Israel's BATM H1 revenue rises on higher carrier ethernet sales
Israel's BATM H1 revenue rises on higher carrier ethernet sales
Overview
Israel network infrastructure and cybersecurity firm's H1 2026 revenue rose yr/yr on adjusted basis
Company agreed to sell most remaining non-core businesses to focus on core technology units
Adjusted gross margin held steady at 34.9% despite product mix changes
Outlook
BATM expects full-year results in line with market expectations, including core revenue growth
Company says timing of cyber orders could be affected by Israeli national elections and budget releases
BATM expects to complete disposal of non-core activities and invest proceeds in core business growth
Result Drivers
CARRIER ETHERNET SALES - BATM Networks revenue grew 20% yr/yr, driven by increased carrier ethernet sales and new customer orders
PRODUCT MIX - Gross margin in BATM Networks improved to 50.7% from 44.4% due to product mix
BUDGET TIMING - BATM Cyber revenue declined slightly, reflecting timing of budget release by long-standing government customer
Company press release: ID:nRSX7661Ra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $41.70 mln |
|
H1 Gross Margin |
| 34.90% |
|
H1 Gross Profit |
| $14.60 mln |
|
Analyst Coverage
The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 79 three months ago
Reuters Recommended Reads
Aug 21 - Network gear maker Ubiquiti Q4 profit rises on enterprise demand; higher costs hit margins
Aug 21 - China's Zhongji InnoLight interim revenue jumps on AI demand
Aug 21 - Chinese industrial robot maker ESTUN's H1 revenue edges up
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)