AutoStore Holdings Ltd.

AutoStore Holdings reported record second-quarter revenue of $192 million, up 43% year over year and 16% sequentially, alongside record order intake of $218 million. The company also announced a global framework agreement with Amazon, though it includes no purchasing commitments, and launched a share buyback program of up to $75 million. Gross margin came in at 72%, adjusted EBITDA margin rose to 45% from 44% in the first quarter, and order backlog stood at $596 million at quarter-end. Full-year revenue guidance is around $700 million, implying roughly flat revenue in the second half versus the first half, while management expects margins to moderate slightly due to increased investments in product innovation, software, AI, and commercial capabilities.