SMA Solar (SMTGY) H1 Results Exceed Internal Expectations, CEO Says

The updated guidance for the full 2026 financial year was the centerpiece of the event. Rouhi said the company would provide the new numbers during the presentation. SMA had previously signaled a recovery in the second half of the year. The upbeat tone from management suggested the operational metrics came in ahead of internal forecasts.

SMA Solar’s stock, traded over the counter under the ticker SMTGY, has been under pressure as the solar inverter market faced demand shifts and inventory adjustments across Europe and the United States. The call gave investors the first detailed look at SMA’s 2026 performance following a period of restructuring.

Reinert said the transformation program is progressing. He did not provide a timeline for completion, but said the company would share more details in the coming months. The regulatory environment for grid-scale solar in key markets was also discussed, though no specific policy changes were announced.

The call ended with Rouhi and Reinert taking analyst questions. The company did not disclose any material changes to its capital structure or dividend policy.