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Nagarro presents Q2 and H1 2026 numbers, posts 2.0% and 4.2% YoY revenue growth in constant currency in Q2 and H1 2026, respectively

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MUNICH, Aug. 14, 2026 /PRNewswire/ — Today, Nagarro, a global AI transformation and engineering leader, presented its unaudited financial numbers for Q2 2026 and H1 2026, and released its half-yearly financial report.

Q2 results

In Q2 2026, revenue grew to €252.4 million, up from €252.0 million in Q2 2025. On a constant-currency basis, YoY revenue growth was 2.0%, which translated to growth of 0.2% in Euro terms. Organic YoY revenue growth for the quarter was 0.6% in constant currency, which translated to negative 1.1% in Euro terms. Gross profit declined to €81.8 million (32.4% of revenues) in Q2 2026 from €83.7 million (33.2% of revenues) in Q2 2025. Adjusted EBITDA increased to €37.8 million (15.0% of revenue) in Q2 2026, up from €30.5 million (12.1% of revenue) in Q2 2025.

EBITDA declined to €27.7 million in Q2 2026, from €32.0 million in Q2 2025. While adjusted EBITDA grew by €7.3 million year-on-year, EBITDA decreased by €4.3 million, primarily due to YoY increase in share-based payment arrangements cost of €12.0 million (expense of €8.1 million in Q2 2026, against an income of €3.9 million in Q2 2025). For the same reason, EBIT declined to €19.2 million in Q2 2026 from €23.4 million in Q2 2025. Net profit increased to €10.6 million in Q2 2026, up from €8.3 million in Q2 2025 mainly due to absence of withholding tax expense on intra-group dividends. The number of clients generating more than €1 million revenue in last 12-month period was 184 as of June 30, 2026, up from 179 as of March 31, 2026.

Operating cash inflow in Q2 2026 increased to €29.8 million from €4.9 million in Q2 2025 primarily due to higher collections from trade receivables and lower taxes paid.

At the Annual General Meeting held on June 29, 2026, a dividend of €1.00 per share, amounting to €12.4 million and representing 14.9% of 2025 EBIT, was declared. This compares with a dividend of €1.00 per share, amounting to €12.6 million and representing 13.1% of 2024 EBIT, declared at the AGM held on June 30, 2025.

H1 results

In H1 2026, Nagarro’s revenues increased to €500.5 million in H1 2026, up from €498.9 million in H1 2025. On a constant-currency basis, YoY revenue growth was 4.2%, which translated into growth of 0.3% in Euro terms. Organic YoY revenue growth was 2.7% in constant currency, which translated into negative 1.1% in Euro terms. Gross profit and gross margin remained broadly stable at €159.2 million (31.8% of revenues) in H1 2026, compared with €159.3 million (31.9% of revenues) in H1 2025. Adjusted EBITDA increased to €69.1 million (13.8% of revenue) in H1 2026, up from €60.8 million (12.2% of revenue) in H1 2025.

EBITDA increased to €66.5 million in H1 2026 from €65.0 million in H1 2025. EBIT increased to €49.2 million in H1 2026 from €47.5 million in H1 2025. Net profit increased to €29.8 million in H1 2026, up from €19.6 million in H1 2025.

Operating cash inflow in H1 2026 declined to €29.5 million from €42.4 million in H1 2025 due to pending collections from some clients, which are being collected in Q3 2026. Days of sales outstanding (DSO), calculated based on the quarterly revenue, and including both contract assets and trade receivables, has stayed flat at 86 days on June 30, 2026 from March 31, 2026.

Nagarro’s cash balance as of June 30, 2026 was €131.3 million, up from €124.6 million at the end of December 31, 2025. Nagarro’s loans and borrowings remained broadly stable at €310.5 million as of June 30, 2026, compared with €310.1 million as of December 31, 2025. The company reported 18,711 professionals as of June 30, 2026.

