Finnish sensor technology company Canatu Oyj saw its shares fall 7.72% on Tuesday after reporting a sharp decline in first-half revenue for 2026, with executives attributing the drop to softness in semiconductor and robotics segments.
Canatu’s H1 2026 revenue totaled €4.2 million, a 72% decrease from the same period last year. Semiconductor revenue accounted for €4.0 million of the total, while robotics, medical, and diagnostics contributed €3.6 million. The company maintained a gross profit margin of 79%, unchanged from prior periods.
Executives highlighted ongoing operational adjustments, including a transformation program launched by CEO Dr. Maximilian Slawinski within his first 100 days. The program includes 12 major operational and governance changes aimed at improving efficiency. Canatu also plans to reduce its workforce by up to 17 full-time employees as part of cost-control measures.
The company’s capital expenditures reached €10.5 million in the first half, driven by investments in a second factory and an EUV pellicle scanner. Peak annual CapEx for the current year is projected at a maximum of €13 million, with an average annual limit of less than €6 million from 2030 onward.
Canatu reiterated its long-term revenue targets, aiming for over €100 million by 2030 and a minimum 20% compound annual growth rate from 2030 to 2035, targeting up to €300 million by 2035. The company also set a productivity goal of over €400,000 in average revenue per employee by 2030.
Analysts at Danske Bank and Inderes forecast 36% revenue growth for the current year, though the company’s shares have declined 31% over the past six months. The stock, which closed at €5.87, has traded within a 52-week range of €5.80 to €11.78.
Canatu noted recent progress in reactor orders, including a third order from FST, though site acceptance tests for prior reactors remain ongoing. The company has delivered approximately 1 million sensors to automotive and defense industries and over 5,000 fault-free inspection membranes since 2021.
Industry projections cited during the call estimate a 25% CAGR for the advanced node semiconductor market (7nm and below) over the next decade, with ADAS level 3 and beyond markets growing at nearly 20% CAGR in the same period.
