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Exasol (EXL) investor relations material

Exasol Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary19 Aug, 2026

Executive summary

  • H1 2026 saw mixed results: recurring revenue grew slightly and churn dropped from 24% to 10%, but total revenue and ARR declined due to weak upsell, postponed expansion investments, and delayed partner collaboration.

  • Eleven new customers were acquired, mainly in focus verticals and driven by data sovereignty and agentic AI, but expansion with existing clients lagged.

  • Net income for H1 2026 was EUR 1.2 million, nearly flat year-over-year.

Financial highlights

  • Revenue for H1 2026 was EUR 19.0 million, down from EUR 21.5 million in H1 2025, mainly due to the absence of last year’s one-time hardware deal.

  • Recurring revenue increased to EUR 18.9 million from EUR 18.6 million.

  • EBITDA was EUR 1.6 million, down from EUR 2.0 million in H1 2025.

  • Net liquid funds improved to EUR 21.6 million as of June 30, 2026.

Outlook and guidance

  • ARR for FY 2026 is expected to change between -2% and +2%, with revenue projected to decline in the upper single-digit percentage range.

  • EBITDA guidance narrowed to EUR 3.0–3.5 million.

  • Upsell recovery and partner collaboration benefits are anticipated only next year.

Update on the delayed strategic partner rollout
Agentic AI contribution to the new sales pipeline
Mitigation for reduced on-premises investment
Impact of hardware costs on upsell momentum
MariaDB partnership delay and Q3 ARR impact
Monetization strategy for Exasol Personal
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