Acconeer (ACCON) Q2 2026 earnings summary

Executive summary

• Achieved record revenue for the fourth consecutive quarter, reaching SEK 21.4 million, a 103% year-over-year increase and 17% sequential growth, driven by strong sales of established products and new launches, especially the A212 sensor.

• Product sales, primarily from A111 and A121, grew 154% year-over-year in USD, with significant growth in the automotive segment and major design wins.

• A212 sensor entered mass production, with $1.3 million in firm orders and confirmed integration in Volvo EX60, expected to drive future growth.

• Expanded partnerships, including with Excelitas for access control and presence detection, and new institutional investor Robur Fonder.

• Several significant orders were received in Q2, including multiple large contracts for automotive and level measurement applications.

Financial highlights

• Net sales reached SEK 21.4 million, up 103% year-over-year and 17% quarter-over-quarter.

• Gross margin on product sales was 53%, up from 50% in Q1 2026 but down from 60% in Q2 2025.

• Operating result (EBIT) was -14.5M SEK, impacted by SEK 4.9 million amortization of A212 and lower R&D capitalization.

• Cash flow from operations was -SEK 8 million; total cash flow for the quarter was -SEK 14 million, with cash position at quarter-end of SEK 53.3 million.

• Accounts receivable increased to SEK 14 million; inventory stable at SEK 51.9 million.

Outlook and guidance

• A212 expected to accelerate growth as more orders are fulfilled and non-automotive customers are onboarded, with production for non-automotive expected to start in 2026.

• Financial targets: EBIT positive quarter in 2025, cash flow positive quarter in 2026, SEK 300 million revenue in 2027, and long-term EBIT margin of at least 25%.

• Continued focus on expanding A212 adoption outside automotive and increasing customer engagement.