GomSpace Group reported second-quarter 2026 revenue of SEK 112.62 million, a 17% increase from SEK 96.5 million in the same period last year, according to the company’s earnings call transcript. The result fell short of market expectations of SEK 127 million, representing an 11.3% miss.
First-half revenue totaled SEK 197 million, up 30% year-over-year. Net profit remained flat at SEK 28 million for both the quarter and first half. EBITDA came in at SEK 14 million in Q2, translating to a 13% margin, while first-half EBITDA reached SEK 25 million at an 11% margin. Cash flow was negative SEK 42 million in Q2 and SEK 100 million in the first half, leaving the company with a cash balance of slightly above SEK 180 million at June 30. The equity ratio stood at 41% following a warrant conversion.
Order intake for the quarter reached SEK 240 million, reflecting strong demand for the company’s satellite systems and national defense solutions. GomSpace’s business is divided into four segments: Products, Satellite Systems, National and Defense Solutions, and Advanced Missions. The Satellite Systems unit contributed the largest share of quarterly revenue, while National and Defense Solutions is positioned as the primary driver of future large contracts despite generating no revenue in Q2.
The company’s stock rose 9.78% in pre-market trading to $12.24, up from the prior close of $11.15, adding approximately $1.09 per share. Shares remain well below the 52-week high of $2.72 and modestly above the low of $1.15, with a six-month decline of 44.67%.
GomSpace highlighted several key projects during the call, including a contract with SpaceX for the October 2026 launch of the Ukraine UASAT satellite, a monitoring initiative in Indonesia targeting illegal fishing and Chinese trawler activity, and opportunities in Germany tied to a €35-42 billion government investment in space defense. The company also referenced ongoing work with Unseenlabs and potential funding from the European Defence Fund and ESA for Advanced Missions.
CEO Carsten Drachmann emphasized improved stability and progress toward profitability after a decade of volatility. He noted that GomSpace’s 13% EBITDA margin outperformed many peers, adding that the company focuses on selling solutions rather than standalone hardware. Regarding a 2025 customer receivable collateralized by 30,000 shares valued at approximately $949 per share, Drachmann stated the company maintains control over the assets under separate collateral agreements.
