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Landis+Gyr's Stellar Performance in Q2 and H1 FY 2026

On October 29, 2026, Landis+Gyr Group AG, a prominent player in the global energy technology sector, announced its unaudited financial results for the second quarter and the first half of the fiscal year 2026, which concluded on September 30, 2026. This release marks an important moment for the company as it reflects on its operational effectiveness amidst a transforming market.

Q2 Highlights

The second quarter of the fiscal year 2026 proved to be a significant period. Landis+Gyr reported a net revenue of $269.2 million, complemented by a remarkable adjusted gross margin of 38.0%. The order intake for this quarter also showed strength, reaching $170.3 million. This positive trajectory showcases the company's ability to enhance its profitability while maintaining a healthy order book.

First Half Overview

In the first half of FY 2026, Landis+Gyr achieved an order intake totaling $337.3 million, resulting in a book-to-bill ratio of 0.7x and a backlog amounting to $3.7 billion. The total net revenue for this period stood at $501.4 million, reflecting a 6.3% decrease from the previous year's figures, largely due to the timing of transitions between major customer projects. However, the adjusted gross profit saw a 4.0% increase to $189.2 million, signifying improvement in operational performance.

The adjusted EBITDA rose by 3.5%, attaining $73.9 million, which equates to a margin of 14.7%, up by 140 basis points compared to prior figures. The consolidated profit from continuing operations amounted to $51.1 million, or $1.84 per diluted share, indicating a striking 268% increase year-on-year.

Strength in Cash Flow and Strategic Directions

The company recorded an operational cash flow of $74.0 million, highlighting its ongoing focus on working capital management. In terms of shareholder returns, Landis+Gyr successfully completed a $175 million buyback program in October, as part of the strategy announced during the divestment of its EMEA business.

Additionally, progress continues toward a potential U.S. stock market listing while retaining its presence on the Swiss stock exchange. Reflecting confidence in its future trajectory, the company has adjusted its revenue forecast for FY 2026, narrowing it to between $1,085 million and $1,115 million while raising the adjusted EBITDA margin forecast to between 15.0% and 16.0%.

Executive Insights

Peter Mainz, the Chief Executive Officer, emphasized, “Our revenue performance for the first half of FY 2026 aligned with our expectations and mirrored the timing of transitions between significant customer projects. Our continued focus on operational excellence in Q2 led to a record adjusted gross margin.” He added, “We are unwaveringly advancing our strategic transformation and have returned the proceeds from the sale of the EMEA business to our shareholders as promised.”

Meanwhile, Chief Financial Officer Davinder Athwal expressed optimism about the upcoming second half of FY 2026, backed by the initiation of new customer projects and further enhancements in profitability. This is echoed in the increased adjusted EBITDA margin forecast of 15% to 16%.

Conclusion

As Landis+Gyr navigates through changing market dynamics, its strategic decisions and focused operational improvements position it to achieve continued growth and shareholder value. With a solid backlog and a robust financial outlook for the second half of FY 2026, the company is indeed poised for success in the evolving energy landscape. For further insights, visit Landis+Gyr.