F-Secure Oyj (FSECURE) Earnings Call Transcripts

F-Secure Oyj's Latest Earnings Call - June 4, 2026

In the Q2 2026 earnings call, F-Secure Oyj reported significant progress in its Tier 1 business, highlighting a strong pipeline of partnerships and a commitment to embedded security solutions. Revenue from Tier 1 partners is projected to grow towards EUR 200 million, with a current annual revenue of approximately $50 million. Management maintained their guidance for high single-digit revenue growth, emphasizing the importance of trust in cybersecurity as a core value proposition, particularly in light of increasing AI-related threats.

Reported metrics

Guidance from management

F-Secure maintains its guidance for high single-digit revenue growth, with a focus on expanding its Tier 1 business and enhancing its embedded security offerings. The company aims to achieve an adjusted EBITDA margin approaching 40% as it targets EUR 200 million in revenue.

What management said

I don't know the precise numbers today. But my estimate would be that somewhere between 85% to 95% have already converted into total. But the things that are still happening to increase the value of that business is that we have multiple different modules in total. And practically, every single month, we have new ones, for instance, who are going for scan protection, which they did not have before. So there is value ...

It's constant cat and mouse. It's just the situation changes day by day. And you saw the picture where I had the number, 2,000% increase of AI-powered threats or attacks from 22% to 26%. So it's massive. But I would say that we have kept pace. You can never -- of course, you can make forecasts about the future. But we've kept pace. And for instance, now in May, we launched the press release that 1 of our Tier 1 partn...

What analysts pressed on

Analysts expressed concerns regarding the competitive landscape and the potential risks posed by AI-driven threats. There were also questions about the company's ability to capture the remaining Tier 1 partners and the impact of regulatory challenges on competitiveness.

Main topics on the call

• Tier 1 Business Expansion — F-Secure has successfully partnered with major players like AT&T and Verizon, enhancing its service offerings. CEO Timo Laaksonen noted, "We now serve 10 out of the 20 largest CSPs globally," indicating strong traction i...
• Embedded Security Solutions — The company is focusing on embedded security as a core offering, which is expected to differentiate F-Secure from competitors. Laaksonen stated, "We are building the invisible layer of trust in consumers' digital life," ...
• Revenue Growth Guidance — F-Secure reiterated its midterm target of high single-digit revenue growth, with adjusted EBITDA approaching 40% as revenue nears EUR 200 million. This is largely anchored on the growth from Tier 1 partnerships.
• AI Threat Landscape — Management expressed concern over the rising threat of AI-related scams, with a reported 2,000% increase in AI fraud attempts since 2022. Laaksonen emphasized, "The problem of scams hasn't gone anywhere," signaling a cri...

Read the full F-Secure Oyj transcript (June 4, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 10 F-Secure Oyj earnings call transcripts on record, spanning April 26, 2024 to July 17, 2026. Based on this history, F-Secure Oyj reports quarterly. The most recent call on file is dated July 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FSECURE

Exchange

HLSE

Country

FI

Sector

Information Technology

Industry

Software

Calls on record

10

First call

April 26, 2024

Most recent

July 17, 2026

Reporting cadence

quarterly