August 26, 2026
Huddly AS – Q2 2026: Revenues of MNOK 50, Gross Margin at 49 %
Oslo, 26 August, 2026: Huddly reported revenues in Q2 2026 of NOK 50.4 million, a reduction of 11 % compared to Q2 2025. Adjusted for tariff-related channel stocking in Q2 2025 and currency effects, organic revenue growth in Q2 2025 was 13 % year-over-year. Gross profit ended at NOK 24.5 million, an increase of 1 % compared to Q2 2025. The Gross margin improved to 49 % in the quarter, up from 43% in Q2 2025.
Revenues in Q2 were lower than forecast primarily due to a longer-than-planned commercial roll-out process with some of Huddly’s strategic partners.
“Huddly’s strategic partnerships were further strengthened during the quarter, and the first bundles started shipping to end customers – moving Lenovo and Jabra into the scaling phase of the partner journey, with volumes expected to gradually ramp up through the coming quarters”, said Rósa Stensen, CEO of Huddly.
In June, Huddly launched enhanced AI functionality for the C1 to support the next generation Microsoft Teams IntelliFrame. The solution enables AI video structured understanding from the C1 to be shared with Teams through a dedicated AI data channel. This marks a step towards AI that understands not just conversations, but the people and spaces around them.
The AI-native Huddly Crew+ platform, combining Huddly C1 with the new E1 device, willlaunch in Q1 2027. It will extend Huddly’s modular solution with both video and audio for every room size.
In light of the revenue development in Q2 2026, the Board of Directors has decided to adjust the revenue target. The Company targets a revenue of NOK 230-300 million in 2026, NOK 500-600 million in 2027, and NOK 650-800 million in 2028, with a target of generating positive cash flow from the second half of 2027.Target gross margin remains at approximately 45-50 %. Revenue is expected to increase significantly over the coming quarters as new strategic partner offerings are gradually rolled out.
Today, Huddly announces a contemplated private placement of between NOK 50 – 70 million to inter alia bridge funding until expected cash flow positive in second half of 2027. See separate stock exchange release for details concerning the contemplated private placement. The change in the financial calendar and the acceleration of the publication of the Q2 2026 results to today are due to the contemplated private placement.
The Q2 2026 presentation will be held on Zoom by CEO Rósa Stensen and CFO Abhijit Banik on 27 August 2026 at 08:00 CET. A Q&A will follow directly after the presentation. Questions may be submitted to ir@huddly.com or live during the session.
Register via the following link: https://huddly.zoom.us/webinar/register/WN_wcVnY3ngQf2_qaZwhQEchA#/registration
A recording of the presentation and Q&A session will be published on the company’s website.
For more information, please contact:
Abhijit Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation ("MAR") and is subject to the disclosure requirements pursuant to MAR article 17, Euronext Growth Oslo Rule Book – Part II, section 3.9 and section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Abhijit Saha Banik, CFO of the Company, on 26 August 2026, at 16:38 CEST. This announcement may include projections and other "forward-looking" statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the Company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement.
About Huddly AS
Disruptive innovation is our heartbeat at Huddly. We're committed to pushing technology and challenging the status quo in to empower human collaboration. Combining our industry-leading expertise in artificial intelligence, software, hardware, and UX, we craft intelligent camera systems that enable inclusive and productive teamwork. Huddly cameras are designed to provide high-quality, AI-powered video meetings on major platforms, including Microsoft Teams, Zoom, and Google Meet. With upgradable software, durable hardware, and engaging user experiences, they are the ideal choice for organizations seeking a future-proof, scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in Oslo, Norway, with presence in the US and EMEA and distribution globally.