Sensirion (SENS) H1 2025 earnings summary

Executive summary

• Achieved strong top-line growth and improved profitability in H1 2025, driven by industrial, medical, and consumer segments, with significant demand for A2L/A12 refrigerant leakage sensors and new product launches.

• Completed the acquisition of Kuva Systems to expand data-driven connected solutions and methane emissions monitoring.

• Productivity optimizations and disciplined growth strategies preserved prior year gains.

• Continued investment in innovation and global production, including chip-based CO₂ sensors and environmental sensor modules.

• Internal culture and leadership programs refreshed globally.

Financial highlights

• Revenue reached CHF 184.5 million, up 44.2% year-over-year, with gross margin at 51.5% and EBITDA margin at 19.8%.

• Operating profit (EBIT) was CHF 26.3 million (14.2% margin); net income was CHF 10.4 million.

• Operating cash flow was CHF 28.4 million; free cash flow CHF 15.6 million; cash and equivalents CHF 68.2 million.

• Gross profit was CHF 95.0 million; net working capital margin improved to 33.5% of LTM revenue.

• Equity ratio stood at 81% as of June 2025, indicating a robust capital structure.

Outlook and guidance

• Full-year 2025 revenue guidance reaffirmed at CHF 320–340 million, implying 16–23% organic growth, with EBITDA margin expected in the mid- to high-teen percent range.

• Top-line guidance narrowed but midpoint unchanged; profitability guidance reaffirmed.

• Anticipates seasonality with a stronger H1 and softer H2 due to front loading, tariff-driven pull-ins, and stimulus phase-out in China.

• Management notes limited visibility for H2 due to global economic and currency uncertainties.

• Expects a more balanced A12/A2L business in 2026 and ongoing growth from multiple opportunities.