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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Kalray
Kalray (ALKAL) investor relations material
Kalray H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary24 Sep, 2026
Executive summary
Revenue grew 58% year-over-year to €8.5 million in H1 2026, driven by technology licensing and customer-funded development.
EBITDA surged to €5.1 million from €0.3 million in H1 2025, reflecting improved cost structure and business model shift.
Net income turned positive at €0.8 million, compared to a €2.1 million loss in H1 2025.
Strategic licensing agreements signed with Bull and Openchip validate the scalable business model and support future growth.
Financial highlights
Consolidated revenue: €8.5 million in H1 2026 vs. €5.4 million in H1 2025 (like-for-like), +58%.
EBITDA: €5.1 million in H1 2026 vs. €0.3 million in H1 2025.
Net income: €0.8 million in H1 2026 vs. €(2.1) million in H1 2025.
Operating expenses reduced to €8.5 million from €13.2 million year-over-year.
Operating income after depreciation, amortization, and provisions: €(1.4) million.
Outlook and guidance
2026 outlook confirmed: double-digit revenue growth and further EBITDA improvement expected.
Ongoing execution of strategic programs and continued technology development prioritized.
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Latest events from Kalray
- Revenue stable at €24.8M, EBITDA -€8M, and Data Acceleration Platform sold for up to $20M.ALKAL
H2 2024 TU - Revenue quadrupled on a comparable basis, with EBITDA turning strongly positive in 2025.ALKALH2 2025 TU
- 58% revenue growth and positive EBITDA in H1 2026, with strong outlook for FY2026.ALKALH1 2026 TU
- First-ever positive EBITDA and free cash flow achieved, with double-digit growth expected in 2026.ALKALH2 2025
- Turnaround to positive EBITDA and cash flow, with improved margin and secured liquidity through September 2026.ALKALH1 2025
- Semiconductor growth and strategic refocus drive improved profitability outlook for 2025.ALKALH1 2025 TU
- Strategic pivot and cost cuts target break-even by end-2025 after a challenging H1 2024.ALKALH1 2024
- Strong H2 growth expected as Kalray ramps up a €100M contract and finalizes Pliops deal.ALKALH1 2024 TU
- Net loss widened to €23.3M in FY2024 as Kalray divested a major business unit and refocused strategy.ALKALH2 2024
Next Kalray earnings date
H2 202622 Apr, 2027
Kalray
Next Kalray earnings date
H2 202622 Apr, 2027
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