Seco (IOT) Q2 2026 TU earnings summary

Financial performance and guidance

• Q2 2026 net sales reached €50M, exceeding guidance and up 4% from Q1 2026.

• First half 2026 net sales totaled €99M, nearly flat compared to 1H25.

• Clea recurring revenues grew 12% YoY to €5M in 1H26.

• Gross margin improved to 54.0% in 1H26 from 53.4% in 1H25, despite rising memory prices.

• Q3 2026 revenue guidance set at around €60M, a 25% YoY increase and a quarterly record.

Strategic and operational highlights

• Expansion in Edge computing drove a 6% YoY increase in related revenues to €91.4M in 1H26.

• Clea business contributed €7.4M in 1H26, with 65% from recurring revenues.

• Achieved all-time-high order intake, boosting business visibility.

• New design wins secured across multiple verticals, including robotics.

• Supply chain management and price increases mitigated cost pressures.

Market positioning and outlook

• Positioned as a provider of integrated edge AI and physical AI systems for industrial clients.

• Edge AI and physical AI trends are driving fresh demand in new verticals.

• Focus on enabling industrial-scale AI adoption and innovative business models.

• Global customer base spans automation, robotics, medical, defense, transportation, energy, and vending.