SCHMID Group N.V. (NASDAQ:SHMD) is in the spotlight Monday, looking back on a week that included the company’s first-half 2026 earnings report.
- Schmid stock is showing exceptional strength. Why are SHMD shares rallying?
H1 2026 Earnings
Schmid reported H1 2026 revenue of €46.0 million, up sharply from €16.9 million in the same period last year, with gross profit of €9.8 million representing a 21.2% margin. The company posted an operating loss of €8.0 million, while adjusted EBITDA improved to negative €0.6 million from negative €11.6 million a year earlier. Net loss widened to €47.8 million, driven mainly by non-cash effects from a liability-to-equity conversion and warrant fair-value movements.
Order intake reached €96.6 million year-to-date as of Aug. 21, with backlog standing at €95.0 million. The company reduced financial debt by approximately €30 million since year-end 2025 and converted €30.75 million of shareholder debt into equity. Following a new $20 million 2029 convertible note, cash stood at approximately €14.3 million as of July 31, with about $21 million still available under a standby equity purchase agreement.
“In the first six months of this year we have converted liabilities into equity, raised significant financing, brought our leverage to a more sustainable level, rebuilt working capital and invested into growth,” said Arthur Schuetz, CFO of Schmid. “We have seen significant pickup in orders in Q2, first in China and now increasingly across our global markets.”
Reaffirms FY26 Revenue Guidance
Schmid reaffirmed its 2026 revenue guidance of more than €100 million and maintained its order intake guidance of €125 million to €150 million but cut its adjusted EBITDA margin outlook to 6% to 9% from more than 12%.
Schmid Shares Bolt Higher
SHMD Price Action: At the time of publication, Schmid shares are trading 6.32% higher at $3.19, according to data from Benzinga Pro.
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