Italy's SECO preliminary H1 sales improve on edge computing

Seco

15/07/2026 06:05

Overview
Italy edge AI provider's preliminary H1 net sales rose slightly yr/yr
Gross margin for H1 improved to 54.0% from 53.4% yr/yr
Sales growth driven by edge computing and Clea recurrent revenues

Outlook
SECO expects Q3 2026 revenues at around €60M, up 25% YoY
Company expects continued strong progression in top-line revenue
SECO says resilience to rising memory prices supported by supply chain actions and price increases

Result Drivers
EDGE COMPUTING REVENUE - Co said H1 sales growth was linked to expansion of edge computing revenue
CLEA RECURRENT REVENUES - Clea business generated €7.4M in H1, with recurring revenues up 12% yr/yr
PRICE INCREASES AND SUPPLY CHAIN ACTIONS - Co said gross margin improvement showed resilience despite rising memory prices, mitigated by supply chain actions and price increases

Company press release: ID:nBIA8RQSY8

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
EUR 99 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Seco SpA is €3.55, about 13.4% above its July 14 closing price of €3.13
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 18 three months ago

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.)