Prysmian Q2 EBITDA Hits EUR 730M, Best Quarter Ever

Prysmian reported its strongest quarter on record, with adjusted EBITDA of EUR 730 million in the second quarter of 2026. The margin came in at 13.4%, and organic revenue growth was 9.4%.

“This is the best quarter ever of Prysmian,” Chief Executive Massimo Battaini told analysts on the call Tuesday. He singled out the company’s hyperscaler and Molex deals – EUR 10 billion in optical contracts over the next decade – as a milestone for the cable and telecom equipment maker.

Revenue from sustainable solutions reached 46% of the total, almost EUR 10 billion, Battaini said. He added that the company exceeded internal targets on the sustainability front but did not provide further detail on the specific metric tied to the 42% figure he cited in prepared remarks. An operator interruption cut the reference short.

Prysmian’s adjusted EBITDA of EUR 730 million beat its prior record set in the fourth quarter of 2025, when the company reported EUR 690 million. The margin improvement, up 120 basis points from the year-ago period, was driven by higher volumes in its transmission and power grid businesses, Battaini said.

The optical segment benefited from the hyperscaler contracts, which Battaini said are backloaded over the next decade. The company’s recent acquisition of Molex’s fiber-optic connector business contributed to the pipeline.

Analysts from a dozen firms participated in the call, including JPMorgan’s Akash Gupta, Goldman Sachs’ Daniela Costa, and Morgan Stanley’s Max Yates. The wide interest reflects the shift in investor focus toward companies with exposure to data-center and grid-infrastructure spending, according to stock market analysis.

The EUR 10 billion in optical contracts give Prysmian revenue visibility through the next decade, Battaini said. The company reports third-quarter results in October.