Landis Gyr publishes second quarter 2026 financial performance metrics

Landis+Gyr Group AG, a global energy technology leader, disclosed its unaudited financial results for the second quarter and the first half of fiscal year 2026. The company reported net revenue of $269.2 million in Q2 FY 2026, surpassing the previous record with a 38.0% adjusted gross margin. The order intake for the quarter reached $170.3 million.

For the first half of FY 2026, the order intake amounted to $337.3 million, with a book-to-bill ratio of 0.7x and a backlog of $3.7 billion. Major contracts awarded in October generated $509 million in order intake. Net revenue for the half-year period decreased 6.3% year-over-year due to project transition timing, while adjusted gross profit increased by 4.0% to $189.2 million, and adjusted EBITDA grew by 3.5% to $73.9 million, resulting in a 14.7% margin.

The company's Chief Executive Officer, Peter Mainz, highlighted the success of their strategic transformation and the return of $175 million to shareholders through share repurchases and the EMEA divestment. CFO Davinder Athwal expressed optimism for the second half of FY 2026, citing progress in new customer deployments and profitability improvements.