Germany's Exasol Q1 revenue falls on lower hardware sales, confirms 2026 guidance

Exasol AG

07/05/2026 06:40

Overview

Germany analytics engine provider's Q1 revenue fell yr/yr due to prior-year one-time hardware sales

ARR declined slightly to EUR 37.8 mln, recurring revenue stable yr/yr

Company confirmed 2026 guidance for mid-single-digit ARR growth and revenue decline

Outlook

Exasol confirms 2026 guidance for mid-single-digit percentage ARR growth

Company expects 2026 EBITDA between EUR 3 mln and EUR 4 mln

Exasol sees 2026 revenue declining in the mid-single-digit percentage range

Result Drivers

ONE-TIME REVENUE EFFECT - Co said Q1 revenue fell yr/yr due to exceptionally high one-time hardware and services revenue in Q1 2025

CHURN RATE IMPROVEMENT - Co said ARR churn rate declined to 20% in Q1 2026 from a peak of 27% in Q2 2025, with further reduction expected

NEW BUSINESS PIPELINE - Co said sales initiatives, AI solutions, and the Xperience event contributed to expansion of the new business pipeline

Company press release: ID:nEQ98HGf3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 9.50 mln
Q1 ARR
EUR 37.80 mln


Analyst Coverage

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

Wall Street's median 12-month price target for Exasol AG is €4.45, about 80.2% above its May 6 closing price of €2.47

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 24 three months ago

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(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.)