First Sensor (SIS) Q1 2026 earnings summary

Executive summary

• Q1 2026 sales declined 20.1% year-over-year to €22.9 million due to order pull-forward and subdued demand from major industrial customers.

• The sale of the last subsidiary, First Sensor Lewicki GmbH, was completed on December 31, 2025, shifting focus to wafer manufacturing within TE Connectivity.

• Reporting will transition from consolidated IFRS to single-entity HGB standards, with future guidance based on the parent company only.

Financial highlights

• Revenue for Q1 2026 was €22.9 million, down from €28.6 million in Q1 2025.

• Other operating income surged to €28.3 million, mainly from a €24.8 million gain on the sale of First Sensor Lewicki GmbH.

• Adjusted EBITDA (excluding deconsolidation) was €4.3 million (19.0% margin), down from €9.7 million (33.9% margin) year-over-year.

• Profit for the period reached €27.6 million, up from €8.0 million, driven by the one-time gain.

• Operating cash flow increased to €5.5 million from €3.7 million year-over-year.

Outlook and guidance

• Full-year 2026 sales are expected between €85 million and €95 million.

• Investment volume for the year is projected at €2.5–3.5 million.

• No significant recovery in business activity is anticipated before summer 2026.