F Secure Oyj (FSROF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to F-Secure's Q2 2026 result webcast. I'm Tiia Tikkonen from F-Secure's Investor Relations and I'm joined here by our CEO Timo Laaksonen and CFO Robin Pulkkinen who will give you a presentation on the key highlights and financial development over the past quarter. After their presentation, there's time for you to ask questions and you can already post them in the webcast tool and you live here in Helsinki. If you have a question, just raise your hand and we'll bring you a microphone. But with that, without further ado, Timo, the stage is yours. Welcome also on my behalf. Thanks for taking the time to join us on this beautiful Finnish summer's day, both here in the room as well as online, wherever you may be. So our header says the most important thing from our strategic point of view. We saw strong growth in the second quarter, thanks to our embedded business doing well. Let's get to the details. So our currency neutral growth was roughly 10% and that was driven by the good development in the embedded security business, especially within the tier one segment. I'll get to more details in a moment. Our reported revenue was 39.8 million. some headwinds there with US dollar and especially Japanese yen, unfortunately. We saw a moderate decline in security suite, but we are clearly seeing a possibility now to return to a more balanced resource allocation towards both embedded and security suite on commercial and product fronts than what we've had in the past couple of quarters. Our adjusted EBITDA was slightly lower than last year because of planned investments that we made during the quarter. Now, the result is precisely as we had planned. So this is not a surprise to us. And we are proceeding, as a matter of fact, up until the end of H1 precise...