Duos Technologies Q2 revenue rises nearly 30% on higher technology solutions sales

Duos Technologies

17/08/2026 21:12

Overview
US modular data center provider's Q2 2026 revenue rose nearly 30% yr/yr
Adjusted EBITDA was positive for Q2, driven by Technology Solutions growth and lower costs
Company completed rail subsidiary divestiture and closed $55 mln direct offering to support growth

Outlook
Company reaffirms 2026 revenue guidance to exceed $50 mln
Company expects a significant portion of 2026 revenue to be recognized in H2
Company anticipates achieving positive adjusted EBITDA for full-year 2026

Result Drivers
TECHNOLOGY SOLUTIONS GROWTH - Co said Q2 revenue increase was mainly driven by higher Technology Solutions revenue tied to AI and data center deployments
COST REDUCTION - Lower costs from winding down AMA-related activities improved gross margin
GAIN ON INVESTMENT SALE - Net income was boosted by gain from sale of minority stake in New APR Energy

Company press release: ID:nGNX8HYvhw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$6.18 mln
$4.90 mln (2 Analysts)
Q2 EPS
 
$1.35
 
Q2 Operating Expenses
 
$3.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Duos Technologies Group Inc is $24.00, about 163.4% above its August 14 closing price of $9.11
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 81 three months ago

Reuters Recommended Reads
Aug 14 - GPU capacity provider Axe Compute's Q2 revenue surges
Aug 17 - Switzerland's Trifork Q2 revenue rises on Products segment growth, reiterates 2026 outlook
Aug 17 - Nvidia to provide up to $105 billion guarantee for OpenAI's Ohio data center

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.)