Computer peripherals maker Cherry's prelim Q1 revenue falls

Cherry SE

28/04/2026 12:59

Overview

Germany-based computer peripherals maker's preliminary Q1 revenue fell yr/yr

Preliminary adjusted EBITDA margin improved to -2.9% from -8.0% yr/yr

Revenue decline driven by FX, hygiene keyboard divestment, and high European inventory

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

FOREIGN EXCHANGE - Co said negative FX effects (USD, Renminbi) contributed to revenue decline

DIVESTMENT IMPACT - Revenue decline partly due to sale of hygiene keyboard business in Q2 2025

EUROPEAN INVENTORY - High inventory levels in European distribution channels weighed on sales

COST REDUCTIONS - Improved adjusted EBITDA margin attributed to lower cost base and better gross margin in Peripherals segment

Company press release: ID:nEQ4rl80Za

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 20.80 mln
Q1 Adjusted EBITDA Margin
-2.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the computer hardware peer group is "buy."

Wall Street's median 12-month price target for Cherry SE is €0.58, about 32.2% above its April 27 closing price of €0.44

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.)