Secunet raises H1 2026 outlook on record backlog

German cybersecurity provider secunet SE increased its first-half 2026 revenue and earnings outlook on Wednesday, citing a record backlog of contracted orders.

The company, which specializes in IT security solutions for government and critical infrastructure sectors, now expects H1 2026 revenue to grow by a low-double-digit percentage year-over-year, up from its prior guidance of mid-single-digit growth. Adjusted earnings before interest and taxes (EBIT) are also projected to expand at a low-double-digit rate, exceeding the mid-single-digit increase previously forecast.

Secunet attributed the upward revision to a substantial increase in its order backlog, which reached a new high in the first half of 2025. The company noted strong demand for its encryption and authentication technologies, particularly from public-sector clients in Germany and the European Union.

Management highlighted ongoing projects in critical infrastructure protection and digital identity solutions as key drivers of the backlog growth. The firm also pointed to sustained investment in cybersecurity across its core markets as a structural tailwind for future orders.

Secunet’s revised outlook assumes no material changes in macroeconomic conditions or geopolitical risks over the forecast period. The company will provide further details during its half-year financial results presentation scheduled for August 2025.

Shares of secunet were little changed in pre-market trading on Wednesday following the announcement.