Teleste Q2: Orders up, revenue down
August 14, 2026
Teleste, the Finnish broadband technology provider, has reported that Q2 2026 orders increased 8.3 per cent year on year to €25.6 million, up from €18.2 million in Q1. However, revenue fell 13.5 per cent to €19.6 million, attributed to lower network equipment deliveries in North America.
Esa Harju, President & CEO, commented: “Teleste’s second quarter continued with solid execution and was in line with our expectations. Networks further strengthened its position in Europe, while Public Safety and Mobility delivered the strongest quarterly result in its history.”
“Order intake and revenue increased from the first quarter of the year, although remained below the strong comparison period. Profitability remained robust, and operating cash flow was positive. Both of our business segments continued to deliver steady performance in a changing market environment.”
“In the Networks segment, order intake increased both sequentially and year-on-year. Revenue remained close to the level of the first quarter, while profitability stayed strong. Performance in Europe was particularly positive, with new orders received from several customers across multiple markets and product categories. In North America, market development continued at a slower pace, as expected, due to the ongoing merger process of a significant customer. Profitability was supported by a favorable product and customer mix, as well as strong operational execution.”
“In the Public Safety and Mobility segment, revenue increased both sequentially and year-on-year, and profitability improved significantly. The segment delivered the strongest quarterly result in its history, demonstrating the effectiveness of the development initiatives implemented in recent years. While order intake was softer during the quarter, we expect a strong order flow in the second half of the year. We are also expanding our station systems business through our collaboration with the Belgian national railway operator.”
“The operating environment continues to involve uncertainties, particularly regarding the timing of customer investments. Performance in the second half of the year will be influenced by the progress of the merger among North American operator customers and the final delivery schedule of our largest train manufacturing customer. We maintain our financial outlook for 2026 and expect performance in the second half of the year to be weighted toward the end of the year. We remain focused on profitable growth, operational efficiency, and the disciplined execution of our strategy,” concluded Harju.
Teleste estimates that Net sales for 2026 will be in the range of €140 to €160 million and adjusted Operating profit in the range of €7 to €10 million. Profit is expected to be weighted toward the second half of the year.
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