The summarized table for the three-month period ended June 30, 2026 is as follows:

Q2 2026

Q2 2025

Growth

mEUR

mEUR

Revenue

252.4

252.0

0.2% YoY in Euro
2.0% YoY in constant currency

Gross profit

81.8

83.7

Negative 2.3% YoY

Gross margin

32.4 %

33.2 %

Adjusted EBITDA

37.8

30.5

23.9% YoY

Adjusted EBITDA margin

15.0 %

12.1 %

EBITDA

27.7

32.0

Negative 13.4% YoY

EBIT

19.2

23.4

Negative 17.9% YoY

Net profit

10.6

8.3

27.7% YoY

The summarized table for the six-month period ended June 30, 2026 is as follows:

H1 2026

H1 2025

Growth

mEUR

mEUR

Revenue

500.5

498.9

0.3% YoY in Euro
4.2% YoY in constant currency

Gross profit

159.2

159.3

Negative 0.1% YoY

Gross margin

31.8 %

31.9 %

Adjusted EBITDA

69.1

60.8

13.7% YoY

Adjusted EBITDA margin

13.8 %

12.2 %

EBITDA

66.5

65.0

2.3% YoY

EBIT

49.2

47.5

3.6% YoY

Net profit

29.8

19.6

52.0% YoY

Nagarro SE will hold its earnings call to discuss half-yearly financial report 2026 on August 14, 2026, at 01:00 pm CEST (04:00 am PT / 06:00 am CT / 07:00 am ET / 12:00 pm BST / 03:00 pm GST / 04:30 pm IST / 07:00 pm SGT / 08:00 pm JST).

To attend, please register in advance at https://www.nagarro.com/en/investor-relations/half-yearly-q2-statements-call-2026.

About Nagarro

Nagarro is a global AI-native engineering and transformation company that engineers intelligence into enterprises securely, responsibly, and at scale. Distinguished by its entrepreneurial, agile, and global character, Nagarro is guided by its CARING values. The company employs around 18,700 people across 39 countries. For more information, visit www.nagarro.com.

(FRA: NA9) (SDAX) (ISIN: DE000A3H2200) (WKN: A3H220)

 

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AI+ • Beyond Boundaries: AWE2027 Officially Launches

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SHANGHAI, Aug. 14, 2026 /PRNewswire/ — On August 12, the 2027 Appliance & Electronics World Expo (AWE2027) officially launched. Under the theme “AI+ • Beyond Boundaries,” it will take place March 17–20, 2027, at Shanghai New International Expo Centre (SNIEC), covering 150,000 square meters and bringing together an estimated 1,200+ exhibitors and 280,000 visitors.

AWE2027 is positioned as “The Global Platform to Showcase & Experience Smart Living.” Powered by AI, it will connect industries, technologies and scenarios to build a more open and collaborative smart-living ecosystem.

The launch builds on AWE2026’s strong results, with SNIEC venue alone covering 140,000 square meters. It attracted 1,000+ exhibitors and 250,000 visitors, with visitors up 30%, while international attendance rose 50% to a record high.

AWE2027 will unveil three initiatives: the AWE Plus Innovation & Technology Zone, the new AWE Startup Zone, and the New Product & Technology Launch Area.

The AWE Plus Innovation & Technology Zone will spotlight embodied intelligence, AI hardware, digital lifestyle, the low-altitude economy, advanced displays and computing chips, showcasing technologies and products and giving professionals a first-hand look at future trends.

The new AWE Startup Zone will connect young teams, incubated companies and startups with industry, capital and markets, bringing fresh energy to the global ecosystem.

The New Product & Technology Launch Area will host product debuts, technology launches, innovation pitches and trend-sharing, helping exhibitors showcase innovations, connect with industry resources and explore market opportunities.

AWE2027 will strengthen its international trade ecosystem by bringing together global buyers, international distributors and multinational industry delegations, connecting cutting-edge technology launches with commercial opportunities.

More than an exhibition, AWE is a gateway to future industries. It showcases smart living, from humanoid, quadruped and domestic service robots to new energy vehicles, smart electric mobility, intelligent aircraft and emerging human-vehicle-home ecosystems. It also highlights AI devices as a new generation of interactive interfaces, the latest display technologies, and health solutions across home scenarios, showcasing the global evolution of healthier appliances. AWE further features energy-transition solutions including solar-plus-storage, home energy management and AI-powered energy efficiency, alongside a complete industrial ecosystem spanning chips, modules, algorithms, core components and integrated solutions.

Every March, leading global companies take the stage in Shanghai, joined by industry leaders, R&D teams, international buyers, professional organizations, investors and leading media. AWE is where the future is in focus and global resources converge.

