Mycronic Ab · OMXSTO:MYCR
Mycronic Ab — Q2 2026 Earnings Presentation
30 slides from Mycronic Ab's earnings presentation, Jul 14, 2026
Slide 1: Second quarter 2026
Second quarter 2026
Slide 2: President and CEO
President and CEO Anders Lindqvist 2
Slide 3: Agenda
Agenda • Q2 in short • Divisional development • Financials • Sustainability • Q&A • Appendix – Market update 3
Slide 4: Q2 in short
Q2 in short Excellent quarter • Order intake increased 119% to a new record level of SEK 2,917 (1,330) million • Stellar contribution from Global Technologies, strong development in High Volume and Pattern Generators growing handsomely relative to a weak Q2 last year • Strong net sales, increasing 1
Slide 5: Pattern Generators
Pattern Generators Share of Group’s net sales Net sales SEK 905 M EBIT SEK 481 M Solid quarter 37% Order intake SEK 675 M EBIT margin 53% • Order intake increased 253% to SEK 675 (191) million • Weak Q2 last year, with no system orders • Orders for four SLXs received, one of which is a customized SL
Slide 6: PCB Assembly Solutions
PCB Assembly Solutions Restructuring program initiated • Despite the two largest orders ever, both in the defense industry, the standard industrial business continues to be weak, particularly in Europe • Restructuring program initiated, aimed at bringing the division’s EBIT margin back above 10 perc
Slide 7: High Volume
High Volume Strong demand • High Volume saw strong demand from the Chinese consumer electronics industry and markets outside China • The division capitalized on new opportunities related to AI infrastructure • Dispensing solutions to dissipate heat in servers and dispensing and final assembly of opt
Slide 8: Global Technologies
Global Technologies Stellar quarter • Continued strong markets for PCB Test and Die Bonding • Order intake increased 176% to the new record level of SEK 1,111 (402) million, surpassing SEK 1 billion for the first time • Net sales increased 118% to SEK 704 (323) million • Net sales acquisition effect
Slide 9: Outlook 2026 revised upwards
Outlook 2026 revised upwards Net sales SEK 9.25 (8.75) billion 9
Slide 10: CFO and Sr VP Corporate Development
CFO and Sr VP Corporate Development Pierre Brorsson 10
Slide 11: Group net sales and EBIT margin per quarter
Group net sales and EBIT margin per quarter MSEK % 3000 40 35 2500 • Net sales increased 17% vs Q2 2025, equivalent to a 30 second-best ever SEK 2,416 million 2000 25 • Aftermarket revenue at SEK 544 million 1500 20 • EBIT margin at 29% 15 1000 10 500 5 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 Aft
Slide 12: Group net sales and EBIT margin rolling 12 months
Group net sales and EBIT margin rolling 12 months MSEK % 10000 50 9000 45 • Net sales R12 amounted to SEK 8,649 million 8000 40 7000 35 • EBIT margin R12 at 26% 6000 30 • Aftermarket revenue R12 at SEK 2,050 million, first time 5000 25 ever above SEK 2 billion 4000 20 • 24% of net sales 3000 15 200
Slide 13: Group Q2 EBIT bridge
Group Q2 EBIT bridge MSEK +23% 85 -51 -46 -35 698 -9 186 568 EBIT Q2 Volume Gross R&D M&S G&A Other EBIT Q2 2025 effect margin 2026 effect % of Sales 2025 27% 53% -12% -8% -6% 0% % of Sales 2026 57% -12% -9% -6% -1% 29% 13
Slide 14: Divisional Q2 EBIT contribution
Divisional Q2 EBIT contribution MSEK 29% 27% 239 9 698 568 -55 -58 -6 Q2 2025 Pattern Generators PCB AS High Volume Global Technologies Group functions Q2 2026 14
Slide 15: Cash flow impacted by dividends, working capital increase and acquisitions
Cash flow impacted by dividends, working capital increase and acquisitions MSEK YTD 2026 YTD 2025 Cash flow from operations • Strong cash flow from operations before change in working capital 1,693 1,263 • Increase in working capital driven by an increase in trade Change in working capital -382 -596
Slide 16: President and CEO
President and CEO Anders Lindqvist 16
Slide 17: Sustainability
