Acconeer (ACCON) Q2 2026 earnings summary

Executive summary

• Achieved record revenue for the fourth consecutive quarter, reaching SEK 21.4 million in Q2 2026, a 103% year-over-year increase and 17% sequential growth.

• Growth was driven by established products and the initial mass production of the A212 sensor, with strong demand from automotive and industrial customers.

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

• Expanded partnerships, including with Excelitas and new institutional investor Robur Fonder.

Financial highlights

• Gross margin improved by 3 percentage points quarter-over-quarter but was 53% in Q2 2026, down from 60% the previous year.

• EBIT declined due to SEK 4.9 million amortization of A212 and lower R&D capitalization; operating result for Q2 was SEK -14,495k.

• Operating expenses remained stable year-over-year, with increased amortization as a key change.

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

• Accounts receivable increased to SEK 14 million.

Outlook and guidance

• Strong demand for the A212 sensor, now in mass production, is expected to drive further growth as more orders are fulfilled and non-automotive customers are onboarded.

• Financial targets: EBIT positive quarter in 2025 (already achieved), 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, with production for non-automotive expected to start in 2026.