Building on sustained delivery - On track to achieve full-year targets
Business fundamentals continuing to move in the right direction
- Commercial momentum further improving in Q2, with book-to-bill (BtB) at 91%, up 7 pts year-on-year
- Growing year-on-year order entry and BtB above 100% in France, UK&I and Eviden in Q2
- Qualified pipeline continued to increase in Q2, building on the growth seen in Q1
- Q2 2026 revenue of €1,661 million at current perimeter1, down -6.3% organically year-on-year and easing sequentially
Profitability further improving as a result of Genesis
- H1 2026 operating margin at current perimeter1 of €190 million, up +€57 million (+43%) year-on-year and representing 5.7% of revenues, up 2.1 points vs H1 2025 and up 0.6 points vs H2 2025
- 112% of Genesis savings target already achieved
€-120 million net change in cash supported by improved profitability and cash discipline, while reflecting usual first-half seasonality, amplified by change in timing of annual incentive payments, and continued implementation of restructuring plans (c.€-127 million cash out)
Financial profile strengthened through successful first step of refinancing and divestitures
- Weighted average cost of financial debt reduced by c.220 bps to 7.4% (€59m annual savings) and maturity extended by 7-months maturity, up to c. 5 years
- Large divestments (Bull, Ideal GRP and South American operations) completed generating €215 million of net cash proceeds
- €146 million 1.5L debt repayment of which €109 million through bond purchase on the open market and €38 million through mandatory early repayment
- Liquidity at €1,805 million at the end of June 2026, or €948 million after the full reimbursement of the 1L tranche of the debt that was completed on July 6, 2026, expected to be further strengthened with progressive ramp up of recurring receivables factoring program
Increasing momentum across the Group’s three strategic three flywheel technology pillars (cyber, agentic AI, digital sovereignty) with an accelerating shift from proof-of-concepts to large-scale execution
- AI and proprietary IP increasingly embedded into flagship contracts, including large public sector and mission-critical engagements (e.g., CNA, Eurocontrol, UK public sector clients and European utility)
- Strong momentum with strategic partners (e.g. Microsoft, IBM RedHat, Crowdstrike, Dell) and start-ups (e.g. Pay-I, Poolside, KYP), further supporting go-to-market execution
- Ambitious product innovation, including launch of next-generation AI platforms designed to support multiple AI ecosystems and sovereign deployment models
FY 2026 targets1 confirmed with organic growth at the lower end of the range
- Organic revenue growth of around -5%2
- Operating margin at c. 7%
- Positive net change in cash
Atos Group, a global leader of AI-powered digital transformation, today announces its half year 2026 financial results.
Philippe Salle, Atos Group chairman of the board of directors and chief executive officer, stated:
“A year ago, our priority was recovery. Today, our priority is growth. We have stabilized the business, strengthened the balance sheet, accelerated operational performance and reignited commercial momentum. Most importantly, we have positioned Atos Group at the heart of three of the most powerful technology trends shaping the future: agentic artificial intelligence, cybersecurity and digital sovereignty.
As governments and enterprises rethink their digital infrastructure, they increasingly need trusted partners capable of combining innovation, scale, security and sovereignty. This is precisely where Atos Group stands today. The opportunities in front of us are substantial and we are entering this next chapter with confidence, ambition and a clear sense of purpose.
The turnaround of Atos Group is well underway. The years ahead will be about unlocking the full potential of the Group and establishing Atos as one of Europe’s leading technology champions in the AI era.”
