Datalogic (DAL) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €248.4 million, up 3.7% year-over-year (6.2% at constant FX), with growth in EMEAI and APAC offsetting a decline in Americas.

• Adjusted EBITDA declined to €16.7 million (6.7% margin), down from €20.8 million (8.7%) in H1 2025.

• Net loss widened to €3.3 million from €0.8 million in H1 2025.

• Net financial debt increased to €25.8 million, up €11.0 million from December 2025 and from €18.3 million a year earlier.

Financial highlights

• Gross operating margin rose to €107.7 million (43.4% of sales), up €4.3 million year-over-year, aided by a US import tariff refund.

• Research & Development expense increased 13.9% to €37.6 million (15.2% of revenue).

• Distribution expense rose 9.5% to €48.4 million (19.5% of revenue), while administrative and general expense decreased 3.3% to €21.0 million (8.5% of revenue).

• Net financials were negative €1.2 million, compared to positive €1.6 million in H1 2025.

• Operating costs and other expenses increased to €107.1 million (43.1% of sales), up €8.3 million year-over-year.

Outlook and guidance

• Revenue growth is expected for the full year, supported by positive sales and order intake trends.

• Maintaining profit margins will depend on offsetting inflationary pressures in materials and logistics.