Vaisala (VAIAS) Q2 2026 earnings summary

Executive summary

• Orders received grew 11% year-over-year in Q2 2026, driven by record demand in Industrial Measurements and double-digit growth in Xweather.

• Net sales increased 4% year-over-year to EUR 151.4 million in Q2 2026, with strong performance in Industrial Measurements and Xweather, while Weather, Energy, and Environment was stable.

• Acquisition of Atmo Inc., a leading AI weather company, strengthens AI-driven weather forecasting capabilities and expands the customer base.

• Xweather delivered 13% year-over-year net sales growth and 7% ARR growth, supported by insurance, transportation, logistics, and API customers.

• Launched the PRECICAP radar-based rain measurement product, enhancing data accuracy and reducing maintenance.

Financial highlights

• Q2 2026 net sales: EUR 151.4 million (+4% y/y); H1 2026 net sales: EUR 288.5 million (+3% y/y).

• EBITA margin improved to 14.6% in Q2 2026 and 14.8% in H1 2026; EBIT margin to 13.5%.

• Earnings per share reached EUR 0.78 in H1 2026, aided by lower financial expenses and strong profitability.

• Cash flow from operating activities increased to EUR 48.9 million in H1 2026, with strong cash conversion and free cash flow of ~EUR 42 million.

• Gross margin improved to 57.2% in Q2 2026 and 57.4% in H1 2026, supported by favorable sales mix and lower tariffs.

Outlook and guidance

• Full-year 2026 net sales expected in the range of EUR 600–630 million; EBITA guidance EUR 95–110 million.

• Expect continued growth in Industrial Measurements and Xweather markets; Weather, Energy, and Environment to remain stable.

• Business outlook reconfirmed, excluding potential significant market changes.