Hexatronic ($HTRO) is via the Q1-2026 report officially a higher-margin AI and Defense infrastructure play. Data Centers have become the Group’s largest absolute profit engine, and the Harsh Environment (Defense/Energy) segment is now scaling toward a SEK 1.5bn pro-forma revenue run rate.

Structural tailwinds in the US are finally appearing in the numbers, with US Fiber Solutions returning to organic growth even before the massive BEAD stimulus wave hits in H2 2026.

Sequential margins are expanding, the cost-cutting is finished, and the "Fallen Angel" is gaining altitude. Full deep dive (from earlier this week) below. 👇