (82) 3 34 Less: Amounts attributable to noncontrolling interests 19 – – – 19 Balance at June 30, 2025 (4,157) – (1,173) (5) (5,335) Unrealized gains Pension and Foreign currency (losses) on other Derivative translation available-for-sale postretirement instruments ($ in millions) adjustments securities plan adjustments and hedges Total OCI Balance at January 1, 2026 (4,176) – (1,073) (4) (5,253) Other comprehensive (loss) income: Other comprehensive (loss) income before reclassifications (188) – 22 1 (165) Amounts reclassified from OCI – – 16 – 16 Total other comprehensive (loss) income (188) – 38 1 (149) Less: Amounts attributable to noncontrolling interests (8) – – – (8) Balance at June 30, 2026 (4,356) – (1,035) (3) (5,394) The amounts reclassified out of OCI for the six and three months ended June 30, 2026 and 2025, were not significant. ===== SIDA 39 ===== 27 Q2 2026 FINANCIAL INFORMATION ─ Note 16 Operating segment data The Chief Operating Decision Maker (CODM) is the Chief Executive Officer. The CODM allocates resources to and assesses the pe rformance of each operating segment using the information outlined below. The Company is organized into the following segments, based on products and services: Electrification, Motion and Automation. The remaining operations of the Company are included in Corporate and Other. A description of the types of products and services provided by each reportable segment is as follows: • Electrification: manufactures and sells electrical products and solutions which are designed to provide the efficient and reliable distribution of electricity from source to socket. The portfolio of increasingly digital and connected solutions includes renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgear, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions, designed to integrate and automate lighting, heating, ventilation, security and data communication networks. The products and services are delivered through five operating divisions: Distribution Solutions, Smart Power, Smart Buildings, Installation Products, and Service. • Motion: designs, manufactures and sells drives, motors, generators and traction converters that are driving the low -carbon future for industries, cities, infrastructure and transportation. These products, digital technology and related services enable industr ial customers to increase energy efficiency, improve safety and reliability, and achieve precise control of their processes. Building on over 140 years of cumulative experience in electric powertrains, Motion combines domain expertise and technology to deliver the optimum solution for a wide range of applications in all industrial segments. In addition, Motion, along with its partners, has a leading global service presence. These products and services are delivered through six operating divisions: Motion High Power, Drive Products, Motion Services, Traction, IEC LV Motors and NEMA Motors. • Automation: offers a broad range of industry-specific, integrated automation, electrification and digital solutions, as well as lifecycle services for the process, hybrid and marine industries. The product portfolio includes control technologies; process, machine and factory automation; industrial software; advanced analytics; sensing and measurement technology; and marine propulsion systems. In addition, Automation offers a comprehensive range of services, from repair to advanced digital capabilities such as remote monitoring, preventive maintenance, asset performance management, emission monitoring and cybersecurity. The products and services are currently delivered through five operating divisions: Energy Industries, Process Industries, Marine & Ports, Measurement & Analytics and Machine Automation. Corporate and Other: Corporate includes headquarter costs, the Company’s corporate real estate activities and Corporate Treasury while Other inclu des the E-mobility operating segment and other non-core operating activities as well as the operating activities of certain divested businesses and stranded corporate costs related to the planned divestment of the Robotics division. The primary measure of profitability on which the operating segments are evaluated is Operational EBITA, which represents inc ome from operations excluding: • amortization expense on intangibles arising upon acquisition ( acquisition-related amortization), • restructuring, related and implementation costs, • changes in the amount recorded for obligations related to divested businesses occurring after the divestment date (changes in obligations related to divested businesses), • gains and losses from sale of businesses (including fair value adjustment on assets and liabilities held for sale , if any), • acquisition- and divestment-related expenses and integration costs, • certain other non-operational items, as well as • foreign exchange/commodity timing differences in income from operations consisting of: (a) unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives), (b) realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized, and (c) unrealized foreign exchange movements on receivables/payables (and related assets/liabilities). Certain other non-operational items generally includes certain regulatory, compliance and legal costs, certain asset write downs/impairments and certain other fair value changes, and certain environmental and related costs (net of insurance recoveries), as well as other items which are determined by management on a case-by-case basis. For all operating segments, the primary performance measure the CODM uses to allocate resources (including capital expenditur e and financial resources) and assess performance as part of the monthly business review process is Operational EBITA. As part of t his review process, current year-to-date budget-to-actual variances are provided (inclusive of key deviations) along with forecasted annual expectations and plans to address an y negative variances. Operational EBITA is also used to assess segment performance against targets set in the annual incentive plans as part of the compensation of the Company’s employees. The CODM primarily reviews the results of each segment on a basis that is before the elimination of profits made on inventory sales between segments. Segment results below are presented before these eliminations, with a total deduction for