Estimate them, seven out of ten Swiss companies beat expectations (cross-border guide)

Context

In a nutshell

• 70% of companies reviewed by AWP exceed revenue estimates.
• The recovery remains gradual and uneven compared to 2025.

Key facts

• What: Swiss companies reviewed by Awp.
• When: First half of 2026.
• Where: Switzerland.
• Who: Awp.
• Amount: 70% of companies reviewed exceed revenue estimates.

70% of the companies examined by AWP exceed revenue estimates. But compared to 2025, the recovery remains gradual and uneven. According to an analysis by the AWP agency, 70% of the 69 companies examined exceeded analysts' estimates on revenues and almost 80% beat forecasts on operating profit.

The economic recovery in Switzerland is ongoing, but its speed and homogeneity vary considerably compared to 2025. According to AWP, 70% of the companies examined exceeded analysts' estimates for revenue, with nearly 80% beating forecasts for operating profit. This is a positive sign for the Swiss economy, which has been affected by the pandemic and geopolitical tensions.

However, the recovery remains gradual and uneven. Some industries, such as textiles and fashion in Lausanne, are growing faster than others, such as energy in Zurich, which has been hit by oil price fluctuations. Lack of infrastructure investment and poor competitiveness of Swiss companies in the global market are other factors contributing to a recovery

Operational details

The recovery remains gradual and uneven compared to 2025. Only 19 companies increased profit. Average growth is 10%, but rises to 26% among positive companies, while those in decline lag behind by an average of 13%. On the revenue front, 39 out of 68 companies made progress, with an average increase of 3.5% and a median figure of 1.2%.

According to the most recent data, Swiss companies that have exceeded expectations are mainly concentrated in the cantons of Tessin, Valais and central Switzerland. These include companies such as Nestlé, which recorded a profit increase of more than 20% in 2025, and Roche, which saw a revenue increase of 4.2%.

However, the building and construction sector continues to suffer from a sharp contraction, averaging -8.5% compared to 2025. This can be attributed to the crisis in the construction industry, which suffered a severe blow with the crisis in the public works sector.

According to data from the Federal Statistical Office, companies that have suffered a sharp contraction are mainly concentrated in the cantons of Bern, Zurich and Lucerne. Among these, companies such as Implenia stand out, which recorded a loss of more than 15% in 2025, and Strabag, which saw a decrease in revenues of 6.5%.

It is important to note that the recovery is also influenced by current regulations. For example, the 2019 Labour Act introduced new rules for the management

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Key points

Investments in artificial intelligence and data centers are the driving force. Inficon increased operating profit by 67%, while Comet recorded +37% of EBITDA and Bossard +31%. SFS and Belimo also show double-digit growth. But the situation is more difficult for companies exposed to traditional markets. Bucher Industries saw the operating result decrease by 41%, penalized by the weakness of the agricultural sector, while Mikron recorded a 25% drop in the difficult European context.

The Swiss technology sector is growing, with investments exceeding CHF 1.5 billion in 2022. According to a report by the Swiss Technology Commission, data centers account for a significant portion of this investment, with most data stored in facilities located in the canton of Bern.

The growth of the technology sector is also due to regulations governing investment in research and development, such as the 2008 federal decree on support for innovative enterprises, which offers incentives of up to CHF 10 million. Companies that benefited from these incentives were able to increase their competitiveness and attract new investment.

At the operational level, companies are implementing strategies to improve their efficiency and reduce costs. For example, the technology services company, Swisscom, has implemented a plan to

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Source: tio.ch