)
)
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.
Secunet Security Networks
Secunet Security Networks (YSN) investor relations material
Secunet Security Networks Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
9M 2026 revenue rose 19.3% YoY to €339.8m and order intake increased 25.0% to €392.5m; backlog reached €330.2m, up 18.4% from year-end 2025.
Public-sector demand drove growth, while transformation investments and one-off restructuring costs weighed on margins and earnings; FY 2026 guidance was confirmed.
Financial highlights
Q3 revenue rose 19.5% YoY to €135.2m; 9M revenue increased 19.3% to €339.8m.
9M gross profit rose 7.0% to €70.1m, while gross margin declined to 20.6% from 23.0%.
9M EBITDA was €38.8m, down 1.0%; EBIT fell 7.8% to €22.9m and net income fell 10.1% to €15.4m.
Operating cash flow was -€49.0m, mainly due to inventory build-up and lower liabilities; cash and equivalents were €5.6m at September 30, 2026.
Outlook and guidance
FY 2026 guidance was confirmed: revenue €460m–€500m, EBITDA €76m–€84m and EBIT €53m–€58m; revenue is expected at the upper end of the range.
October order intake exceeded €120m, supporting stronger Q4 momentum; management expects public-sector deliveries to improve year-end margin mix.
More than 50% of backlog is expected to convert to revenue in 2027; a lower double-digit share relates to projects lasting 3–5 years.
Transformation costs of €5m–€7m are planned for 2027; management expects positive free cash flow in Q4.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Secunet Security Networks
- Revenue up 19.2% and order intake up 78.7% in H1 2026, with guidance raised to €500 million.YSN
Q2 2026 - Record sales of €406.4 million, strong EBIT, and robust outlook with higher dividend proposed.YSNQ4 2024
- Revenue up 4.4% and order intake surged 90.7%, with EBIT negative on one-time costs.YSNQ1 2026
- Record revenue, profit, and order intake in 2025 set a strong outlook for 2026.YSNQ4 2025
- Revenue up 13%, EBIT up 22%, record order intake, and strong 2026 growth outlook.YSNQ4 2025 TU
- Revenue up 19% and EBIT up 414% in H1 2025; Q4 set for major order execution.YSNQ2 2025
- Revenue and EBIT surged, prompting a raised outlook above €400 million and strong Public Sector growth.YSNQ3 2024
- Sales and earnings fell, but order backlog and guidance remain strong for 2024.YSNQ2 2024
- 2024 revenue hit a record EUR 407 million, driven by public sector and healthcare momentum.YSNQ4 2024 TU
Secunet Security Networks
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
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.