intersegment pro fits to arrive at the Company’s consolidated Operational EBITA. Intersegment sales and transfers are accounted for as if the sales and transfers were to third parties, at current market prices. For a category of expense to be classified as a significant segment expense, it must be significant to the segment, regularly provided to or easily computed from information regularly provided to the CODM and included in the primary measure of profitabilit y. Significant segment expenses include Operational cost of sales, Operational selling, general and administrative expenses, and Operational non -order related research and development costs, which respectively are comprised of Cost of sales, Selling, gener al and administrative expenses (excluding bad debt expense), and Non -order related research and development costs, with each of these expense categories being adjusted to exclude any costs incurred on behalf of other segments and any relevant non-operational items (as defined above). Other segment items represent Other income (expense) excluding its respective components of non -operational items (as defined above), bad debt expense, and foreign exchange/commodity timing differences in total revenues. ===== SIDA 40 ===== 28 Q2 2026 FINANCIAL INFORMATION The following tables present disaggregated segment revenues from contracts with customers , significant segment expenses, and Operational EBITA for the six and three months ended June 30, 2026 and 2025. Six months ended June 30, 2026 Corporate ($ in millions) Electrification Motion Automation and Other Total Geographical markets Europe 2,700 1,316 1,885 85 5,986 The Americas 4,545 1,489 1,055 90 7,179 of which: United States 3,749 1,231 697 66 5,743 Asia, Middle East and Africa 2,415 1,234 1,381 14 5,044 of which: China 999 617 414 – 2,030 9,660 4,039 4,321 189 18,209 Product type Products 9,034 3,434 2,707 148 15,323 Services and other 626 605 1,614 41 2,886 9,660 4,039 4,321 189 18,209 Third-party revenues 9,660 4,039 4,321 189 18,209 Intersegment revenues 153 320 19 (492) – Total revenues 9,813 4,359 4,340 (303) 18,209 Operational cost of sales (5,687) (2,726) (2,676) Operational selling, general and administrative expenses (1,506) (677) (784) Operational non-order related research and development expenses (264) (177) (218) Other segment items 50 32 (13) Operational EBITA 2,406 811 649 Six months ended June 30, 2025 Corporate ($ in millions) Electrification Motion Automation and Other Total Geographical markets Europe 2,451 1,159 1,648 83 5,341 The Americas 3,585 1,314 984 73 5,956 of which: United States 2,874 1,087 637 43 4,641 Asia, Middle East and Africa 2,009 1,169 1,176 26 4,380 of which: China 866 534 339 7 1,746 8,045 3,642 3,808 182 15,677 Product type Products 7,481 3,095 2,348 141 13,065 Services and other 564 547 1,460 41 2,612 8,045 3,642 3,808 182 15,677 Third-party revenues 8,045 3,642 3,808 182 15,677 Intersegment revenues 111 263 20 (394) – Total revenues 8,156 3,905 3,828 (212) 15,677 Operational cost of sales (4,670) (2,376) (2,328) Operational selling, general and administrative expenses (1,358) (603) (757) Operational non-order related research and development expenses (223) (151) (197) Other segment items 14 (8) (3) Operational EBITA 1,919 767 543 ===== SIDA 41 ===== 29 Q2 2026 FINANCIAL INFORMATION Three months ended June 30, 2026 Corporate ($ in millions) Electrification Motion Automation and Other Total Geographical markets Europe 1,377 653 918 46 2,994 The Americas 2,418 770 541 59 3,788 of which: United States 2,003 639 362 43 3,047 Asia, Middle East and Africa 1,316 642 727 8 2,693 of which: China 529 333 219 – 1,081 5,111 2,065 2,186 113 9,475 Product type Products 4,774 1,749 1,368 93 7,984 Services and other 337 316 818 20 1,491 5,111 2,065 2,186 113 9,475 Third-party revenues 5,111 2,065 2,186 113 9,475 Intersegment revenues 89 152 7 (248) – Total revenues 5,200 2,217 2,193 (135) 9,475 Operational cost of sales (3,025) (1,388) (1,354) Operational selling, general and administrative expenses (765) (343) (404) Operational non-order related research and development expenses (142) (93) (115) Other segment items 33 20 18 Operational EBITA 1,301 413 338 Three months ended June 30, 2025 Corporate ($ in millions) Electrification Motion Automation and Other Total Geographical markets Europe 1,297 619 833 44 2,793 The Americas 1,893 679 531 43 3,146 of which: United States 1,517 563 341 23 2,444 Asia, Middle East and Africa 1,074 633 635 14 2,356 of which: China 458 291 185 3 937 4,264 1,931 1,999 101 8,295 Product type Products 3,959 1,639 1,240 71 6,909 Services and other 305 292 759 30 1,386 4,264 1,931 1,999 101 8,295 Third-party revenues 4,264 1,931 1,999 101 8,295 Intersegment revenues 67 134 11 (212) – Total revenues 4,331 2,065 2,010 (111) 8,295 Operational cost of sales (2,481) (1,263) (1,240) Operational selling, general and administrative expenses (708) (314) (396) Operational non-order related research and development expenses (118) (78) (100) Other segment items 9 (3) 14 Operational EBITA 1,033 407 288 ===== SIDA 42 ===== 30 Q2 2026 FINANCIAL INFORMATION The following tables present Operational EBITA, the reconciliations of consolidated Operational EBITA to Income from continui ng operations before taxes, as well as Depreciation and amortization, and Capital expenditures for the six and three months ended June 30, 2026 and 2025, and Total assets at June 30, 2026, and December 31, 2025: Six months ended Three months ended June 30, June 30, ($ in millions) 2026 2025 2026 2025 Operational EBITA: Electrification 2,406 1,919 1,301 1,033 Motion 811 767 413 407 Automation 649 543 338 288 Corporate and Other ‒ E-mobility (65) (89) (18) (42) ‒ Stranded corporate costs (51) (62) (25) (33) ‒ Corporate costs, Intersegment elimination and other 224 15 (84) (55) Total 3,974 3,093 1,925 1,598 Acquisition-related amortization (98) (91) (51) (48) Restructuring, related and implementation costs (1) (64) (20) (16) (7) Changes in obligations related to divested businesses 5 3 – 2 Gains and losses from sale of businesses 7 12 5 1 Acquisition- and divestment-related expenses and integration costs (35) (27) (23) (19) Foreign exchange/commodity timing differences in income from operations: Unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives) (209) 72 (95) (4) Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized 