Acconeer (ACCON) Q1 2026 earnings summary

Executive summary

• Net sales reached KSEK 18,287 in Q1 2026, up 34% year-over-year, marking a record third consecutive quarter of sales growth.

• Gross margin on sales of goods was 50%, down from 61% in Q1 2025, but improved sequentially from the previous quarter.

• Operating loss was KSEK -9,284, with a net loss after tax of KSEK -8,645, both wider than the prior year.

• Growth driven by larger customers and volume orders, especially in automotive and public transport sectors.

Financial highlights

• Net sales increased 34% year-over-year to KSEK 18,287.

• Gross profit was KSEK 9,778, with a gross margin of 53% (67% prior year); gross margin on goods was 50% (61%).

• Operating expenses rose 25% to KSEK 20,237, mainly due to higher R&D costs and amortization of A2.

• Operating margin remained at -51% year-over-year.

• Cash flow from operating activities was KSEK -6,632; cash and cash equivalents at period end were KSEK 67,177.

Outlook and guidance

• Confirmed orders for 2026 delivery already exceed total 2025 revenue in USD.

• Management expects continued growth, with focus on margin improvement and expansion in automotive and industrial segments.

• Financial targets include first cash flow positive quarter in 2026 and revenues over SEK 300 million in 2027.