Nagarro SE (NA9) Earnings Call Transcripts

Nagarro SE's Latest Earnings Call - Q1 FY2026

In Q1 2026, Nagarro SE reported a revenue growth of over 6% year-on-year in constant currency, aligning with their guidance for the year. The company maintained an adjusted EBITDA margin of 12.6%, which is below their target range of 14.5% to 15.5%, primarily due to fewer working days in the quarter. Management emphasized their strategic shift towards AI transformation and a leaner organizational structure, which they believe will drive sustainable growth moving forward.

Reported metrics

Guidance from management

Nagarro maintained its revenue guidance for 2026, expecting to achieve results in line with the previously communicated range. They emphasized a focus on operational discipline to meet their adjusted EBITDA margin targets for the year.

What management said

Thanks, Karla. We have a number of written questions. First question comes from Sergei at Aguaja Capital. And the question is, how would you characterize overall client demand today versus 3 to 6 months ago? Where are you seeing improvement? Or where is it worsening in discretionary spending or decision-making cycles across your customer base?

Thanks, Manas. The next question is, can you elaborate on recent advances about AI genic programming. Is this having an impact on your sales? Or do you expect it to have a near or medium-term impact?

What analysts pressed on

Analysts expressed concerns about the adjusted EBITDA margin being below expectations and the implications for cash flow conversion from EBITDA. There were also inquiries about the sustainability of client demand and the impact of AI on revenue growth.

Main topics on the call

• Strategic Shift to AI Transformation — Nagarro is transitioning from a digital engineering leader to a prominent player in AI transformation, with management stating, "We now see ourselves no longer as a digital engineering leader, but as a leader in AI trans...
• Revenue Growth — The company reported revenue growth of over 6% year-on-year in constant currency, which aligns with their guidance for 2026. Management noted, "Our Q1 gross margin came in at 31.2%, which is 60 basis points better than t...
• Adjusted EBITDA Margin Performance — The adjusted EBITDA margin for Q1 was reported at 12.6%, which is below the guidance range of 14.5% to 15.5%. Management explained that this was primarily due to fewer working days in the quarter, stating, "The bridge to...
• Client Engagement and Demand — Management observed an increase in engagement on enterprise-level AI topics, stating, "The degree of engagement on enterprise level AI at KI topics is far advanced from where it was 6 months ago." This indicates a positi...

Read the full Nagarro SE transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 Nagarro SE earnings call transcripts on record, spanning November 14, 2024 to May 15, 2026. Based on this history, Nagarro SE reports annually. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NA9

Exchange

XTRA

Country

DE

Sector

Information Technology

Industry

IT Services

Calls on record

3

First call

November 14, 2024

Most recent

May 15, 2026

Reporting cadence

annually