5 1 4 1 Unrealized foreign exchange movements on receivables/payables (and related assets/liabilities) 32 (45) 7 (20) Certain other non-operational items: Business transformation costs(2) (48) (92) (20) (48) Environmental and related costs (94) (1) (94) (1) Certain other fair value changes, including asset impairments (106) 26 (53) 10 Other non-operational items (4) 9 (4) 1 Income from operations 3,365 2,940 1,585 1,466 Interest and dividend income 90 95 41 41 Interest and other finance expense (38) (49) (9) (6) Non-operational pension (cost) credit 35 30 17 16 Income from continuing operations before taxes 3,452 3,016 1,634 1,517 (1) Includes impairment of certain assets. (2) Amount includes ABB Way process transformation costs of $86 million and $43 million for the six and three months ended June 30, 2025, respectively. Depreciation and amortization Six months ended Three months ended June 30, June 30, ($ in millions) 2026 2025 2026 2025 Electrification 242 215 123 112 Motion 98 85 51 43 Automation 61 56 31 28 Corporate and Other 29 32 15 19 Consolidated 430 388 220 202 Capital expenditures Six months ended Three months ended June 30, June 30, ($ in millions) 2026 2025 2026 2025 Electrification 283 198 164 119 Motion 69 90 40 44 Automation 39 45 19 23 Corporate and Other 26 52 13 16 Consolidated(1) 417 385 236 202 (1) Capital expenditures are after intersegment eliminations and therefore reflect third -party assets only. ===== SIDA 43 ===== 31 Q2 2026 FINANCIAL INFORMATION Total assets(1) ($ in millions) June 30, 2026 December 31, 2025 Electrification 16,401 15,088 Motion 7,909 7,648 Automation 6,957 7,070 Corporate and Other(2) 14,469 15,079 Consolidated 45,736 44,885 (1) Total assets are after intersegment eliminations and therefore reflect third-party assets only. (2) At June 30, 2026, and December 31, 2025, Corporate and Other includes $3,966 million and $3,562 million, respectively, of assets reported in discontinued operations (see Note 3). ===== SIDA 44 ===== 32 Q2 2026 FINANCIAL INFORMATION ===== SIDA 45 ===== 33 Q2 2026 FINANCIAL INFORMATION — Supplemental Reconciliations and Definitions The following reconciliations and definitions include alternative performance measures which ABB uses to supplement its Consolidated Financial Information (unaudited) which is prepared in accordance with United States generally accepted accounting principles (U.S. GAAP). Certain of these financial measures are not defined under U.S. GAAP. While ABB’s management believes that the measures herein are useful in evaluating ABB’s operating results, this information s hould be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with U.S. GAAP. Therefore these measures should not be viewed in isolation but considered together with the Consolidated Financial Informatio n (unaudited) prepared in accordance with U.S. GAAP as of and for the six and three months ended June 30, 2026. Comparable growth rates Growth rates for certain key figures may be presented and discussed on a “comparable” basis. The comparable growth rate measu res growth on a constant currency basis. Since we are a global company, the comparability of our operating results reported in U.S. dollars is affected by foreign currency exchange rate fluctuations. We calculate the impacts from foreign currency fluctuations by translating the current -year periods’ reported key figures into U.S. dollar amounts using the exchange rates in effect for t he comparable periods in the previous year. Comparable growth rates are also adjusted for changes in our business portfolio. Adjustments to our business portfolio occur due to acquisitions, divestments, or by exiting specific business activities or customer markets. The adjustment for portfolio chan ges is calculated as follows: where the results of any business acquired or divested have not been consolidated and reported for the entire duration of both the curr ent and comparable periods, the reported key figures of such business are adjusted to exclu de the relevant key figures of any corresponding quarters which are not comparable when computing the comparable growth rate. Certain portfolio changes which do not qualify as divestments under U.S . GAAP have been treated in a similar manner to divestments. Changes in our portfolio where we have exited certain business activities or customer markets are adjusted as if the relevant business was divested in the period when the decision to cease business activities was taken. We do not ad just for portfolio changes where the relevant business has annualized revenues of less than $50 million. The following tables provide reconciliations of reported growth rates of certain key figures to their respective comparable g rowth rate. Comparable growth rate reconciliation by Business Area Q2 2026 compared to Q2 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Business Area reported) impact changes Comparable reported) impact changes Comparable Electrification 60% -2% 0% 58% 20% -2% 1% 19% Motion 23% -3% 0% 20% 7% -2% -1% 4% Automation -13% -1% 0% -14% 9% -2% 0% 7% ABB Group 30% -2% 0% 28% 14% -2% 0% 12% H1 2026 compared to H1 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Business Area reported) impact changes Comparable reported) impact changes Comparable Electrification 56% -5% 0% 51% 20% -3% 0% 17% Motion 20% -4% -2% 14% 12% -4% -3% 5% Automation -2% -4% 0% -6% 13% -5% 0% 8% ABB Group 31% -4% -1% 26% 16% -4% 0% 12% ===== SIDA 46 ===== 34 Q2 2026 FINANCIAL INFORMATION Regional comparable growth rate reconciliation Regional comparable growth rate reconciliation for ABB Group - Quarter Q2 2026 compared to Q2 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 16% -4% 0% 12% 7% -3% -1% 3% The Americas 53% -1% 0% 52% 20% -1% 0% 19% of which: United States 62% 0% 0% 62% 25% 0% -1% 24% Asia, Middle East and Africa 13% -1% 0% 12% 14% -1% 0% 13% of which: China 17% -7% 0% 10% 15% -6% 1% 10% ABB Group 30% -2% 0% 28% 14% -2% 0% 12% Regional comparable growth rate reconciliation by business area - Quarter Q2 2026 compared to Q2 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 19% -3% 0% 16% 6% -3% 0% 3% The Americas 114% 0% 0% 114% 28% -1% 0% 27% of which: United States 132% 0% 0% 132% 32% 0% 0% 32% Asia, Middle East and Africa 21% -2% 1% 20% 24% -2% 1% 23% of which: China 20% -7% 1% 14% 15% -6% 2% 11% Electrification 60% -2% 0% 58% 