u-blox (UBXN) Q3 2025 TU earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached CHF 186.5 million, up 19% year-over-year, reflecting growth in continuing operations after the divestment of the Cellular business.

• Third quarter 2025 revenue was CHF 63.1 million, stable compared to Q2 2025.

Financial highlights

• EBIT (IFRS) for the first nine months of 2025 was CHF -11.4 million, a significant improvement from CHF -31.4 million in the same period last year.

• EBIT margin improved to -6.1% from -20.0% year-over-year.

• Adjusted Cash EBIT for 9M 2025 was CHF 6.0 million, up from CHF -25.7 million in 9M 2024; adjusted EBIT margin rose to 3.2% from -16.4%.

• Q3 2025 adjusted Cash EBIT was CHF 3.0 million, up from CHF 2.2 million in Q2 2025.

Outlook and guidance

• Revenue for Q4 2025 is expected to be CHF 60–70 million, with an adjusted EBIT margin of 0% to 10%.

• Management anticipates continued near-term market challenges but remains optimistic about long-term growth, driven by demand in automated driving, robotics, and industrial automation.