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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
- FY2023 sales rose 57%, while cash fell amid investment and working-capital needs.ALKAL
H2 2023 - Revenue stable at €24.8M, EBITDA -€8M, and Data Acceleration Platform sold for up to $20M.ALKALH2 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
Next Kalray earnings date
H2 202622 Apr, 2027
Kalray
Next Kalray earnings date
H2 202622 Apr, 2027
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Frequently asked questions
Kalray SA is a pioneering company in the semiconductor and software industry, known for developing and marketing advanced manycore processors. Their product lineup includes the innovative Multi-Purpose Processor Array (MPPA) processor architecture, which comprises a family of programmable silicon devices designed to address a wide range of computing needs. Alongside their processors, Kalray offers a comprehensive software development kit, development platforms, and reference boards to support the integration and utilization of their technology across various applications. The company's solutions are tailored for both embedded and acceleration applications, catering to low to medium volume requirements. Kalray is headquartered in Montbonnot-Saint-Martin, France, and its shares are listed on the Euronext Paris.