20% -2% 1% 19% Q2 2026 compared to Q2 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 15% -4% -2% 9% 6% -3% -3% 0% The Americas 46% -1% -1% 44% 12% -1% -2% 9% of which: United States 52% -1% 0% 51% 13% 0% -3% 10% Asia, Middle East and Africa 6% -1% 0% 5% 3% -1% -1% 1% of which: China 9% -6% 0% 3% 13% -6% 0% 7% Motion 23% -3% 0% 20% 7% -2% -1% 4% Q2 2026 compared to Q2 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 11% -4% 0% 7% 10% -4% 0% 6% The Americas -46% -1% 0% -47% 2% -2% 0% 0% of which: United States -55% 0% 0% -55% 6% 0% 0% 6% Asia, Middle East and Africa 4% 0% 0% 4% 14% -1% 0% 13% of which: China 21% -7% 0% 14% 18% -5% 0% 13% Automation -13% -1% 0% -14% 9% -2% 0% 7% ===== SIDA 47 ===== 35 Q2 2026 FINANCIAL INFORMATION Regional comparable growth rate reconciliation for ABB Group – Year to date H1 2026 compared to H1 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 21% -8% -1% 12% 12% -7% -2% 3% The Americas 53% -2% -1% 50% 21% -2% 0% 19% of which: United States 66% -1% -1% 64% 24% -1% 0% 23% Asia, Middle East and Africa 14% -2% -1% 11% 15% -2% 0% 13% of which: China 13% -6% -1% 6% 16% -6% 0% 10% ABB Group 31% -4% -1% 26% 16% -4% 0% 12% Regional comparable growth rate reconciliation by Business Area – Year to date H1 2026 compared to H1 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 27% -9% 0% 18% 10% -7% 0% 3% The Americas 99% -2% 0% 97% 27% -1% 0% 26% of which: United States 116% 0% 0% 116% 31% 0% 0% 31% Asia, Middle East and Africa 23% -2% 0% 21% 21% -3% 1% 19% of which: China 20% -7% 0% 13% 15% -6% 1% 10% Electrification 56% -5% 0% 51% 20% -3% 0% 17% H1 2026 compared to H1 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 16% -8% -2% 6% 13% -7% -5% 1% The Americas 34% -2% -4% 28% 13% -1% -2% 10% of which: United States 39% -2% -4% 33% 14% -1% -2% 11% Asia, Middle East and Africa 11% -2% 0% 9% 8% -2% -1% 5% of which: China 10% -7% 0% 3% 17% -6% 0% 11% Motion 20% -4% -2% 14% 12% -4% -3% 5% H1 2026 compared to H1 2025 Order growth rate Revenue growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Region reported) impact changes Comparable reported) impact changes Comparable Europe 22% -9% 0% 13% 14% -8% 0% 6% The Americas -30% -2% 0% -32% 8% -3% 0% 5% of which: United States -36% 0% 0% -36% 10% -1% 0% 9% Asia, Middle East and Africa -2% -2% 0% -4% 17% -2% 0% 15% of which: China 3% -4% 0% -1% 22% -6% 0% 16% Automation -2% -4% 0% -6% 13% -5% 0% 8% ===== SIDA 48 ===== 36 Q2 2026 FINANCIAL INFORMATION Order backlog growth rate reconciliation June 30, 2026 compared to June 30, 2025 US$ Foreign (as exchange Portfolio Business Area reported) impact changes Comparable Electrification 57% 2% 0% 59% Motion 14% 2% -2% 14% Automation 12% 1% 0% 13% ABB Group 27% 1% 0% 28% Other growth rate reconciliations Q2 2026 compared to Q2 2025 Service orders growth rate Services revenues growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Business Area reported) impact changes Comparable reported) impact changes Comparable Electrification 31% -2% 0% 29% 10% -1% 0% 9% Motion 8% -2% -1% 5% 8% -3% 0% 5% Automation -36% -2% 0% -38% 8% -3% 0% 5% ABB Group -18% -2% 0% -20% 8% -3% 0% 5% H1 2026 compared to H1 2025 Service orders growth rate Services revenues growth rate US$ Foreign US$ Foreign (as exchange Portfolio (as exchange Portfolio Business Area reported) impact changes Comparable reported) impact changes Comparable Electrification 23% -4% 0% 19% 11% -3% 0% 8% Motion 9% -5% -1% 3% 11% -5% -1% 5% Automation -20% -3% 0% -23% 11% -5% 0% 6% ABB Group -7% -4% 0% -11% 10% -4% 0% 6% ===== SIDA 49 ===== 37 Q2 2026 FINANCIAL INFORMATION Operational EBITA as % of operational revenues (Operational EBITA margin) Definition Operational EBITA margin Operational EBITA margin is Operational EBITA as a percentage of operational revenues. Operational EBITA Operational earnings before interest, taxes and acquisition -related amortization (Operational EBITA) represents Income from operations excluding: • acquisition-related amortization (as defined below), • restructuring, related and implementation costs, • changes in the amount recorded for obligations related to divested businesses occurring after the divestment date (changes in obligations related to divested businesses), • gains and losses from sale of businesses (including fair value adjustment on assets and liabilities held for sale , if any), • acquisition- and divestment-related expenses and integration costs, • certain other non-operational items, as well as • foreign exchange/commodity timing differences in income from operations consisting of: (a) unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives), (b) realized gains and losses on derivatives where the underlying h edged transaction has not yet been realized, and (c) unrealized foreign exchange movements on receivables/payables (and related assets/liabilities). Certain other non-operational items generally includes certain regulatory, compliance and legal costs, certain asset write downs/impairments and certain other fair value changes, and certain environmental and related costs (net of insurance recoveries), as well as other items which are determined by management on a case-by-case basis. Operational EBITA is our measure of segment profit but is also used by management to evaluate the profitability of the Company as a whole. Acquisition-related amortization Amortization expense on intangibles arising upon acquisition. Restructuring, related and implementation costs Restructuring, related and implementation costs consists of restructuring and other related expenses, as well as internal and external costs relating to the implementation of group-wide restructuring programs. Operational revenues The Company presents operational revenues solely for the purpose of allowing the computation of Operational EBITA margin. Operational revenues are Total revenues adjusted for foreign exchange/commodity timing differences in total revenues of: (i) unrealized gains and losses on derivatives, (ii) realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized, and (iii) unrealized foreign exchange movements on receivables (and related assets). Operational revenues are not intended to be an alternative measure to Total revenues, which represent our revenues measured in accordance with U.S. GAAP. Reconciliation The following tables provide reconciliations of consolidated