Innio NV | 8-K: FY2026 Q2 Revenue: USD 937.7 M

Revenue: As of FY2026 Q2, the actual value is USD 937.7 M.

EPS: As of FY2026 Q2, the actual value is USD -0.02.

EBIT: As of FY2026 Q2, the actual value is USD 48.8 M.

Operational Metrics

Innio N.V. reported Equipment Order Intake of $2.3 billion in Q2 2026, marking a 316% increase year-over-year, and $3.9 billion for the first half of 2026 . The Equipment Order Backlog grew to a record $6.6 billion, up 279% year-over-year . Total Revenue for Q2 2026 was $937.7 million, an increase of 42% year-over-year, and first-half revenue totaled $1,606.5 million .

Net Income/Loss

In Q2 2026, Innio N.V. reported a Net Loss of - $16.9 million, primarily due to $81.2 million in one-off costs related to the initial public offering and public market readiness, compared to a Net Income of $62.4 million in Q2 2025 . The Net Loss for the first half of 2026 was - $25.9 million, compared to a Net Income of $97.4 million in the first half of 2025 . The Net Loss margin for Q2 2026 was -1.8%, down from a Net Income margin of 9.5% in Q2 2025 .

Adjusted EBITDA

Adjusted EBITDA for Q2 2026 was $172.3 million, a 20% increase year-over-year . For the first six months of 2026, Adjusted EBITDA reached $294.8 million . The Adjusted EBITDA margin was 18.4% in Q2 2026, compared to 21.8% in Q2 2025 .

Adjusted Net Income

Adjusted Net Income was $57.4 million in Q2 2026, compared to $65.4 million in the prior-year period . For the six months ended June 30, 2026, Adjusted Net Income was $63.0 million, down from $102.2 million in the same period of 2025 .

Segment Performance

Equipment Segment: Revenue: $569.3 million in Q2 2026 (up 61% year-over-year) and $891.8 million for the first half of 2026 . Adjusted Segment EBITDA: $78.6 million in Q2 2026 and $101.5 million year-to-date . Adjusted Segment EBITDA Margin: 13.8% in Q2 2026, down from 18.7% in Q2 2025 .

Services Segment: Revenue: $368.4 million in Q2 2026 (up 21% year-over-year) and $714.7 million for the first half of 2026 . Adjusted Segment EBITDA: $109.8 million in Q2 2026 and $219.8 million for the first half of 2026 . Adjusted Segment EBITDA Margin: 29.8% in Q2 2026, up from 28.1% in Q2 2025 .

Operating Costs

Cost of equipment and products sold: $421.6 million in Q2 2026, up from $251.0 million in Q2 2025 . For the six months ended June 30, 2026, it was $662.5 million, up from $397.5 million in the prior year .
Cost of services sold: $208.2 million in Q2 2026, up from $180.1 million in Q2 2025 . For the six months ended June 30, 2026, it was $402.3 million, up from $338.2 million in the prior year .
Selling, general, and administrative expenses: $232.2 million in Q2 2026, up from $101.4 million in Q2 2025 . For the six months ended June 30, 2026, it was $375.2 million, up from $198.4 million in the prior year .
Research and development expenses: $31.9 million in Q2 2026, up from $27.2 million in Q2 2025 . For the six months ended June 30, 2026, it was $60.8 million, up from $46.4 million in the prior year .

Other Financial Metrics

Gross profit: $307.9 million in Q2 2026, compared to $228.4 million in Q2 2025 . For the six months ended June 30, 2026, it was $541.7 million, up from $417.8 million in the prior year .
Operating income: $45.1 million in Q2 2026, down from $101.1 million in Q2 2025 . For the six months ended June 30, 2026, it was $108.2 million, down from $176.1 million in the prior year .
Net cash provided by operating activities: $443.6 million for the six months ended June 30, 2026, significantly up from $90.6 million in the same period of 2025 . Net cash provided by operating activities increased by 282% to $255 million in Q2 2026 .
Net cash used for investing activities: - $101.3 million for the six months ended June 30, 2026, compared to - $45.9 million in the same period of 2025 .
Cash and cash equivalents: $1,039.9 million as of June 30, 2026, compared to $689.5 million as of December 31, 2025 .
Free Cashflow: $205 million in Q2 2026, rising by 352% year-over-year .
Net Leverage Ratio: Improved to 2.7x in Q2 2026 from 3.6x in Q4 2025 .

Unique Metrics

Innio N.V. secured a 1.1 GW prime power order from a new data center customer for phased, multi-year delivery . The company’s self-funded capacity expansion efforts are on track, targeting production capacity growth in Jenbach, Austria (~10 GW), Trenton, NJ & Waller, TX (~3.5 GW), and Waukesha, WI & Welland, ON .

Outlook for Fiscal Year 2026

Innio N.V. projects Total Revenue to be between $3.8 billion and $3.9 billion for Fiscal Year 2026, an increase from $2.6 billion in Fiscal Year 2025 . Adjusted EBITDA is expected to rise to $720 million to $740 million, up from $549 million in Fiscal Year 2025, representing a 33% increase at the midpoint . The company targets an Adjusted EBITDA Margin of approximately 19% for FY26E, anticipating accelerating revenue growth and margin recovery .