EarningsQ2 2026 Earnings Report
DE:NN2 Q2 2026 EPS Results
Actual EPS€0.10
Consensus EPS>-€0.01
Beat/MissBeat by +€0.10
One Year Ago EPS€0.02
DE:NN2 Q2 2026 Revenue Results
Actual Revenue€114.82M
Expected Revenue€103.54M
Beat/MissBeat by +€11.28M
YoY Revenue Growth+19.29%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:NN2 Upcoming Earnings
NN's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:NN2 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear signs of positive operational momentum: double-digit top-line growth, margin expansion, strong adjusted EBITDA improvement, meaningful new-business wins and a strategically important refinancing that materially reduces PIK interest and de-levers the balance sheet. Management raised full-year guidance and articulated a credible multi-vertical growth strategy (data center, defense, medical) with sizable pipelines. Offsetting risks include residual preferred exposure, remaining debt/term loan refinement needs, share dilution from equitization, raw material pass-through volatility that pressures working capital and margins, and near-term capacity/CapEx requirements to support rapid ramps. Overall, the positive financial and strategic developments materially outweigh these execution and financing risks.Company Guidance
Revenue Growth – Q2 and Year-to-Date
Q2 net sales of $128.7M, up ~19% year-over-year; first half net sales of $247.2M, up ~$33.6M or ~16% versus prior year, demonstrating sustained top-line momentum.
Profitability Expansion – Gross Margin and EBITDA
Q2 adjusted gross margin dollars of $26.1M, up $5.0M (+24%); Q2 adjusted gross margin rate 20.3% (up ~80 bps YOY). Q2 adjusted EBITDA $17.9M, up $4.7M (+36%); Q2 adjusted EBITDA margin 13.9% (expanded ~170 bps YOY). First half adjusted EBITDA $32.1M, up $8.3M (+35%), YTD adjusted EBITDA margin 13.0% (up ~190 bps).
Strong Segment Performance – Power Solutions
Power Solutions Q2 net sales $62.3M, up 40% versus prior period ($44.6M); Power Solutions adjusted EBITDA $12.7M, up $3.6M (+40%); segment adjusted EBITDA margins ~20%, increasing meaningfully year-over-year.
Improving Segment Trends – Mobile (Machined) Solutions
Mobile Solutions delivered consecutive quarters of year-over-year sales growth: Q (reported) sales ~$66.6M (up ~5% vs prior comparable period); Q2 adjusted EBITDA $9.8M, up 13% vs prior; segment adjusted EBITDA margin ~14.7%, up ~100 bps.
Material New Business Wins and Pipeline Expansion
Secured $65M of new business awards in the first half (company comment), with new business wins through July at $80M; announced guidance of $80M–$100M for full-year new wins. Company reported a growing prospecting pipeline (approaching ~$100M prospecting for data center) and ~27% hit rate on closed opportunities.
Strategic Refinancing and Capital Structure Improvements
Completed a multi-legged $124M refinancing: raised $75M PIPE previously; used ~$70M of cash to redeem a large portion of preferred, equitized ~$19M of preferred into common stock, and reduced remaining preferred PIK to 10% for one year (from 14.5%). Annual PIK interest expected to be reduced by ~ $13M.
Raised FY2026 Guidance
Updated full-year guidance to $460M–$480M sales and $55M–$65M adjusted EBITDA, reflecting confidence in ramping new wins and improved operational performance.
Market Diversification and Strategic Growth Initiatives
Company progressing a 5-pillar growth strategy (data center/electric grid, defense/electronics, medical, high-value vehicle parts, high-value stamping). Trailing 12-month revenue markers: data center/electric grid ~$80M (target $120M), defense/electronics ~$60M (target $90M), medical ~$15M (target $40M). Multiple ramp-ups and a growing pipeline across these higher-margin verticals were highlighted.
DE:NN2 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