SCHMID Group N.V. (NASDAQ:SHMD) is in the spotlight Monday, looking back on a week that included the company’s first-half 2026 earnings report.
Schmid stock is showing exceptional strength. Why are SHMD shares rallying?
H1 2026 Earnings
Schmid reported H1 2026 revenue of €46.0 million, up sharply from €16.9 million in the same period last year, with gross profit of €9.8 million representing a 21.2% margin. The company posted an operating loss of €8.0 million, while adjusted EBITDA improved to negative €0.6 million from negative €11.6 million a year earlier. Net loss widened to €47.8 million, driven mainly by non-cash effects from a liability-to-equity conversion and warrant fair-value movements.
Order intake reached €96.6 million year-to-date as of Aug. 21, with backlog standing at €95.0 million. The company reduced financial debt by approximately €30 million since year-end 2025 and converted €30.75 million of shareholder debt into equity. Following a new $20 million 2029 convertible note, cash stood at approximately €14.3 million as of July 31, with about $21 million still available under a standby equity purchase agreement.
