Vestas Orders Rebound 40% in Q2 2026 on US Tax Incentive Push

According to E-Daily reporting on Shinhan Investment Securities analysis, wind turbine manufacturer Vestas received 2.78 gigawatts (GW) in new orders during the second quarter of 2026, up 40% year-over-year. The company is expected to report adjusted operating profit of 184 million euros, a 223.2% increase from the prior year period, with operating margin at 4.2%.

Vestas' first-half 2026 orders reached at least 7.5GW, significantly exceeding the first half of 2025's 5.1GW. U.S. orders recovered to 2.1GW in the first half, rebounding from 2.9GW in 2025, largely attributed to customers seeking to meet a July 5 tax credit safe-harbor requirement to invest 5% of project costs before the deadline, according to Shinhan analyst Hahm Hyung-do.