Operational EBITA to Net Income and Operational EBITA margin by business. Reconciliation of consolidated Operational EBITA to Net Income Six months ended June 30, Three months ended June 30, ($ in millions) 2026 2025 2026 2025 Operational EBITA 3,974 3,093 1,925 1,598 Acquisition-related amortization (98) (91) (51) (48) Restructuring, related and implementation costs (1) (64) (20) (16) (7) Changes in obligations related to divested businesses 5 3 – 2 Gains and losses from sale of businesses 7 12 5 1 Acquisition- and divestment-related expenses and integration costs (35) (27) (23) (19) Certain other non-operational items (252) (58) (171) (38) Foreign exchange/commodity timing differences in income from operations (172) 28 (84) (23) Income from operations 3,365 2,940 1,585 1,466 Interest and dividend income 90 95 41 41 Interest and other finance expense (38) (49) (9) (6) Non-operational pension (cost) credit 35 30 17 16 Income from continuing operations before taxes 3,452 3,016 1,634 1,517 Income tax expense (883) (848) (416) (404) Income from continuing operations, net of tax 2,569 2,168 1,218 1,113 Income from discontinued operations, net of tax 20 131 38 68 Net income 2,589 2,299 1,256 1,181 (1) Includes impairment of certain assets. ===== SIDA 50 ===== 38 Q2 2026 FINANCIAL INFORMATION Reconciliation of Operational EBITA margin by business Three months ended June 30, 2026 Corporate and Other and Intersegment ($ in millions, unless otherwise indicated) Electrification Motion Automation elimination Consolidated Total revenues 5,200 2,217 2,193 (135) 9,475 Foreign exchange/commodity timing differences in total revenues: Unrealized gains and losses on derivatives 18 9 10 (2) 35 Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized (1) – (2) (1) (4) Unrealized foreign exchange movements on receivables (and related assets) 6 9 – (1) 14 Operational revenues 5,223 2,235 2,201 (139) 9,520 Income (loss) from operations 1,172 376 327 (290) 1,585 Acquisition-related amortization 27 15 9 – 51 Restructuring, related and implementation costs(1) 4 3 6 3 16 Gains and losses from sale of businesses (2) – (9) 6 (5) Acquisition- and divestment-related expenses and integration costs 17 2 3 1 23 Certain other non-operational items 7 3 2 159 171 Foreign exchange/commodity timing differences in income from operations: Unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives) 81 11 6 (3) 95 Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized – 1 (3) (2) (4) Unrealized foreign exchange movements on receivables/payables (and related assets/liabilities) (5) 2 (3) (1) (7) Operational EBITA 1,301 413 338 (127) 1,925 Operational EBITA margin (%) 24.9% 18.5% 15.4% n.a. 20.2% (1) Includes impairment of certain assets. In the three months ended June 30, 2026, Certain other non-operational items in the table above includes the following: Three months ended June 30, 2026 Corporate ($ in millions, unless otherwise indicated) Electrification Motion Automation and Other Consolidated Certain other non-operational items: Business transformation costs 2 3 4 11 20 Environmental and related costs – – – 94 94 Certain other fair values changes, including asset impairments 4 – (2) 51 53 Other non-operational items 1 – – 3 4 Total 7 3 2 159 171 ===== SIDA 51 ===== 39 Q2 2026 FINANCIAL INFORMATION Three months ended June 30, 2025 Corporate and Other and Intersegment ($ in millions, unless otherwise indicated) Electrification Motion Automation elimination Consolidated Total revenues 4,331 2,065 2,010 (111) 8,295 Foreign exchange/commodity timing differences in total revenues: Unrealized gains and losses on derivatives (19) (7) 20 – (6) Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized – (1) (1) (1) (3) Unrealized foreign exchange movements on receivables (and related assets) 11 – (1) – 10 Operational revenues 4,323 2,057 2,028 (112) 8,296 Income (loss) from operations 990 393 266 (183) 1,466 Acquisition-related amortization 29 9 9 1 48 Restructuring, related and implementation costs(1) 4 5 1 (3) 7 Changes in obligations related to divested businesses – – – (2) (2) Gains and losses from sale of businesses (2) – – 1 (1) Acquisition- and divestment-related expenses and integration costs 9 1 4 5 19 Certain other non-operational items 2 4 – 32 38 Foreign exchange/commodity timing differences in income from operations: Unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives) (7) (8) 9 10 4 Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized – – – (1) (1) Unrealized foreign exchange movements on receivables/payables (and related assets/liabilities) 8 3 (1) 10 20 Operational EBITA 1,033 407 288 (130) 1,598 Operational EBITA margin (%) 23.9% 19.8% 14.2% n.a. 19.3% (1) Includes impairment of certain assets. In the three months ended June 30, 2025, Certain other non-operational items in the table above includes the following: Three months ended June 30, 2025 Corporate ($ in millions, unless otherwise indicated) Electrification Motion Automation and Other Consolidated Certain other non-operational items: Business transformation costs – 3 – 45 48 Environmental and related costs – – – 1 1 Certain other fair values changes, including asset impairments – 1 – (11) (10) Other non-operational items 2 – – (3) (1) Total 2 4 – 32 38 (1) Amounts include ABB Way process transformation costs of $43 million for the three months ended June 30, 2025. ===== SIDA 52 ===== 40 Q2 2026 FINANCIAL INFORMATION Six months ended June 30, 2026 Corporate and Other and Intersegment ($ in millions, unless otherwise indicated) Electrification Motion Automation elimination Consolidated Total revenues 9,813 4,359 4,340 (303) 18,209 Foreign exchange/commodity timing differences in total revenues: Unrealized gains and losses on derivatives 47 21 (1) 2 69 Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized (1) – (6) – (7) Unrealized foreign exchange movements on receivables (and related assets) (23) 1 (10) (6) (38) Operational revenues 9,836 4,381 4,323 (307) 18,233 Income (loss) from operations 2,141 687 614 (77) 3,365 Acquisition-related amortization 54 26 18 – 98 Restructuring, related and implementation costs(1) 30 10 19 5 64 Changes in obligations related to divested businesses – – – (5) (5) Gains and losses from sale of businesses (2) – (9) 4 (7) Acquisition- and divestment-related expenses and integration costs 24 4 5 2 35 Certain other