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SOURCE AWE

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Hoymiles HiOne All-in-One Residential Storage System Receives CEC Approval, Bringing Smarter Energy Independence to Australian Homes

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SYDNEY, Aug. 14, 2026 /PRNewswire/ — Hoymiles, a global leader of smart solar and storage solutions, announced that its HiOne All-in-One residential Battery Energy Storage System (BESS) has received Clean Energy Council (CEC) approval, making HiOne ready for installations across Australia. With this listing, Hoymiles is taking an important step in strengthening its market presence in Australia while supporting growing demand for energy independence.

Meeting the demand for smarter residential energy storage

Australia’s high electricity costs and abundant solar resources are driving more homeowners to adopt rooftop solar and look for ways to make better use of the energy they generate. By adding battery storage, households can store excess solar power during the day and use it when electricity prices are higher, helping reduce their reliance on the grid and lower their electricity bills.

Government incentives at both the federal and state levels are further accelerating this trend by reducing the upfront investment required for residential energy storage. Together, strong solar potential, high electricity costs, and supportive policies are making battery storage an increasingly attractive option for Australian households.

Designed around real residential scenarios, HiOne introduces an integrated approach by combining the hybrid inverter, battery system, and intelligent energy management system into an all-in-one solution.

Key advantages include:

Fast installation: HiOne can be installed in as short as 15 minutes, significantly reducing deployment time and simplifying installation.Integrated and space-efficient design: HiOne takes up 20% less site room and 50% less wall space compared with conventional setups.Flexible energy expansion: 8 kWh per battery module with a stackable design for flexible system configuration and expansion.Reliable backup and long-term performance: Provides 0ms backup switching with the HiBox gateway, while premium 314Ah battery cells, cell-level monitoring, and more than 8,000 life cycles ensure long-term performance.

Supporting Australia’s transition toward smarter energy homes

“CEC approval for HiOne is an important milestone as we expand our residential storage solutions in Australia” said Guy Rong, Vice President of Hoymiles. “Building on our existing presence in the market, HiOne is designed to make home energy storage simpler to install and smarter to operate, helping households get more value from their solar systems.”

With the CEC-approved HiOne All-in-One BESS, Hoymiles is strengthening its residential portfolio in Australia and supporting the growing demand for integrated solar and storage solutions.

HiOne

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SOURCE Hoymiles Power Electronics Inc.

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China advances global AI governance in a comprehensive manner

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BEIJING, Aug. 14, 2026 /PRNewswire/ — A report from People’s Daily.

A recent commentary in The New York Times compared the development of advanced AI models to two distinct paths: “nuclear weapons” and “nuclear energy.” The former emphasizes destructive potential and calls for strict control, while the latter highlights manageable risks and advocates openness and sharing. These contrasting approaches reflect a fundamental question: Is AI a strategic tool for monopoly and competition, or a public good that benefits all of humanity?

China’s answer is clear and firm: AI should be people-centered and used for the benefit of all.

At the opening ceremony of the 2026 World AI Conference (WAIC) and High-Level Meeting on Global AI Governance, Chinese President Xi Jinping called for joint efforts to build a just and equitable system for global AI governance. The proposal reflects a profound understanding of technological and historical trends, embodies the wisdom of governing AI for the common good,  and points toward the long-term goal of building a community with a shared future for humanity.

China adheres to the principle of openness and win-win cooperation, boosting innovation-driven development, and enabling AI to benefit all sectors and businesses.

Recently, China’s next-generation large model Kimi K3 was officially released as an open-source model. With 2.8 trillion parameters, it has become the largest open-source model in the world in terms of parameter scale. China has emerged as one of the most active and fastest-growing sources of open-source large models globally, with cumulative downloads exceeding 10 billion. As Chinese large models continue to evolve rapidly, they are not only stimulating domestic demand through diverse applications but also making advanced technologies more accessible through their competitive cost-performance ratios. These models are increasingly becoming productivity tools favored by users worldwide.

Open source and openness are not just approaches to technological development; they also reflect a philosophy of collaboration and shared growth. China has proposed the AI+ International Cooperation Initiative and launched an action plan on AI cooperation and development, outlining actions in eight areas, including sharing open-source AI ecosystems and promoting the coordinated development of rules and standards. China also unveiled Fenghe, an open-source large language model.

Kazakh President Kassym-Jomart Tokayev said China’s leading role in open-source AI innovation, open platforms, and international scientific cooperation has created new development opportunities for countries worldwide.

China strengthens risk-awareness, ensuring that AI is secure, controllable, and a trusted tool for humanity.

