#financial results #Switzerland #energy technology #Landis+Gyr #Cham

Landis+Gyr Reports Q2 and H1 FY 2026 Results

On October 29, 2026, Landis+Gyr Group AG, a prominent player in the energy technology sector, announced its financial results for the second quarter and the first half of the fiscal year 2026, which concluded on September 30, 2026. With significant milestones achieved in both revenue and operational efficiency, the company continues to demonstrate its leadership across the energy landscape.

Financial Highlights of Q2 FY 2026

In Q2 FY 2026, Landis+Gyr recorded net revenues of $269.2 million, achieving an impressive adjusted gross margin of 38.0%, alongside a notable order intake of $170.3 million for the quarter. These figures reflect the company’s commitment to cultivating robust operational strategies and enhancing profitability, evident in their sustained performance despite transitioning projects.

Overview of the First Half of FY 2026

During the first six months of FY 2026, Landis+Gyr reported an order intake totaling $337.3 million, marking a book-to-bill ratio of 0.7x and establishing a backlog of $3.7 billion. However, net revenue for the half-year was $501.4 million, a decline of 6.3% compared to the previous year, attributed mainly to the timing of project transitions. Despite this dip, the company's adjusted gross profit rose by 4.0% to $189.2 million, with a gross margin expanding by 370 basis points to 37.7%.

Significant Developments After H1

Landis+Gyr secured a major contract award post-H1 in October, driving an order intake of $509 million. This highlights the company's proactive strategy in capturing new business opportunities in the evolving energy sector.

The adjusted EBITDA for the first half reached $73.9 million, equivalent to a margin of 14.7%, reflecting a 3.5% increase compared to the prior year. As a result of improved operational performance, income from continuing operations surged to $51.1 million or $1.84 per diluted share, marking a remarkable 268% increase year-over-year. With operating cash flow standing at $74.0 million, Landis+Gyr maintained a strong focus on managing working capital efficiently.

Strategic Initiatives and Looking Ahead

The company completed a significant $175 million return to shareholders through share buybacks, as part of its commitment following the divestment in EMEA. Furthermore, it is making strides toward a U.S. listing, while maintaining its presence in Switzerland, reflecting its global ambitions and strategic transformations.

Looking forward, Landis+Gyr has updated its FY 2026 guidance, narrowing net revenue expectations to between $1,085 million and $1,115 million. The adjusted EBITDA margin target has also been raised to between 15.0% and 16.0%, signaling confidence in a strong second half as new customer deployments ramp up.

Peter Mainz, the CEO, expressed optimism regarding their operational excellence, stating, "Our first half FY2026 top-line performance was in line with expectations and reflected the timing of transition between two major customer deployments."

Davinder Athwal, the CFO, added that the second half is expected to show robust growth, buoyed by new customer deployments and profitability enhancements.

Conclusion

Landis+Gyr continues to build on its foundation of innovation and strategic planning, ensuring it remains at the forefront of the energy sector. With a focus on profitability, operational excellence, and shareholder value, the company is poised for significant growth as it navigates the landscape of energy technology and smart grid solutions. For further information, visit Landis Gyr.