non-operational items 13 49 7 183 252 Foreign exchange/commodity timing differences in income from operations: Unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives) 166 36 11 (4) 209 Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized – 1 (7) 1 (5) Unrealized foreign exchange movements on receivables/payables (and related assets/liabilities) (20) (2) (9) (1) (32) Operational EBITA 2,406 811 649 108 3,974 Operational EBITA margin (%) 24.5% 18.5% 15.0% n.a. 21.8% (1) Includes impairment of certain assets. In the six months ended June 30, 2026, Certain other non-operational items in the table above includes the following: Six months ended June 30, 2026 Corporate ($ in millions, unless otherwise indicated) Electrification Motion Automation and Other Consolidated Certain other non-operational items: Business transformation costs 9 7 9 23 48 Environmental and related costs – – – 94 94 Certain other fair values changes, including asset impairments 2 41 (2) 65 106 Other non-operational items 2 1 – 1 4 Total 13 49 7 183 252 ===== SIDA 53 ===== 41 Q2 2026 FINANCIAL INFORMATION Six months ended June 30, 2025 Corporate and Other and Intersegment ($ in millions, unless otherwise indicated) Electrification Motion Automation elimination Consolidated Total revenues 8,156 3,905 3,828 (212) 15,677 Foreign exchange/commodity timing differences in total revenues: Unrealized gains and losses on derivatives (53) (16) (3) (3) (75) Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized (1) – (6) (1) (8) Unrealized foreign exchange movements on receivables (and related assets) 41 5 10 3 59 Operational revenues 8,143 3,894 3,829 (213) 15,653 Income (loss) from operations 1,912 754 521 (247) 2,940 Acquisition-related amortization 55 18 17 1 91 Restructuring, related and implementation costs(1) 10 7 5 (2) 20 Changes in obligations related to divested businesses – – – (3) (3) Gains and losses from sale of businesses (13) – – 1 (12) Acquisition- and divestment-related expenses and integration costs 19 2 5 1 27 Certain other non-operational items (29) 10 (2) 79 58 Foreign exchange/commodity timing differences in income from operations: Unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives) (64) (31) (9) 32 (72) Realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized 1 1 (2) (1) (1) Unrealized foreign exchange movements on receivables/payables (and related assets/liabilities) 28 6 8 3 45 Operational EBITA 1,919 767 543 (136) 3,093 Operational EBITA margin (%) 23.6% 19.7% 14.2% n.a. 19.8% In the six months ended June 30, 2025, certain other non-operational items in the table above includes the following: Six months ended June 30, 2025 Corporate ($ in millions, unless otherwise indicated) Electrification Motion Automation and Other Consolidated Certain other non-operational items: Business transformation costs(1) 1 5 – 86 92 Environmental and related costs – – – 1 1 Certain other fair values changes, including asset impairments (25) 4 (2) (3) (26) Other non-operational items (5) 1 – (5) (9) Total (29) 10 (2) 79 58 (1) Amounts include ABB Way process transformation costs of $86 million for the six months ended June 30, 2025. ===== SIDA 54 ===== 42 Q2 2026 FINANCIAL INFORMATION Net debt Definition Net debt Net debt is defined as Total debt less Cash and marketable securities. Total debt Total debt is the sum of Short-term debt and current maturities of long-term debt, and Long-term debt. Cash and marketable securities Cash and marketable securities is the sum of Cash and equivalents and Marketable securities and short -term investments. Reconciliation ($ in millions) June 30, 2026 December 31, 2025 Short-term debt and current maturities of long -term debt 1,610 475 Long-term debt 6,567 7,829 Total debt 8,177 8,304 Cash and equivalents 3,867 4,640 Marketable securities and short-term investments 1,990 1,981 Cash and marketable securities 5,857 6,621 Net debt 2,320 1,683 Net debt/Equity ratio Definition Net debt/Equity ratio Net debt/Equity ratio is defined as Net debt divided by Equity. Equity Equity is defined as Total stockholders’ equity. Reconciliation ($ in millions, unless otherwise indicated) June 30, 2026 December 31, 2025 Total stockholders' equity 16,405 16,646 Net debt (see above) 2,320 1,683 Net debt / Equity ratio 0.14 0.10 Net debt/EBITDA ratio Definition Net debt/EBITDA ratio Net debt/EBITDA ratio is defined as Net debt divided by EBITDA. EBITDA EBITDA is defined as Income from operations for the trailing twelve months preceding the balance sheet date before depreciati on and amortization for the same trailing twelve-month period. Reconciliation ($ in millions, unless otherwise indicated) June 30, 2026 June 30, 2025 Income from operations for the three months ended: September 30, 2025 / 2024 1,602 1,225 December 31, 2025 / 2024 1,505 1,094 March 31, 2026 / 2025 1,780 1,474 June 30, 2026 / 2025 1,585 1,466 Depreciation and Amortization for the three months ended: September 30, 2025 / 2024 204 184 December 31, 2025 / 2024 221 194 March 31, 2026 / 2025 210 186 June 30, 2026 / 2025 220 202 EBITDA 7,327 6,025 Net debt (as defined above) 2,320 3,694 Net debt / EBITDA ratio 0.32 0.61 ===== SIDA 55 ===== 43 Q2 2026 FINANCIAL INFORMATION Net working capital Definition Net working capital Net working capital is the sum of (i) receivables, net, (ii) contract assets, (iii) inventories, net, and (iv) prepaid expenses; less (v) accounts payable, trade, (vi) contract liabilities and (vii) other current liabilities (excluding primarily: (a) income taxes payable, (b) current derivative liabilities, (c) pension and other employee benefits, (d) payables under the share buyback program and (e) liabilities related to certain other restructuring -related activities); and including the amounts related to these accounts which have been presented as either assets or liabilities held for sale. Reconciliation ($ in millions, unless otherwise indicated) June 30, 2026 June 30, 2025 Net working capital: Receivables, net 8,033 7,461 Contract assets 1,189 1,083 Inventories, net 6,471 6,007 Prepaid expenses 358 354 Accounts payable, trade (5,868) (4,918) Contract liabilities (3,545) (3,109) Other current liabilities(1) (3,592) (3,455) Net working capital 3,046 3,423 (1) Amounts exclude $926 million and $1,027 million at June 30, 2026 and 2025, respectively, related primarily to (a) income taxes payable, (b) current