Tech
Electro Optic Systems raises guidance to $300M
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- Electro Optic Systems recorded a 284% revenue increase to $169 million for the first half of 2026.
- The company upgraded its full-year revenue target to between $300 million.
- Geopolitical conflicts and counter-drone demand continue driving order book growth to $846 million.
Electro Optic Systems (ASX:EOS) recorded unaudited first-half revenue of $169 million, representing a 284% year-on-year increase.
The company consequently upgraded its full-year revenue target from $280 million and $300 million.
"This has been a record period for EOS," said Electro Optic Systems CEO Dr Andreas Schwer.
The business reported an order book of $846 million on June 30, up 84% over six months.
Following the announcement, the Electro Optic Systems share price was up at $7.30.
The company stated that ongoing regional conflicts and heightened tensions continue driving demand for its defence products.
EOS expects underlying earnings before interest, tax, depreciation, and amortisation to be positive for the first half.
