F-Secure Oyj (FSROF) Q2 2026 Earnings Call Transcript

F-Secure Oyj (FSROF) Q2 2026 Earnings Call July 17, 2026 6:00 AM EDTCompany ParticipantsTimo Laaksonen - President & CEORobin Pulkkinen - Chief...

Company Participants Timo Laaksonen - President & CEO Robin Pulkkinen - Chief Financial Officer Conference Call Participants Felix Henriksson - Nordea Markets, Research Division Matti Riikonen - DNB Carnegie, Research Division Atte Riikola - Inderes Oyj, Research Division Presentation Operator Good afternoon, and welcome to F-Secure's Q2 2026 Results Webcast. I'm Tiia Pikkanen from F-Secure's Investor Relations, and I'm joined here by our CEO, Timo Laaksonen; and CFO, Robin Pulkkinen, who will give you a presentation on the key highlights and financial development over the past quarter.

After their presentation, there is time for you to ask questions, and you can already post them in the webcast tool and you live here in Helsinki. If you have a question, just raise your hand and we'll bring you a microphone. But with that, without further ado, Timo, the stage is yours.

Timo Laaksonen President & CEO Welcome also on my behalf. Thanks for taking the time to join us on this beautiful Finnish summer's Day, both here in the room as well as online, wherever you may be. So our header says the most important thing from our strategic point of view.

We saw strong growth in the second quarter, thanks to our embedded business doing well. Let's get to the details. So our currency-neutral growth was roughly 10%, and that was driven by the good development in the embedded security business, especially within the Tier 1 segment.

I'll get to more details in a moment. Our reported revenue was EUR 39.8 million, some headwinds there with the U.S. dollar and especially Japanese yen, unfortunately. We saw a moderate decline in Security Suite, but we are clearly seeing a possibility now to return to a more balanced resource allocation towards