derivative liabilities, (c) pension and other employee benefits, (d) payables under the share buyback program, (e) dividends payable and (f) liabilities related to certain restructuring -related activitie s. ===== SIDA 56 ===== 44 Q2 2026 FINANCIAL INFORMATION Average trade net working capital as a percentage of revenues Definition Average trade net working capital as a percentage of revenues Average trade net working capital as a percentage of revenues is calculated as Average trade net working capital divided by T otal revenues for the trailing twelve months (being total revenues for the twelve months preceding the relevant balance sheet date). Average trade net working capital Average trade net working capital is calculated as the average of the opening and closing Trade net working capital for each of the four quarters during the trailing twelve-month period (4-quarter average). Trade net working capital Trade net working capital is the sum of (i) trade receivables, net (comprised of trade accounts receivable net of related allowance, presented within Receivables, net, on the Consolidated Balance Sheets), (ii) contract assets, and (iii) inventories, net; less (iv) accounts payable, trade, (v) contract liabilities and (vi) accrued expenses, operating (comprised of accruals related to customer rebates, unpaid interest and other general operating expenses; all of which are presented within Other current liabilities on the Consolidated Balance Sheets); and including the amounts related to these accounts which have been presented as either assets or liabilities held for sale. Reconciliation June 30, March 31, December 31, September 30, June 30, ($ in millions, unless otherwise indicated) 2026 2026 2025 2025 2025 Trade net working capital: Trade receivables, net 7,400 6,959 6,884 6,838 6,837 Contract assets 1,189 1,152 1,090 1,062 1,083 Inventories, net 6,471 6,056 5,862 6,051 6,007 Accounts payable, trade (5,868) (5,423) (5,210) (4,936) (4,918) Contract liabilities (3,545) (3,475) (3,221) (3,204) (3,109) Accrued expenses, operating (1,320) (1,252) (1,346) (1,370) (1,254) Trade net working capital in assets and liabilities held for sale – – – (8) – Trade net working capital 4,327 4,017 4,059 4,433 4,646 Average of opening and closing Trade net working capital 4,172 4,038 4,246 4,540 Average trade net working capital 4,249 Total revenues for the three months ended: September 30, 2025 8,491 December 31, 2025 9,052 March 31, 2026 8,734 June 30, 2026 9,475 Total revenues for the trailing twelve months 35,752 Average trade net working capital as a percentage of revenues (%) 11.9% June 30, March 31, December 31, September 30, June 30, ($ in millions, unless otherwise indicated) 2025 2025 2024 2024 2024 Trade net working capital: Trade receivables, net 6,837 6,401 6,277 6,360 6,415 Contract assets 1,083 992 889 967 868 Inventories, net 6,007 5,680 5,420 6,100 5,809 Accounts payable, trade (4,918) (4,676) (4,681) (4,798) (4,759) Contract liabilities (3,109) (2,986) (2,704) (2,795) (2,682) Accrued expenses, operating (1,254) (1,189) (1,234) (1,327) (1,228) Trade net working capital in assets and liabilities held for sale – – – 20 – Trade net working capital 4,646 4,222 3,967 4,527 4,423 Average of opening and closing Trade net working capital 4,434 4,095 4,247 4,475 Average trade net working capital 4,313 Total revenues for the three months ended: September 30, 2024 7,591 December 31, 2024 7,996 March 31, 2025 7,382 June 30, 2025 8,295 Total revenues for the trailing twelve months 31,264 Average trade net working capital as a percentage of revenues (%) 13.8% ===== SIDA 57 ===== 45 Q2 2026 FINANCIAL INFORMATION Return on Capital employed (ROCE) Definition Return on Capital employed (ROCE) Return on Capital employed (ROCE) is calculated as Operational EBITA after tax for the trailing twelve months divided by the unrounded average of the opening and closing Capital employed for each of the four quarters during the trailing twelve -month period (4-quarter average). Capital employed Capital employed is calculated as the sum of Adjusted total fixed assets and Net working capital (as defined above). Adjusted total fixed assets Adjusted total fixed assets is the sum of (i) property, plant and equipment, net, (ii) goodwill, (iii) intangible assets, net, (iv) investments in equity-accounted companies, (v) operating lease right-of-use assets, and (vi) fixed assets included in assets held for sale, less (vii) deferred tax liabilities recognized in certain acquisitions. Notional tax on Operational EBITA The Notional tax on Operational EBITA is computed using a consistent notional tax rate, approximately representative of the Company’s weighted - average global tax rate, multiplied by Operational EBITA. The notional tax rate is subject to adjustment for significant changes in the Company’s weighted-average global tax rate. Reconciliation June 30, March 31, December 31, September 30, June 30, ($ in millions, unless otherwise indicated) 2026 2026 2025 2025 2025 Adjusted total fixed assets: Property, plant and equipment, net 4,700 4,605 4,692 4,443 4,396 Goodwill 9,636 9,585 9,637 9,522 9,507 Intangible assets, net 1,075 1,088 1,119 1,096 1,140 Investments in equity-accounted companies 340 321 349 381 369 Operating lease right-of-use assets 783 785 765 754 761 Fixed assets included in assets held for sale – – – 9 – Total fixed assets 16,534 16,384 16,562 16,205 16,173 Less: Deferred taxes recognized in certain acquisitions (1) (177) (188) (199) (210) (220) Adjusted total fixed assets 16,357 16,196 16,363 15,995 15,953 Net working capital - (as defined above) 3,046 2,705 2,372 2,993 3,423 Capital employed 19,403 18,901 18,735 18,988 19,376 Average of opening and closing Capital employed 19,152 18,818 18,862 19,182 Operational EBITA for the three months ended 1,925 2,049 1,588 1,633 Operational EBITA for the trailing twelve months 7,195 Notional tax on Operational EBITA (1,799) Operational EBITA after tax for the trailing twelve months 5,396 Average Capital employed (4 quarters) 19,003 Return on Capital Employed (ROCE) 28.4% (1) Amount relates to GEIS acquired in 2018, B&R acquired in 2017, Thomas & Betts acquired in 2012 and Baldor acquired in 2011. ===== SIDA 58 ===== 46 Q2 2026 FINANCIAL INFORMATION June 30, March 31, December 31, September 30, June 30, ($ in millions, unless otherwise indicated) 2025 2025 2024 