GomSpace reports 30% revenue growth in first half of 2026

GomSpace, a Denmark-based provider of small satellites, reported a 30% increase in revenue for the first half of 2026, reaching SEK 2.39 billion. Despite a 18% decline in order intake, the company's order backlog has increased, which is anticipated to bolster future business activity. GomSpace's Satellite Systems, Products and Advanced Missions segments contributed to the revenue growth.

The company maintained its full-year 2026 revenue guidance of SEK 540 million to SEK 640 million and expects an EBITDA margin between 5% and 12% for the full year. GomSpace's free cash flow is projected to remain negative for 2026, reflecting planned investments in strategic initiatives, product development, and operational capabilities as part of its scaling efforts.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.