Gigasun (GIGA) Q2 2026 earnings summary

Executive summary

• Installed base surpassed 400 MW, marking a significant milestone for the company.

• Q2 2026 was impacted by weak solar irradiation, lower tariffs in Jiangsu and Anhui, and currency headwinds.

• Despite headwinds, cash flow improved and average interest rates declined due to refinancing.

• No new installations were commissioned in Q2 to prioritize financial stability over growth.

Financial highlights

• Q2 revenues were SEK 61.6 million, down 13.9% year-over-year; net sales SEK 54.7 million.

• Operating profit for Q2 was SEK 18.2 million, down from SEK 32.3 million last year.

• Loss after financial items and tax was SEK -1.1 million, compared to a profit of SEK 10.0 million in Q2 2025.

• Year-to-date revenues were SEK 98.3 million, down 16.6% year-over-year.

• Cash flow for Q2 improved to SEK 0.4 million from SEK -50.1 million last year.

Outlook and guidance

• Tariff adjustments in Jiangsu and Anhui are now fully implemented; no further changes expected soon.

• Management expects a more stable trade and currency environment in H2 2026.

• Focus remains on reducing financing and operating costs, with a strong order backlog supporting future growth.