Positivo Tecnologia (POS3) Q2 2026 earnings summary

Executive summary

• Gross revenue reached R$1.127 billion in 2Q26, up 13.4% year-over-year, driven by strong performance in IT Infrastructure, Payment Solutions, and Intelligent Devices segments.

• EBITDA increased 16.4% year-over-year to R$85.9 million, with margin up 0.3 p.p. to 9.1%.

• Net income rose 14.5% year-over-year to R$2.6 million, reversing a loss in the previous quarter, with margin stable at 0.3%.

• Company consolidates its position as an end-to-end IT infrastructure provider, expanding AI offerings and entering new Latin American markets.

• Gross profit for the semester was R$401.7 million, with a gross margin of 23.9%, reflecting improved operational efficiency.

Financial highlights

• Gross revenue: R$1.127 billion (+13.4% YoY, +27.9% QoQ); net revenue: R$938.7 million (+11.5% YoY).

• EBITDA: R$85.9 million (+16.4% YoY), margin 9.1% (+0.3 p.p. YoY).

• Net income: R$2.6 million (+14.5% YoY), net margin 0.3%.

• Gross margin: 24.8% (+0.5 p.p. YoY).

• Net debt/EBITDA LTM: 2.1x, stable YoY; gross debt reduced by R$77.6 million YoY.

Outlook and guidance

• Maintained 2026 gross revenue guidance between R$4.0 and R$4.2 billion, with confidence toward the upper end.

• Strong pipeline in public institutions (R$4.3 billion), with consolidated outlook for 2H26.

• Continued expansion in AI infrastructure and payment solutions across Latin America.

• Main risks include global component shortages and cost pressures, especially for memory and SSDs.

• Mitigation measures include inventory management, price adjustments, and diversification of channels and customer base.