AutoStore reports 56% quarterly revenue jump despite annual decline

AutoStore Holdings reported Q2 2025 revenues of $134m, up 56% sequentially but down 13% year-over-year due to continued customer caution following a weak Q1.

Order intake reached $150m, up 6% both sequentially and annually, contributing to an order backlog of $529m.

Gross margin hit 69%, impacted by an $8.5m inventory write-down from discontinuing the B1 Robot business line. Excluding this one-time charge, gross margin was 75%.

The company signed a $6.9m AutoStore-as-a-Service contract and plans product launches in October 2025.