Einride AB’s shares rose 19.38% in premarket trading on Tuesday after the Swedish autonomous freight technology company reported H1 2026 revenue of EUR 27 million, a 26% increase from EUR 21 million in the same period a year earlier.
The company’s stock reached $7.35 in premarket activity, up from a prior close of $6.16, while after-hours trading showed a 12.01% gain to $6.90. Einride’s 52-week range stands between $4.63 and $34.00.
H1 2026 adjusted EBITDA widened to a negative EUR 34.6 million from EUR 21 million a year ago, reflecting continued investment in growth initiatives. Gross profit margin over the past 12 months remained negative at 46.88%, though contribution margin improved to 21% in H1 2026, with guidance for H2 2026 set between 21% and 23%. Research and development spending rose to USD 20.4 million from USD 13 million in the prior-year period.
Einride’s H2 2026 revenue is projected between EUR 39 million and EUR 42 million, with an annualized revenue run-rate target of EUR 85 million to EUR 95 million by December 2026. The company expects cash-flow breakeven in the second half of 2028, contingent on a deployed fleet of 1,500 to 2,000 vehicles.
The company’s customer base has expanded to more than 30 global clients across seven countries, including the U.S., Europe, and the UAE, with nearly 600,000 shipments completed to date. Einride’s current fleet includes about 250 Driver trucks, with plans to increase this to just under 400 by year-end 2026. Over 5,400 hours of driverless operations have been logged in contracted customer deployments, a 64% year-over-year increase.
Financing for fleet expansion will rely on asset-backed debt facilities, with an effective interest rate of approximately 14%, according to CFO Anubhav Verma. Verma emphasized that the approach aims to avoid equity dilution for shareholders.
Strategic partnerships continue to underpin Einride’s growth. The company is rolling out 75 electric trucks for Amazon across five U.S. locations via the Amazon Relay network, with most deployments expected before year-end. Einride also holds an agreement to deploy 500 Tesla Semis on its Saga AI platform, targeting majority operations before the end of 2027. The Tesla deal could triple the company’s deployed fleet, Einride noted.
Additional collaborations include a partnership with DAF and PACCAR group to integrate Einride’s SAE Level 4 autonomous technology onto DAF vehicle platforms, with interface testing slated for 2026 and full integration in 2027. Einride also formed a defense business unit following pilot contracts with the European NATO Allied Defense Organization and a strategic partnership with Centinus for real-time threat detection and counter-UAS monitoring, with revenues expected to begin in 2027.
Einride plans to transition from half-year to quarterly reporting starting in 2027, with Q3 2026 as the first quarterly report under the new cadence. The company submitted a Form 6-K filing on the date of the earnings call.