2024 2024 Adjusted total fixed assets: Property, plant and equipment, net 4,396 4,099 3,986 4,050 3,911 Goodwill 9,507 9,305 8,801 8,774 8,752 Intangible assets, net 1,140 1,134 999 981 1,034 Investments in equity-accounted companies 369 361 351 172 173 Operating lease right-of-use assets 761 765 752 779 772 Fixed assets included in assets held for sale – – – 176 – Total fixed assets 16,173 15,664 14,889 14,932 14,642 Less: Deferred taxes recognized in certain acquisitions (1) (220) (231) (242) (253) (265) Adjusted total fixed assets 15,953 15,433 14,647 14,679 14,377 Net working capital - (as defined above) 3,423 3,037 2,403 3,231 3,213 Capital employed 19,376 18,470 17,050 17,910 17,590 Average of opening and closing Capital employed 18,923 17,760 17,480 17,750 Operational EBITA for the three months ended 1,598 1,495 1,330 1,457 Operational EBITA for the trailing twelve months 5,880 Notional tax on Operational EBITA (1,470) Operational EBITA after tax for the trailing twelve months 4,410 Average Capital employed (4 quarters) 17,978 Return on Capital Employed (ROCE) 24.5% (1) Amount relates to GEIS acquired in 2018, B&R acquired in 2017, Thomas & Betts acquired in 2012 and Baldor acquired in 2011. ===== SIDA 59 ===== 47 Q2 2026 FINANCIAL INFORMATION Free cash flow Definition Free cash flow Free cash flow is calculated as net cash provided by operating activities adjusted for: (i) purchases of property, plant and equipment and intangible assets, and (ii) proceeds from sales of property, plant and equipment . Reconciliation Six months ended June 30, Three months ended June 30, ($ in millions, unless otherwise indicated) 2026 2025 2026 2025 Net cash provided by operating activities – continuing operations 2,315 1,579 1,303 971 Adjusted for the effects of continuing operations: Purchases of property, plant and equipment and intangible assets (417) (385) (236) (202) Proceeds from sale of property, plant and equipment 462 173 25 10 Free cash flow – continuing operations 2,360 1,367 1,092 779 Net cash provided by (used in) operating activities – discontinued operations (136) 164 (153) 88 Adjusted for the effects of discontinued operations: Purchases of property, plant and equipment and intangible assets (93) (34) (58) (22) Free cash flow – discontinued operations (229) 130 (211) 66 Free cash flow 2,131 1,497 881 845 Free cash flow conversion to net income Definition Free cash flow conversion to net income Free cash flow conversion to net income is calculated as free cash flow divided by Adjusted net income. Adjusted net income Adjusted net income is calculated as Net income adjusted for gains or losses arising on sale of certain businesses and certain other significant items within net income which are also excluded / adjusted for when calculating operating cashflows. Free cash flow for the trailing twelve months Free cash flow for the trailing twelve months is defined as Free cash flow for the twelve months preceding the relevant balan ce sheet date. Adjusted net income for the trailing twelve months Adjusted net income for the trailing twelve months is defined as Adjusted net income for the twelve months preceding the rele vant balance sheet date. Reconciliation Trailing twelve months to ($ in millions, unless otherwise indicated) June 30, 2026 December 31, 2025 Net cash provided by operating activities 5,887 5,469 Adjusted for the effects of continuing operations: Purchases of property, plant and equipment and intangible assets (1,033) (1,001) Proceeds from sale of property, plant and equipment 483 194 Adjusted for the effects of discontinued operations: Purchases of property, plant and equipment and intangible assets (157) (98) Proceeds from sale of property, plant and equipment 2 2 Free cash flow 5,182 4,566 Adjusted net income(1) 5,084 4,757 Free cash flow conversion to net income 102% 96% (1) Adjusted net income for the year ended December 31, 2025, is adjusted to exclude $53 million of gains arising on sale of certain investments and intangible assets, and adjustments to the gain on sale of Power Grids of $13 million. Reconciliation of the trailing twelve months to June 30, 2026 Continuing operations Discontinued operations ($ in millions) Net cash provided by operating activities Purchases of property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment Purchases of property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment Adjusted net income(1) Q3 2025 1,777 (207) 3 (22) 1 1,215 Q4 2025 1,949 (409) 18 (42) 1 1,280 Q1 2026 1,011 (181) 437 (35) – 1,333 Q2 2026 1,150 (236) 25 (58) – 1,256 Total for the trailing twelve months to June 30, 2026 5,887 (1,033) 483 (157) 2 5,084 (1) Adjusted net income for Q3 2025 is adjusted to exclude adjustments to the gain on sale of Power Grids of $13 million and $16 million of gains arising on sale of certain intangible assets . ===== SIDA 60 ===== 48 Q2 2026 FINANCIAL INFORMATION Net finance income (expense) Definition Net finance income (expense) is calculated as Interest and dividend income less Interest and other finance expense. Reconciliation Six months ended June 30, Three months ended June 30, ($ in millions) 2026 2025 2026 2025 Interest and dividend income 90 95 41 41 Interest and other finance expense (38) (49) (9) (6) Net finance income 52 46 32 35 Book-to-bill ratio Definition Book-to-bill ratio is calculated as Orders received divided by Total revenues. Reconciliation Six months ended June 30, 2026 2025 ($ in millions, except Book-to-bill presented as a ratio) Orders Revenues Book-to-bill Orders Revenues Book-to-bill Electrification 13,878 9,813 1.41 8,912 8,156 1.09 Motion 5,140 4,359 1.18 4,268 3,905 1.09 Automation 4,918 4,340 1.13 5,011 3,828 1.31 Corporate and Other (incl. intersegment eliminations) (596) (303) n.a. (348) (212) n.a. ABB Group 23,340 18,209 1.28 17,843 15,677 1.14 Three months ended June 30, 2026 2025 ($ in millions, except Book-to-bill presented as a ratio) Orders Revenues Book-to-bill Orders Revenues Book-to-bill Electrification 7,231 5,200 1.39 4,518 4,331 1.04 Motion 2,592 2,217 1.17 2,112 2,065 1.02 Automation 2,454 2,193 1.12 2,814 2,010 1.40 Corporate and Other (incl. intersegment eliminations) (235) (135) n.a. (190) (111) n.a. ABB Group 12,042 9,475 1.27 9,254 8,295 1.12 ===== SIDA 61 ===== ABB Ltd Corporate Communications P.O. Box 8131 8050 Zurich Switzerland Tel: +41 (0)43 317 71 11 www.abb.com