Bittium Reports Significant Growth in Revenue and Order Backlog

Bittium Oyj reported strong financial performance for the second quarter of 2026. The company's revenue increased by 60.1% year-over-year, reaching EUR 36.6 million. Profitability also improved significantly, with operating profit rising to EUR 8.1 million, representing 22.2% of revenue. This growth was primarily driven by the Defence & Security business segment's expansion and increased product deliveries.

For the first half of 2026, Bittium's revenue totaled EUR 57.9 million, a 37.2% increase from the previous year. The operating profit for the period was EUR 9.6 million, or 16.6% of revenue. This performance surpassed the company's long-term growth targets, with profitability within the strategic objective range.

Accelerating international growth remains a key focus for Bittium's strategy. The company secured new orders worth EUR 81.0 million in the first half, boosting its order backlog to a record EUR 102.2 million. The Defence & Security segment accounts for 92.2% of this backlog.

Bittium also strengthened its financial position, with operating cash flow improving significantly to EUR 36.9 million. The company's cash reserves increased by EUR 25.6 million. Following the strong performance in its Defence & Security segment, Bittium has been reclassified under the 'defense' sector in international industry classifications, potentially improving access to defense-focused investment funds and increasing analyst coverage.