Q2 FY2026 Quarterly KPIs
Seeing Machines Limited reported strong Q2 FY2026 Key Performance Indicators, with cars on the road featuring their Driver and Occupant Monitoring System technology increasing 67% year-on-year to 4,818,731 units. Quarterly production of new vehicles using their technology rose 13% from the previous quarter to 578,363 units, and Guardian hardware sales saw a significant increase to 3,764 units from 368 in Q1 FY2026, contributing to a rise in Annual Recurring Revenue to $14.0 million. The company anticipates accelerated royalty growth due to upcoming European safety regulations and expects to achieve positive adjusted EBITDA in Q3 and the second half of FY2026.
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Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, publishes its quarterly Key Performance Indicators ("KPIs") for the quarter ended 31 December 2025 ("Q2 FY2026").
Q2 FY2026 KPI highlights:
- Cars on the road with Seeing Machines' Driver and Occupant Monitoring System (DMS/OMS) technology increased to 4,818,731 units, representing an increase of 67% from 12 months ago (Q2 FY2025: 2,883,745)
- Quarterly production of 578,363 units, up 13% from the previous quarter (Q1 FY2026: 510,167) and up 117% from the previous corresponding quarter (Q2 FY2025: 266,654), demonstrating continued sequential growth
- Guardian hardware sales of 3,764 units, representing a significant increase on the previous quarter (Q1 FY2026: 368)
Automotive Production Volumes (production of new vehicles using Seeing Machines' Driver Monitoring System (DMS) technology):
| Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|
| Production FY2025-26 | 266,654 | 358,162 | 488,294 | 510,167 | 578,363 |
| % Growth Qtr on Qtr | (34%) | 34% | 36% | 4% | 13% |
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | |
| Production FY2024-25 | 208,231 | 313,662 | 381,215 | 405,669 | 266,654 |
| % Growth Comparative | 28% | 14% | 28% | 26% | 117% |
Automotive production volumes include actual volume from programs that have minimum guaranteed volume arrangements. In Q2 FY2026 actual production exceeded the minimum guaranteed volume, however, actual volumes remain below the minimum guaranteed levels on a cumulative basis.
Seeing Machines continues to deliver quarter-on-quarter growth in DMS shipments. Looking ahead, royalty growth is expected to accelerate as Automotive OEMs increase DMS fitment rates to meet the European General Safety Regulation (GSR) mandate effective July 2026. While some new RFQs have been deferred, existing production programs are expected to expand across European platforms as OEMs move to comply within the remaining regulatory timeframe.
Aftermarket - Guardian (technology for commercial transport fleets and logistics companies):
| Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|
| Guardian Hardware unit sales | 288 | 1,151 | 2,536 | 368 | 3,764 |
| Annual Recurring Revenue | $13.4m | $13.4m | $13.5m | $13.5m | $14.0m |
| % Growth Qtr on Qtr | (1%) | - | 1% | - | 4% |
Guardian sales increased significantly quarter-on-quarter, reflecting increased customer engagement and continued progression of the opportunities through the sales cycle. The increase in hardware sales is also contributing to Annual Recurring Revenue (ARR) as sales of new Guardian units are installed and connected. Guardian generates recurring, high-margin service revenue, with customer contracts typically spanning an average term of approximately 36 months.
Paul McGlone, CEO of Seeing Machines, commented: "We are seeing increasing demand for our technology across Automotive as OEMs prepare for regulatory change, reinforcing the long-term role of driver monitoring within vehicle safety architectures. In Aftermarket, the step-up in Guardian sales activity is very encouraging and supports our focus on customers progressing through trial phases toward broader deployment.
"The volumes achieved for Automotive and Guardian sales mark steady progress from prior quarters. We still expect to achieve positive adjusted EBITDA in Q3 and for the second half of FY2026 (excluding the impact of the recently announced up-front royalty payment)."
The Company expects to publish its H1 FY2026 Trading Update on 18 February 2026.
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