Broadpeak (ALBPK) Q2 2026 TU earnings summary

Executive summary

• H1 2026 revenue was €17.1m, down 20.9% year-over-year, reflecting a high comparison base from H1 2025, which saw exceptional contract wins.

• Recurring revenues increased 8.7% to €10.4m, driven by SaaS and maintenance growth.

• Strong revenue growth is anticipated in H2 2026, with 2027 targets reaffirmed.

Financial highlights

• Total H1 2026 revenue: €17.1m, down from €21.7m in H1 2025.

• Licences & Services revenue fell 42.9% to €5.6m; Equipment revenue dropped 51.4% to €1.1m.

• Maintenance & SaaS revenue rose 8.7% to €10.4m.

• Q2 2026 revenue declined 34.1% year-over-year, reflecting a tough comparison period.

Outlook and guidance

• Revenue growth expected in H2 2026, supported by new project signings and product launches.

• 2027 targets confirmed: revenue above €50m, with 50% recurring and EBITDA margin around 15%.