Elsight (ELS) Q2 2026 TU earnings summary

Executive summary

• Achieved sixth consecutive quarter of record revenue, with Q2 2026 revenue of US$11.83 million, nearly five times the prior corresponding period.

• H1 2026 unaudited revenue reached US$23.4 million, already surpassing full-year 2025 revenue.

• Sustained profitability with H1 2026 non-GAAP net profit expected to exceed US$10 million.

• Expanded global market presence, with strong order flow in the US, Europe, and Middle East.

• Secured first paying customer for Stealth Initiative business unit, validating entry into a US$20 billion market.

Financial highlights

• Q2 2026 revenue of US$11.83 million, a threefold increase over Q2 2025.

• H1 2026 recurring revenue of US$2.9 million, already exceeding full-year 2025 recurring revenue.

• Net cash generated from operating activities in H1 2026 was US$3.8 million.

• Cash and cash equivalents at 30 June 2026 stood at US$63.3 million.

Outlook and guidance

• Material revenue contribution from US defense programs expected from CY2027 onwards.

• Broader commercial launch of GNSS-denied positioning capability planned for late CY2026.

• Recurring revenue streams expected to become a more significant component of future performance.