Datalogic (DAL) Q1 2026 earnings summary

Executive summary

• Revenues grew 6.7% year-over-year to €120.3M, with growth across both main business segments and all major geographies, led by Data Capture and Industrial Automation.

• Net loss improved slightly to €5.7M from €5.9M in Q1 2025, with a 0.5pp improvement in net margin.

• Operating profitability declined due to inflationary pressures, especially on memory and logistics costs, and negative price effects.

• Adjusted EBITDA fell 35.8% year-over-year to €4.3M (3.6% margin), down from €6.8M (6.0% margin) in Q1 2025.

• Net financial debt increased to €32.3M from €14.9M at year-end 2025.

Financial highlights

• Gross margin was 41.1%, down from 43.3% year-over-year, reflecting input cost inflation and price erosion.

• Adjusted EBIT was negative €3.2M, down from negative €1.4M a year earlier.

• Net trade working capital increased by €17.1M since December 2025, mainly due to higher inventory and lower payables.

• Cash flow from operations was negative at €-17.5M for the quarter.

• Net invested capital increased to €428.2M from €410.6M at year-end 2025.

Outlook and guidance

• Revenue growth for 2026 is confirmed, expected mainly in the second half.

• Margin recovery depends on successful price increases and cost control to offset rising memory and logistics costs.

• Order intake slowed at the start of Q2, adding uncertainty to short-term profitability.

• Forward-looking statements highlight risks from market conditions, currency fluctuations, and regulatory actions.