Shares of Schmid Group N.V. (SHMD) are climbing in Tuesday's after-hours session after the company gave investors a reason to smile: a higher order intake forecast for 2026.

Thanks to what the company described as "sustained improvement in order momentum," Schmid raised its full-year 2026 order intake guidance from approximately 114 million euros ($130.2 million) to a new range of 125 million euros to 130 million euros. That's a nice bump, and the market is rewarding it.

For the second quarter of 2026, Schmid booked 30.7 million euros in new orders and reported revenue of 27.7 million euros. And with a repeat order of more than 37 million euros announced on July 7, year-to-date order intake has already reached 81.6 million euros. The company's backlog stood at 54.8 million euros at the end of the quarter.

Schmid also held steady on its full-year 2026 revenue guidance of more than 100 million euros and maintained its EBITDA margin guidance above 12%. The company plans to release its first-half results on or before Aug. 25.

As for the stock reaction: Schmid shares were up 7.59% in after-hours trading, changing hands at $4.86 at the time of publication on Tuesday.