SCHMID Group N.V. (NASDAQ:SHMD) stock is moving higher in Tuesday’s after-hours session after the company provided an order guidance update for 2026.
- Schmid Group stock is surging to new heights today. Why is SHMD stock up today?
Schmid Raises Order Intake Outlook
Due to sustained improvement in order momentum, Schmid raised its full-year 2026 order intake guidance from approximately 114 million euros ($130.2 million) to a new range of 125 million euros to 130 million euros.
The company said it booked 30.7 million euros in new orders and reported revenue of 27.7 million euros for the second quarter of 2026. With the repeat order of more than 37 million euros announced on July 7, year-to-date order intake reached 81.6 million euros. The backlog stood at 54.8 million euros at quarter’s end.
Schmid also maintained revenue guidance of more than 100 million euros for full-year 2026, as well as EBITDA margin guidance above 12%.
Schmid said it will release results for the first half of the year on or before Aug. 25.
SHMD Shares Surge After Hours
SHMD Price Action: Schmid shares were up 7.59% in after-hours, trading at $4.86 at the time of publication on Tuesday, according to Benzinga Pro.
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