Kalray (ALKAL) H1 2026 TU earnings summary

Executive summary

• Achieved 58% year-over-year growth in the semiconductor business, with H1 2026 revenue of €8.5 million compared to €5.4 million in H1 2025 on a like-for-like basis.

• EBITDA expected to be significantly positive in H1 2026, reflecting improved profitability.

• Major strategic collaboration agreement signed with a leader in AI and HPC infrastructures, integrating core Kalray technologies.

• Confirmed 2026 guidance for double-digit revenue growth and further EBITDA improvement.

Financial highlights

• Consolidated revenue reached €8.5 million as of June 30, 2026, up from €5.4 million in H1 2025 for the semiconductor business.

• Initial recognition of €2.2 million in revenue from a major new contract in H1 2026.

• EBITDA for H1 2026 is anticipated to be strongly positive.

Outlook and guidance

• Double-digit revenue growth and further EBITDA improvement reaffirmed for FY2026.

• Strong business momentum in H1 2026 expected to continue in H2 2026 with new and extended contracts.