Geek+ Reports H1 2026 Results: 35.5% Order Growth with Subscription Services Up 75%

Geek+, the Hong Kong-listed warehouse robotics maker, has reported interim results for the six months to June 30, 2026, showing its services business growing more than twice as fast as the company overall as it pushes customers from one-off equipment purchases toward long-term operations contracts.

New signed orders across the group rose 35.5% year-on-year to approximately $335 million, while revenue climbed 25.3% to $180 million. Gross profit came in at $65 million, up 27.8%, and gross margin widened from 35.1% to 35.8%.

Subscription services orders reached approximately $22 million, up more than 75% year-on-year, with growth even sharper in the Americas at 455%. The company reports that demand for subscription contracts is strongest in mature markets where automation is already established and operators are looking for ongoing performance rather than another capital project.

Geek+ has roughly 81,000 robots deployed with more than 1,000 end customers, and the subscription push is a move to earn a second stream of revenue from fleets already installed. Recurring service contracts carry higher margins than hardware and are easier to forecast, supporting the company's path to profitability.

Pallet-to-person orders more than tripled, up over 200% year-on-year, while orders for manufacturing applications rose by more than 600% as the company moved from finished-goods warehousing into production logistics including line-side supply and work-in-progress buffering.

More than 75% of revenue came from outside China, with gross margin on international sales reaching 46.2%, well above the group average. Geek+ now serves customers in more than 40 countries and regions, including over 85 Fortune Global 500 enterprises, and reports a repurchase rate of 80%.

Interact Analysis has ranked Geek+ first in global autonomous mobile robot market share for seven consecutive years.

The company's priorities for the remainder of the year include AI-driven subscription services, wider product coverage, and turning embodied intelligence work into commercial shipments, targeting more than 10,000 cumulative shipments within three years.