on KALRAY (EPA:ALKAL)
Kalray Reports Strong H1 2026 Results, Confirms 2026 Outlook
Kalray, a semiconductor and AI infrastructure company, announced its H1 2026 results, highlighting a significant financial improvement. The revenue rose to €8.5 million from €5.4 million in H1 2025, marking a 58% increase. EBITDA surged to €5.1 million, compared to €0.3 million the previous year, and net income reached €0.8 million, a reversal from a €2.1 million loss in H1 2025. The company confirmed its 2026 outlook for double-digit revenue growth and improved EBITDA.
Key agreements with Bull and Openchip underpin Kalray's new business model, focusing on technology licensing for AI. The Bull contract alone could add €12 million in revenue over 18 months. Kalray is also reducing liabilities, with a drop in accounts payable and bank loans. Cash flow from operations increased to €4.6 million for H1 2026, reflecting a robust operational model.
With these developments, Kalray remains confident in its strategic direction and aims to leverage its technologies in the expanding AI semiconductor market.
R. E.
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