Viscom (V6C) Q2 2026 earnings summary

Executive summary

• Order intake rose 30.2% year-over-year to €55.7M in H1 2026, driven by a major battery cell inspection order and strong demand in Asia and America.

• Order backlog increased 62.2% to €38.0M, providing a strong foundation for H2 2026.

• Revenue declined 6.0% year-over-year to €36.9M in H1 2026, mainly due to a weak Q1, but Q2 revenue rebounded strongly.

• EBIT dropped to -€2.5M from €0.05M in H1 2025, with a significant Q1 loss partially offset by a positive Q2.

• Despite ongoing geopolitical and economic uncertainties, a strong order book and project pipeline support a confident outlook for H2 2026.

Financial highlights

• H1 2026 revenue: €36.9M (H1 2025: €39.3M, -6.0%).

• EBIT: -€2.5M (H1 2025: €0.05M); EBIT margin: -6.9%.

• Net loss for H1 2026: €-3.8M (H1 2025: €-0.7M); EPS: €-0.41.

• Cash flow from operating activities improved to €0.68M (H1 2025: €-2.99M).

• Equity ratio declined to 44.9% (Dec 2025: 48.6%).

Outlook and guidance

• Full-year 2026 revenue forecast: €80–90M; order intake expected at €90–100M.

• EBIT guidance: €1.6–4.5M, EBIT margin 2–5%.

• Growth drivers include AI infrastructure, semiconductors, battery cell manufacturing, and automation.

• Regional performance expected to remain mixed: gradual recovery in Europe, strong demand in North America and Asia.

• Strong order pipeline for Q3 and Q4, with rising demand in Asia and America.