q.beyond Q1 Results and Outlook
Analysis based on 6 articles · First reported May 06, 2026 · Last updated May 12, 2026
q.beyond reported its Q1'26 financial results, which came in below NuWays AG's cautious estimates. Sales declined 7.7% year-over-year to EUR 42.8m, primarily driven by a 12.7% fall in Managed Services revenues. The Consulting segment, however, showed growth of 2.9%. EBITDA also declined by 35.2% to EUR 1.5m, impacted by weaker Managed Services, investments in agentic AI capabilities, and the ramp-up of a new nearshoring hub in Cluj, Romania. Despite the soft quarter, q.beyond's management confirmed its FY26 guidance for sales and EBITDA. NuWays AG reiterated its 'BUY' recommendation for q.beyond, maintaining a target price of EUR 5.90, citing the company's intact mid-term investment case, ongoing shift to higher-value AI services, and significant firepower for value-accretive acquisitions in healthcare and energy.
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