Huddly AS (HDLY) Earnings Call Transcripts

Huddly AS's Latest Earnings Call - Q1 FY2026

In Q1 2026, Huddly AS reported revenue of NOK 48 million, reflecting a 7% year-on-year increase, primarily driven by strong growth from Strategic partners. The gross margin improved to 47%, up from 44% in the previous quarter. Management maintained their guidance for 2026, projecting revenue between NOK 450 million to NOK 550 million and aiming for cash flow positivity in the second half of the year, despite challenges from currency fluctuations and increased costs.

Reported metrics

Guidance from management

Management maintained their revenue guidance for 2026 between NOK 450 million to NOK 550 million and reiterated the goal of becoming cash flow positive in the second half of the year.

What management said

Yes. And that's a very relevant question given that we see that there is a depreciation in Q1 '26 versus Q1 2025. So if you adjust for that depreciation and assume that the U.S. dollar to NOK currency would have been the same in Q1 '26 as in Q1 '25, the revenue in Q1 2026 would have been NOK 7 million higher, which is then equaling to about 22% year-on-year growth rather than 7% year-on-year growth, which is what we ...

Yes. We maintain the growth ambitions for 2026 with revenue of between NOK 450 million to NOK 550 million and cash flow positive in the second half of 2026 and a gross margin of approximately 45%.

What analysts pressed on

Analysts expressed concerns regarding the significant decline in Channel revenue and the potential risks associated with geopolitical tensions affecting currency and market conditions. There were also questions about the pace of revenue growth from Strategic partners and the impact of delayed customer shipments.

Main topics on the call

• Strategic Partner Growth — Huddly's revenue growth was significantly supported by Strategic partners, with management noting, "the revenue in Q1 2026 would have been NOK 7 million higher" if currency depreciation had not occurred, indicating a pot...
• Gross Margin Improvement — The gross margin for Q1 2026 improved to 47%, up from 44% in the previous quarter, benefiting from a favorable customer and product mix. Management stated, "we are well on track to deliver on that expectation," reinforci...
• Channel Revenue Decline — Channel revenue saw a disappointing 24% decline compared to Q1 2025, attributed to elevated distribution stock levels and delayed investment decisions in North America. This presents a concern for overall revenue diversi...
• Currency Impact — The depreciation of the U.S. dollar negatively impacted reported revenue by approximately NOK 7 million in Q1 2026. Management acknowledged this as a significant risk, stating, "we experienced a significant depreciation ...

Read the full Huddly AS transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 9 Huddly AS earnings call transcripts on record, spanning February 15, 2024 to May 7, 2026. Based on this history, Huddly AS reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HDLY

Exchange

OB

Country

NO

Sector

Information Technology

Industry

Communications Equipment

Calls on record

9

First call

February 15, 2024

Most recent

May 7, 2026

Reporting cadence

quarterly