• NuWays reiterated BUY on q.beyond with 12-month target price EUR 5.9 in a May 6 research update ahead of Q1 2026 results.
• NuWays forecast Q1 revenue of EUR 44.3 million, down 4.5% year over year, citing lapse of about EUR 3 million in one-time license revenue booked in Q1 2025 before billing-model transition.
• Q1 EBITDA seen at EUR 1.7 million versus EUR 2.3 million a year earlier, with margin pressure from weaker managed-services revenue, investment in agentic AI, and potential M&A-related costs.
• FY 2026 guidance viewed as achievable, with management targets of EUR 182 million to EUR 190 million in sales and EUR 10 million to EUR 16 million in EBITDA; NuWays expects at least one acquisition in FY 2026.
• NuWays cited 72% recurring revenue, 3-5 year contract durations, net cash of EUR 35 million, and valuation of about 5x FY 2026e EV/EBITDA as support for its stance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. q.beyond AG published the original content used to generate this news brief via EQS News, a service of EQS Group AG (Ref. ID: rc_25618), on May 06, 2026, and is solely responsible for the information contained therein.