Secunet Security Networks
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Secunet Security Networks (YSN) investor relations material

Secunet Security Networks 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 summary13 Aug, 2026

Executive summary

  • Revenue for H1 2026 grew 19.2% year-over-year to €204.7 million, driven by strong public sector, defense, and homeland security demand, with especially strong Q2 growth.

  • Order intake surged 78.7% to €287.4 million, with a book-to-bill ratio of 1.4x, indicating robust future growth.

  • EBIT increased 20.4% to €8.7 million, and net income rose 17.3% to €5.9 million.

  • Strategic investments in AI, cloud, and partnerships with leading tech firms (e.g., HPE, NVIDIA, Cloudflare) are enhancing technological capabilities and expanding market reach.

  • Workforce expanded by 4.7% to support growth and enhance technological expertise.

Financial highlights

  • Revenue for H1 2026 reached €204.7 million, up 19.2% year-over-year; Q2 revenue grew 31.6%.

  • EBIT rose 20.4% to €8.7 million; EBITDA increased 15.5% to €19.2 million.

  • Net income for H1 2026 reached €5.9 million, a 17.3% increase year-over-year.

  • Gross profit increased 12.4% to €40.7 million, but margin declined to 19.9% due to higher material costs and sales mix.

  • Cash and cash equivalents dropped to €6.9 million as of June 30, 2026, mainly due to increased inventory and dividend payments.

Outlook and guidance

  • Revenue guidance for 2026 specified at the upper end of €460–500 million, with EBIT of €53–58 million and EBITDA of €76–84 million.

  • Strong order intake and backlog support continued growth, especially in defense and public sector.

  • Anticipates typical seasonality with a stronger H2, supported by high order intake and inventory readiness.

  • Growth strategy continues with investments in product and organizational development.

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Frequently asked questions

Secunet Security Networks AG is a leading provider of high-security information technology solutions, specializing in cybersecurity and secure digital communication. The company offers products and services such as encryption systems, secure network architectures, and identity management solutions. Its clientele includes government agencies, defense organizations, and private enterprises, with a focus on protecting sensitive data and critical infrastructure. The company is headquartered in Essen, Germany, and its shares are listed on the Frankfurt Stock Exchange.