Seco, the Italian provider focused on edge artificial intelligence solutions, posted a marginal increase in preliminary net sales for the first half of the year compared with the same period a year earlier. The company also reported an improvement in its gross margin, which rose to 54.0% from 53.4% year-on-year.
Company executives attributed the sales uptick to stronger activity in edge computing and to growing recurring revenues tied to its Clea business. Clea produced €7.4 million of revenue during the first half, and the portion of that revenue coming from recurring sources climbed by 12% compared with the prior-year half.
Seco said the expansion in gross margin demonstrates resilience in the face of rising memory prices. Management noted that the company has offset cost pressure through a combination of supply-chain measures and selective price increases.
Outlook
Looking forward, Seco expects third-quarter 2026 revenues of approximately €60 million, a figure that would represent a 25% increase versus the comparable quarter last year. The company signaled an expectation of continued strong progression in its top-line revenue.
Context and implications
The reported performance highlights two revenue drivers for Seco: expanding edge computing sales and a growing stream of recurring revenue from the Clea product line. The combination has been sufficient to nudge overall net sales higher in the first half and to support a modest improvement in gross margin despite upward pressure on memory costs.
Seco's guidance for Q3 2026 indicates management expects momentum to continue into the next quarter, with the company targeting around €60 million in revenue, or about one-quarter higher than the year-ago period.