| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 6.18 | 127.2% | 7.7% |
| Total Income | 6.18 | 127.2% | 7.7% |
| Expenditure | 6.13 | 3.5% | 33.2% |
| PBT | 53.64 | 1637.0% | |
| Net Profit | 47.84 | 1470.8% | 1459.1% |
| OPM | 0.80% | 60.78pp | |
| NPM | 100.00% | 161.33pp | |
| EPS | 1.58 | 1153.3% | 626.7% |
Duos Technologies Reports Q2 2026 Results, Revenue Increases Nearly 30%
20 Aug 2026 · 20 Aug, 2:12 am
Summary
Duos Technologies reported a significant increase in revenue for the second quarter of 2026, reaching $6.18 million, up nearly 30% year-over-year, driven by AI and data center deployments. The company achieved its first positive operating quarter as a data center infrastructure company with a net operating income of $0.05 million and saw gross margin improve by 94%. Duos Technologies also secured substantial growth capital and reaffirmed its 2026 revenue guidance of over $50 million, signaling a strong focus on its AI infrastructure and edge data center businesses following strategic divestitures.
Key Highlights
- 1
Duos Technologies reported Q2 2026 revenue of $6.18 million, an increase of nearly 30% compared to $4.77 million in Q2 2025.
- 2
Gross margin for Q2 2026 increased by 94% to $3.45 million, driven by reduced cost of revenues and the growing contribution of the Technology Solutions business.
- 3
Net operating income for Q2 2026 was $0.05 million, marking the first positive operating quarter as a data center infrastructure company.
- 4
The company secured $111 million in contracted revenue with an investment-grade hyperscaler for its Columbus, Georgia data center campus.
- 5
Duos Technologies reaffirmed its 2026 guidance for 25 MW deployed and over $50 million in revenue.
- 6
Over $100 million in growth capital was secured through multiple transactions, including a $55 million registered direct offering and $50.4 million in proceeds from the sale of assets in New APR Energy.
- 7
The company completed the sale of its rail technology subsidiary, Duos Technologies, Inc., to fully concentrate resources on Edge Data Center and AI infrastructure businesses.
Management Comments
Doug Recker
In the second quarter and over the last several weeks, we have made tremendous progress both in operational execution and the fundamental repositioning of our business as a standalone AI infrastructure provider. Financially, we began to see the early stages of the substantial performance ramp we expect to build over the course of this year, highlighted by a 30% increase in revenue and a material improvement in profitability. We also secured over $100 million in growth capital through two major transactions: a $55 million direct investment with a single institutional investor and an additional $50.4 million in proceeds resulting from the sale of our stake in New APR Energy. Operationally, we recently announced the successful divestiture of our legacy rail operations, which will now enable us to fully concentrate our resources on the Edge Data Center and AI infrastructure businesses. We also agreed to terms on a new $111 million, 10 MW contract with an investment-grade hyperscaler to provide critical IT-load capacity, adding to our already-substantial backlog and supporting our reaffirmed outlook to provide 25 MW of compute and generate north of $50 million in revenue by the end of this year.
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