INVISIO (IVSO) Q2 2026 earnings summary

Executive summary

• Revenue grew 20% year-over-year in Q2 2026 to SEK 513 million, with Europe accounting for over 70% of revenue and strong performance in Sweden.

• Order intake declined 31% year-over-year to SEK 279 million due to temporary U.S. procurement delays, but no orders were lost and recovery is expected in H2 2026.

• Strategic progress included approval as a direct supplier to the UK Ministry of Defence and the launch of INVISIO Drone Aware™ capability for the T30 headset.

Financial highlights

• Q2 2026 revenue: SEK 513 million (up 20% year-over-year); gross margin: 53.0% (down from 56.7%).

• Operating margin (EBIT) improved to 15.3% from 14.1% year-over-year; EBITDA margin: 18.7%.

• Net profit for Q2: SEK 57.9 million (up from SEK 31.4 million); EPS: SEK 1.25 (up from SEK 0.68).

• Cash and cash equivalents at period end: SEK 291.9 million.

• Order book at period end: SEK 497.5 million (down from SEK 705.3 million year-over-year).

Outlook and guidance

• Orders delayed in H1 are expected to be recovered in H2 2026; market conditions remain favorable with strong demand for new products.

• Strategic focus on connectivity, digitalization, and integrated solutions aligns with long-term market trends.

• Company targets average annual revenue growth of at least 20% and EBIT margin of at least 20% over time.