Sustainability • Transportation accounts for 7% of Mycronic’s greenhouse gas emissions • During the quarter, three divisions advanced their efforts to reduce these emissions by shifting transportation from air to sea freight • Pattern Generators shipped spare parts to Asia by sea • PCB Assembly Solu
Slide 18: Q&A
Q&A 18
Slide 19: APPENDIX – Q2 2026 Market update
APPENDIX Q2 2026 Market update
Slide 20: Outcome 2025
Outcome 2025 Market summary and updates • Global electronics industry 9.8% to USD 2,803 billion1) • Semiconductors 22.8% to USD 771 billion1) • Optical components 54.9% to USD 27.1 billion3) • PCBs 16.7% to USD 85.8 billion4) • Display market 0.1% to USD 135 billion5) • Display photomasks 7.9% to US
Slide 21: Forecasts 2026
Forecasts 2026 Market summary and updates • Global electronics industry 10.1% to reach USD 3,086 billion1) • Semiconductor industry 62.1% to reach USD 1,250 billion1) • Optical components 50.4% to reach USD 40.8 billion2) • PCBs 18.8% to reach USD 102.0 billion3) • Displays -4.7% to USD 129 billion4
Slide 22: Electronics industry systems
Electronics industry systems Yearly development by industry segment • Growth of 9.8% in 2025, reaching USD 2,803 USD billion billion, with strongest development in 4 000 • Computers 21.5% • Aerospace/Defense 9.7% 3 500 • Communication 8.0% 3 000 • Medical 7.6% 2 500 • Growth of 10.1% forecast for 20
Slide 23: Semiconductors
Semiconductors Quarterly development USD billion 400 • 22.8% growth in 2025, reaching USD 375 771 billion 350 325 • Forecast 62.1% growth in 2026, 300 reaching USD 1,250 billion 275 250 • 15.1% CAGR expected for 2025-2030, 225 reaching USD 1,556 billion 200 175 150 125 100 75 50 25 0 2020 2021 2022
Slide 24: SMT and Dispensing
SMT and Dispensing Market update SMT assembly equipment* • The SMT assembly equipment market grew 25.2% in 2025 to USD 2,600 million1) • During the first quarter 2026, the market grew 37.4% compared with the corresponding period in 2025. Markets in Southeast Asia, North and South America, Europe and
Slide 25: Optical components for data/telecom
Optical components for data/telecom Long-term growth in key die bonding market driven by mega trends Optical components for data/telecom Market share of key optical component suppliers, 2025 (BUSD) Total revenue USD 27.8 billion Ethernet transceivers for AI 14.2% p.a. 79.2 Others Ethernet transceive
Slide 26: Pattern Generators - Display panel market
Pattern Generators - Display panel market Market unchanged in 2025, negative despite stable area growth in 2026, growth resuming in 2027 BUSD Display panel revenue Display panel area Million m2 250 2.5% 350 314 302 307 200 300 277 280 289 1.0% 264 142 250 150 135 135 129 133 137 138 200 100 150 100
Slide 27: Pattern Generators - OLED display panel market
Pattern Generators - OLED display panel market Area continues to grow steadily, price pressure drives negative market growth in 2025–2026 OLED display panel area BUSD OLED display panel revenue BUSD 100 30 6.4% 27 25 80 25 23 3.7% 22 63 20 19 19 57 59 18 60 54 52 54 49 15 40 10 20 5 0 0 2024A 2025A
Slide 28: Pattern Generators – Display photomask market
Pattern Generators – Display photomask market Developed strongly in 2025, forecast to continue to develop positively in 2026 Billion Japanese Yen Thousands of square meters Mask Revenue Mask Area 200 30 1.3% 1.6% 25 150 20 100 15 10 50 5 0 0 2024A 2025A 2026F 2027F 2028F 2029F 2030F 2024A 2025A 2026
Slide 29: Pattern Generators – OLED display photomask market
Pattern Generators – OLED display photomask market Increasing photomask demand for OLED displays - 2026 expected to be another positive year Thousands of square meters Mask Area OLED 11 • OLED development for mobile, IT and TV displays drives demand 10 5.0% for OLED photomasks 9 • The transition to
Slide 30: Bringing tomorrow’s electronics to life
Bringing tomorrow’s electronics to life MYCRONIC