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Winner, Winner: The Chicken McNugget Story
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InCoax Networks
InCoax Networks (INCOAX) investor relations material
InCoax Networks Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary14 Aug, 2026
Executive summary
Net sales for Q2 2026 were SEK 4,492 thousand, down 44% year-over-year, with product sales increasing sequentially due to Nokia deliveries.
Gross margin improved to 73% (from 70%), despite lower sales, due to favorable product and revenue mix.
Operating loss (EBITA) narrowed to SEK -6,090 thousand from SEK -11,357 thousand year-over-year, reflecting lower costs.
Structural transformation completed, reducing ongoing cost level by 40% and monthly costs by over SEK 3 million compared to end of 2025.
Focus remains on converting technical and financial improvements into recurring orders and revenue growth.
Financial highlights
Net sales Q2 2026: SEK 4,492 thousand (Q2 2025: SEK 8,072 thousand).
Gross profit: SEK 3,283 thousand (Q2 2025: SEK 5,654 thousand); gross margin: 73% (70%).
Operating profit (EBITA): SEK -6,090 thousand (Q2 2025: SEK -11,357 thousand).
Profit after tax: SEK -9,806 thousand (Q2 2025: SEK -11,503 thousand); EPS: SEK -0.08 (SEK -0.09).
Cash flow for the quarter: SEK 3,468 thousand (Q2 2025: SEK -11,069 thousand).
Outlook and guidance
Commercial activities intensified with Nokia, targeting global operator markets; D2508 product completion expected late summer.
Direct sales focus in Germany and neighboring markets, with ongoing projects and technology selection with Deutsche GigaNetz.
US market expansion through partners, with initial rollout phase underway with Underline and agreement with a US Tier 1 operator.
Continued cost discipline and focus on converting opportunities into recurring revenue and sustainable positive cash flow.
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Latest events from InCoax Networks
- Commercial execution phase begins with new launches, cost cuts, and key US/German contracts.INCOAX
Q1 2026 - Transitioning to commercial execution, the company targets positive cash flow in 2026.INCOAXQ4 2025
- Q3 2025 sales fell sharply, but margin gains and new launches support a positive long-term outlook.INCOAXQ3 2025
- Sales declined sharply, but margin and strategic positioning improved for future growth.INCOAXQ2 2025
- Q3 2024 net sales rose 15% year-over-year, with strong progress in US and Nokia partnerships.INCOAXQ3 2024
- Net sales more than doubled year-over-year, with Nokia partnership driving future growth.INCOAXQ2 2024
- Lower sales offset by higher margins and new orders; growth outlook remains strong.INCOAXQ1 2025
- 25% sales growth and strategic partnerships set the stage for long-term expansion.INCOAXQ4 2024
Next InCoax Networks earnings date
Q3 202616 Nov, 2026
InCoax Networks
Next InCoax Networks earnings date
Q3 202616 Nov, 2026
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Frequently asked questions
InCoax Networks AB provides networking products and solutions to telecom and broadband, and hospitality sectors. It offers coax access products that enables ethernet connectivity; broadband services, such as high capacity service for residential multi dwelling units, holiday resorts, remote offices, and hotels; hospitality solutions, which enables hotels to provide their guests with free/paid (Wi-Fi) Internet access throughout their property and in each guest room through their Ethernet outlet or TV set.