As AI systems continue to grow exponentially in reasoning ability, scientific capability, and autonomy, policymakers around the world must follow the precautionary principle and prepare for possible scenarios and risks, Turing Award laureate Yoshua Bengio noted.

This view aligns with China’s belief that AI must always remain under human control. China has released the Global AI Governance Initiative, which includes proposals on risk assessment and classification, improving laws and regulations, and developing ethical guidelines. The initiative calls on all countries to jointly prevent risks and continuously enhance AI’s safety, reliability, controllability, and fairness.

China has also released versions 1.0 and 2.0 of its AI safety governance framework, integrating safety requirements throughout the processes of model development, deployment, and application. The country issued the Global AI Governance Action Plan, identifying safety and controllability as core principles. In addition, China released an action plan on international AI ethics governance, providing a framework that combines guiding principles with practical measures.

From setting directions to establishing pathways, China continues to provide international public goods, helping ensure that AI, like a powerful steed, can run both fast and steadily.

China encourages inclusiveness and promotes mutual learning among civilizations. It tends to the garden of civilizations with great care to ensure that the beauty of each civilization is appreciated and shared.

Unlike conventional dams that block and redirect water, the Dujiangyan irrigation system harnessed the natural flow of the Minjiang River through scientific diversion and adaptation, benefiting the Chengdu Plain for more than 2,000 years. The Chinese sage Confucius said, “The gentleman seeks harmony but not uniformity.” Different civilizations and systems each have their own characteristics. What matters is mutual respect, coexistence, and shared progress. Danil Kerimi, vice chairman of the Independent Oversight Advisory Committee of the World Intellectual Property Organization, drew on Eastern wisdom to shed light on China’s AI governance approach, which reflects a longstanding tradition of inclusiveness and mutual respect.

Today, this Eastern wisdom is being translated into concrete action. The “Cultural Interactions Engine” seeks to uncover deep connections among world cultural heritage sites and showcase the shared characteristics and diversity of human civilizations to users in more than 170 countries. At the Milan-Cortina 2026 Winter Olympics, the Qwen large language model became the first official AI model in Olympic history, creating a new intelligent experience for winter sports events.

Chinese and Malaysian companies have jointly set up an AI multilingual intelligent dubbing and translation center. The facility supports translation for over 130 languages and makes it possible to translate audiovisual content in just 30 minutes. Chinese AI technologies are now crossing borders, allowing civilizations to grow through inclusiveness and renew themselves through exchange.

China advocates solidarity, seeks to improve global governance, and works to prevent new historical injustice in the field of AI.

During the 2026 WAIC and High-Level Meeting on Global AI Governance, the World AI Cooperation Organization was established, with 38 countries becoming founding members. As the world’s first intergovernmental international organization dedicated to AI, it promotes inclusive development for the benefit of all. It follows the purposes and principles of the UN Charter and remains open to all countries, charting a new course for global AI governance in the intelligent era.

In recent years, China has hosted AI capacity-building workshops, launched the Belt and Road Special Cooperation Program on AI Science, Technology and Innovation, and developed the “Digital South” brand project under the framework of the Global Development Project Pool. Over the next five years, China will provide 5,000 AI training opportunities for developing countries and establish international AI application cooperation centers with ASEAN, the Arab League, the African Union, the Community of Latin American and Caribbean States, the Shanghai Cooperation Organization, and BRICS countries. In addition, China will promote the application of the MAZU intelligent meteorological early warning solution in 30 countries. China has consistently believed and demonstrated that AI should become a symphony of global cooperation.

Looking back to the summer of 1956, when the concept of “artificial intelligence” was first introduced at the Dartmouth Summer Research Project on Artificial Intelligence in the U.S., the past 70 years have witnessed China’s technological journey from its early beginnings to steady progress. This journey has moved from following and catching up to competing alongside global leaders and gaining an edge in more fields.

Today, with high-level technological self-reliance laying a stronger foundation for innovation and “AI Plus” opening up global opportunities, China’s AI sector is entering a period of unprecedented development. This confidence stems from continuous breakthroughs in core technologies, a thriving innovation ecosystem, institutional safeguards that balance development and security, and a commitment to inclusiveness, mutual benefit, and win-win cooperation as a responsible major country.

Standing at a new historical starting point, China is ready to work with all parties with greater openness, more practical actions, and a longer-term vision. Together, they can seize the opportunities and address the challenges in AI development, and jointly create a better future for humanity.

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SOURCE People’s Daily

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