Brazil · Markets · Company Results
Published Wednesday, 21 October, 7:46 am ET · Source: WEG results release
Key Facts
—The number. Net profit was R$1.67 billion (US$332 million), up 0.9% from a year earlier.
—Sales. Revenue rose 5.7% to R$10.86 billion (US$2.17 billion), the highest of the past seven quarters.
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—Margin. The EBITDA margin, a core profit measure, slipped to 21.6% from 22.2%.
—Abroad. Foreign sales hit a record 62.5% of revenue, up 14.8% in US dollars.
—Still unknown. How the shares react when trading opens in São Paulo today.
—Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).
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WEG, a Brazilian maker of electric motors, generators and power equipment, reported third-quarter net profit of R$1.67 billion (about US$332 million), up 0.9% from a year earlier. Revenue rose 5.7% to R$10.86 billion (about US$2.17 billion) as sales abroad reached a record share of the total.
The company, based in Jaraguá do Sul in Santa Catarina state, published the results on Wednesday 21 October 2026. Profit lagged revenue because copper costs and US import tariffs squeezed margins, a squeeze felt across Brazil’s economy as the real strengthens.
Dollar figures in this report use a rate of 5.01 reais per dollar (RT, 21 October 2026), except where WEG reports its own dollar numbers.
Profit Barely Moves While Sales Climb
Net profit was R$1.665 billion, against R$1.650 billion in the third quarter of 2025 and R$1.559 billion in the second quarter of 2026. Over nine months, profit totals R$4.68 billion (about US$934 million), down 2.2% from the same period last year.
EBITDA, which is operating profit before depreciation and amortisation, reached R$2.35 billion (about US$468 million), up 3.1%. The gross margin fell to 32.9% from 33.6%, which WEG blamed mainly on higher copper prices and higher US import tariffs, plus staffing costs from its capacity expansion.
InfoMoney reported that analysts had expected profit of about R$1.71 billion and EBITDA of R$2.40 billion, so the results came in below forecasts.
Exports Carry the Quarter
Foreign revenue rose 8.3% to R$6.79 billion in reais and 14.8% to US$1.32 billion in dollars, because the stronger real trims the reais figure. It made up 62.5% of total revenue, the highest share in the company’s history.
North America was the engine, with sales of US$723 million, up 31.1% in dollars and 54.7% of all foreign sales. Europe fell 4.5% in dollars, and sales in Brazil rose 1.8% to R$4.07 billion (about US$813 million).
The generation, transmission and distribution division grew fastest abroad, with foreign sales up 24.1% in reais on transmission equipment and generators. WEG also cited oil and gas, mining, and ventilation and cooling systems for data centres, while solar sales in Brazil kept falling.
Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.
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Brazil — Live Market Board
B3 · São Paulo
Oct 21, 2026 · 09:38
Ibovespa · benchmark
208,295.98
+1.57%
L 167,142day rangeH 168,310
+21.85% over 12 months
Market breadth · 15 names
47% advancing
7 ▲ advancing8 declining ▼
Currencies, rates & key inputs
USD / BRL
5.16
+0.01%
EUR / BRL
5.95
+1.01%
Selic rate
14.00%
·
Brent crude
88.88
-0.03%
Iron ore
161.91
·
Sector heatmap · average move today
Materials
+2.35%
SUZB3
Mining
+1.16%
VALE3, CSNA3, GGBR4
Industrials
+0.20%
WEGE3, RENT3
Financials
-0.10%
ITUB4, BBDC4, BBAS3, B3SA3
Energy
-0.12%
PETR4, PRIO3
Consumer Staples
-0.80%
ABEV3
Utilities
-1.38%
ENEV3
Consumer Disc.
-2.63%
AZZA3
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
208,295.98
+1.57%
S&P/BMV IPCMexico
69,258.58
+0.36%
S&P IPSAChile
10,926.50
-0.42%
S&P MERVALArgentina
3,017,221
—
MSCI COLCAPColombia
2,533.22
+0.47%
BVL S&P PerúPeru
59,903.86
-0.06%
Full instrument board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 208,295.98 | +1.57% | +21.85% | 205,079.25 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
Largest moves today
AZZA3
15.89
-2.63%
SUZB3
41.33
+2.35%
GGBR4
24.69
+2.19%
IBOV
208,295.98
+1.57%
ENEV3
24.21
-1.38%
ITUB4
38.60
-1.03%
VALE3
72.97
+0.83%
ABEV3
14.89
-0.80%
The session read
The Ibovespa rose 1.57%, with breadth negative — 7 of 15 names higher. Materials led, while Consumer Disc. lagged.
From The Rio Times
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Why US Readers Should Care
WEG is a bet on US power demand as much as on Brazil. On 28 September it announced a US$165 million expansion of generator production in North America, Folha reported, to serve demand driven by data centres.
The shares trade in São Paulo as WEGE3 and closed at R$48.79 (about US$9.74) on Tuesday 20 October. Our guides to the Brazil stock market and the dollar-to-real exchange rate explain how a strong real and tariffs reach company results.
In Plain English
- WEG: a Brazilian company that sells electric motors, generators, power-grid equipment and industrial paint worldwide.
- EBITDA: operating profit before interest, taxes, depreciation and amortisation.
- Real: Brazil’s currency; when it strengthens, foreign sales shrink when converted into reais.
What This Means for Investors and Buyers
For investors, the quarter shows demand for WEG equipment holding up while profit growth stalls. Margins and the pace of foreign orders will decide whether profit catches up with sales.
For US companies that buy power equipment, WEG’s North American expansion signals more supply of generators. The company called its order book healthy for coming quarters.
What Is Not Known
The share price reaction is not yet known, because trading in São Paulo has not opened. It is also unclear how long copper costs and US tariffs will weigh on margins.
Sources
WEG, 3Q26 results release (21 October 2026) · InfoMoney · CNN Brasil · Folha de S.Paulo · RT (exchange rate and share price)
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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Frequently Asked Questions
How much profit did WEG make in the third quarter of 2026?
WEG reported net profit of R$1.67 billion (about US$332 million) for the third quarter, up 0.9% from a year earlier. Revenue was R$10.86 billion (about US$2.17 billion), up 5.7%.
Why did WEG profit grow slower than sales?
WEG said higher copper costs, higher US import tariffs and staffing costs from its expansion pressured margins. The gross margin fell to 32.9% from 33.6% a year earlier.
How much of WEG revenue comes from abroad?
Foreign sales were 62.5% of total revenue, the highest share in the company’s history. They rose 14.8% in US dollars to US$1.32 billion.
Does WEG have a connection to the United States?
North America was its largest foreign region, with sales of US$723 million, up 31.1% in dollars. WEG announced a US$165 million generator expansion there on 28 September.