EarningsQ2 2026 Earnings Report
DE:BC1 Q2 2026 EPS Results
Actual EPS-€0.03
Consensus EPS-€0.03
Beat/MissMissed by -<€0.01
One Year Ago EPS€0.14
DE:BC1 Q2 2026 Revenue Results
Actual Revenue€434.29M
Expected Revenue€245.79M
Beat/MissBeat by +€188.51M
YoY Revenue Growth-1.72%
Earnings Announcement Details
QuarterQ2 2026
Date07/15/2026
TimeBefore Open
Conference CallWednesday, July 15, 2026
DE:BC1 Upcoming Earnings
Barco's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BC1 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Negative
The call presented a mixed picture: clear strategic and operational progress in pockets (control rooms, diagnostic imaging, HDR traction in cinema, initial VerVent contribution, rising NPS and sustainability metrics) and management reconfirmed a constructive full-year outlook. However, the first half featured meaningful financial weakness — declining sales (-8% y/y), low EBITDA margin (6%), negative free cash flow (-EUR 37m), a net loss (EUR -4.8m), inventory build (+EUR 57m) and a shift to net debt after the VerVent acquisition — which together create material near-term financial pressure. While management outlined cost measures and sees H2 recovery, the negative H1 financial trends and cash/earnings impacts currently outweigh the positives.Company Guidance
Order Book and Order Momentum
Order book at EUR 568 million (up from EUR 492 million at end-2025). Orders H1: EUR 468 million (4% below last year; flat at constant currency). Second-quarter momentum improved with orders picking up toward the end of Q2.
Divisional Strength — Control Rooms & Enterprise Software
Control rooms showed broad growth: orders and sales grew in all regions. The control platform now represents ~43% of control-room sales, contributing to higher gross margins and recurring/software mix gains.
Diagnostic Imaging Outperformance
Diagnostic imaging delivered solid performance with replacement waves in radiology and mammography and traction in digital pathology (new AI-enabled SlideWrite QA solution), driving higher-quality, recurring-type revenues.
Entertainment Resilience & HDR Traction
Entertainment sales EUR 199 million (5% below prior year) but orders EUR 243 million (+3%). HDR by Barco: >100 systems planned by year-end and >45 blockbusters secured (vs ~35 last year). Cinema replacement demand outside China helped offset regional softness.
VerVent Acquisition Integration and Early Contribution
VerVent Audio integrated as a third BU in entertainment; first two months contributed positively to orders, sales and EBITDA, driven by premium headphones and automotive audio licensing. Acquisition expected to broaden addressable market and create bundling synergies.
Resilient Margins and Recurring Revenue Mix
Gross profit margin described as 'resilient' despite product-mix effects. Recurring revenues reached 13% of total sales, and gross profit improvements supported by software and service mix (gross margin +2pp in enterprise).
Sustainability and Customer Satisfaction Improvements
Eco-labeled revenues at 77% of sales (+1ppt vs. last year). Net Promoter Score improved to 66 (up 6 percentage points vs. prior full year), indicating stronger customer satisfaction/NPS momentum.
Guidance Reconfirmed
Management reconfirmed full-year guidance: expects full-year sales above last year (including VerVent) and an EBITDA margin of 11%–12% for FY2026; 2028 targets (EUR 1.1bn / 15% margin) maintained.
DE:BC1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed