Exail Technologies (EXA) Q2 2026 TU earnings summary

Executive summary

• Achieved 17% organic revenue growth in Q2 2026 compared to Q2 2025, despite a high comparison base.

• Organic revenue growth for H1 2026 reached 27% year-over-year.

• Order intake in Q2 2026 totaled €116 million, with strong momentum in navigation systems and photonics.

• Announced acquisition agreement: Thales to acquire controlling stake, followed by a mandatory tender offer.

Financial highlights

• Q2 2026 consolidated revenue: €144 million, up 17% organically year-over-year.

• Navigation & Maritime robotics segment revenue: €120 million, up 20% year-over-year.

• Advanced technologies segment revenue: €29 million, up 12% on a comparable basis.

• H1 2026 organic revenue growth: 27% year-over-year.

Outlook and guidance

• Expects double-digit revenue growth for full-year 2026.

• Current EBITDA growth anticipated to exceed revenue growth for 2026.

• Strong commercial pipeline and backlog exceeding €1 billion provide visibility for continued growth.

• Working capital requirements expected to follow historical seasonal patterns, with significant cash collections in H2.