Electro Optic Systems reports $169 million 1H 2026 revenue and record $846 million order book
AI Market Summary
Electro Optic Systems reported record 1H FY2026 revenue (+284% YoY) and a record order book (+84%) driven by large counter-drone and naval remote weapon system contracts and incremental backlog from the MARSS acquisition. Upgraded core FY2026 revenue guidance and positive underlying EBITDA signal strengthening execution and demand in defence technology, supporting risk appetite for the stock, with limited broader macro spillover.
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▲ Bullish
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Electro Optic Systems (ASX: EOS) said first-half 2026 revenue rose 284% year on year to approximately $169 million. Its order book climbed 84% to a record $846 million. The company pointed to major new defence contracts, including a ~$175 million counter-drone systems order and a ~$23 million Middle East naval remote weapon systems deal. It also lifted FY26 base-business revenue guidance to $280–$300 million.
