MIPS AB (publ) (MIPS) Q2 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Mips Ab.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.131 -- 00:00:05.195 Good morning everyone, my name is Max Ramvits, I am the CEO of 00:00:05.195 -- 00:00:11.200 NIPS and with me today we also have our CFO Karin Rosenthal 00:00:11.200 -- 00:00:16.625 and we will take you through the interim report of the second 00:00:16.625 -- 00:00:20.488 quarter 2026. So 00:00:20.488 -- 00:00:25.590 if we start with the quarter we did see strong development 00:00:25.756 -- 00:00:31.359 with 72% growth in the quarter. Organic growth 00:00:31.359 -- 00:00:36.443 was 42% so we adjust for Forex which 00:00:36.443 -- 00:00:41.846 was more or less flat and then of course we also adjust for acquisition 00:00:41.846 -- 00:00:47.390 effect. So very strong organic growth. Year-to-date growth is now at 00:00:47.390 -- 00:00:51.971 53% and organic growth level at 35%. 00:00:52.018 -- 00:00:57.940 We do see strong momentum in all categories and all geographies. 00:00:57.940 -- 00:01:01.800 Continued strong performance in Europe. 00:01:01.800 -- 00:01:07.362 US growth helped by the acquisition and software comparators after the implementation 00:01:07.362 -- 00:01:12.543 of tariffs last year. If we start with Europe, we did see strong organic 00:01:12.543 -- 00:01:17.556 growth with 48% growth in the quarter. And if 00:01:17.556 -- 00:01:23.320 we look at the US market, we actually managed to deliver a 32% 00:01:23.320 -- 00:01:27.922 organic growth. So very, very strong number in a challenging market. 00:01:27.922 -- 00:01:33.046 The Goroid acquisition is developing well, good interest from existing and new 00:01:33.046 -- 00:01:38.745 customers to integrate new products. We did reach a settlement agreement 00:01:38.745 -- 00:01:43.973 regarding the legal dispute in the US. It was actually not in the quarter. 00:01:43.973 -- 00...