Oxford Instruments (OXINF) Q2 2026 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.475 Good morning everyone and welcome to the Oxford Instruments half year results 00:00:04.475 -- 00:00:07.516 presentation. Thanks for joining us today. 00:00:10.321 -- 00:00:14.905 We provided an initial overview of the shape of the first half of the year in our trading 00:00:14.905 -- 00:00:19.970 update a few weeks ago. Today I'm going to begin with the key highlights of the period 00:00:19.970 -- 00:00:24.714 and then I'll hand over to Paul for the financial review before returning to the detail 00:00:24.714 -- 00:00:29.748 on our strategic progress with some pointers into the second half and beyond. 00:00:29.748 -- 00:00:35.536 There'll also be an opportunity for questions at the end, both in the room and online. 00:00:36.502 -- 00:00:40.991 Since we last met in June, we have made another six months of good progress on our strategy 00:00:40.991 -- 00:00:46.082 to simplify the group, improve commercial execution and realign our regional presence, 00:00:46.082 -- 00:00:50.427 laying the foundations for future growth and margin expansion. 00:00:50.842 -- 00:00:54.647 At the same time, the team have had to contend with more significant disruption than 00:00:54.647 -- 00:00:59.512 anticipated in the trading environment as a result of the global tariff and trade volatility, 00:00:59.512 -- 00:01:03.475 coupled with funding challenges in academia. 00:01:04.018 -- 00:01:07.001 As the results show, the first few months of the year were challenging in our higher 00:01:07.001 -- 00:01:12.267 margin imaging and analysis division, while we are working with our customers to align 00:01:12.267 -- 00:01:15.068 on a new trading landscape. 00:01:15.226 -- 00:01:20.311 By contrast, in advanced technologies, we've made great progress with 25% order ...