Latest news with #Hexagon
CNA
4 days ago
- Business
- CNA
Hexagon largely offsets tariff impact, but uncertainty clouds outlook
Hexagon's operating profit fell less than expected after it managed to mitigate most of the negative tariff effects in the second quarter, the Swedish maker of measurement and positioning systems said on Friday. The impact of U.S. tariffs was just over 2 million euros ($2.35 million), said Executive Vice President Norbert Hanke, talking to analysts and press on a conference call. "This headwind was mainly due to the gap between tariff impact and price increases," added Hanke, who had served as Hexagon's interim CEO during the quarter. The impact, which Hexagon had in April estimated would be up to 15 million euros before mitigation, was also offset through optimization of logistics and assembly, he said. Despite this, Hexagon warned that uncertainty related to U.S. President Donald Trump's trade policies made it difficult to forecast results for the remainder of the year. Shares of the industrial technology group rose 5.2 per cent by midday local time in Stockholm (1000 GMT). The main concern remains the tariff environment's impact on customer behaviours, Hanke said. That environment was most challenging in the Geosystems unit, which develops digital solutions used by customers in the construction sector among others, Hexagon's new CEO Anders Svensson said in the earnings statement. The company is also working on a cost improvement programme that will be implemented as soon as possible, he added. It reported a 10 per cent drop in its adjusted operating earnings to 360.6 million euros, but beat the 358.1 million euro estimate from 12 analysts polled by LSEG. "Organic growth in the second quarter was 3 per cent, as the divisions mitigated delays in customer decision making due to ongoing geopolitical uncertainty," Svensson said. That followed flat organic sales in the first quarter. Svensson also repeated the previously announced timeline for the planned spin-off of Hexagon's Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial businesses, with listing under the name Octave expected in the first half of 2026. ($1 = 0.8521 euros)
Yahoo
5 days ago
- Business
- Yahoo
Sweden's Hexagon tops profit forecast in second quarter
(Reuters) -Swedish industrial technology group Hexagon reported a smaller than expected 10% drop in its quarterly adjusted operating profit on Friday, and said the continued market uncertainty made it difficult to forecast results for the remainder of the year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
17-07-2025
- Business
- Business Wire
Hexagon and Management Controls Inc. Launch Integrated EcoSys™ + myTrack Integrated Solution to Transform STO and Capital Project Performance
HOUSTON--(BUSINESS WIRE)--Hexagon's Asset Lifecycle Intelligence division, a global leader in enterprise project performance solutions, and Management Controls Inc. (MCi), a global leader in contractor data and spend management solutions, today announced the official launch of the EcoSys + myTrack integrated solution. This collaboration delivers a powerful integration that enables real-time cost and progress visibility across shutdowns, turnarounds, and outages (STO), and capital-intensive projects. 'With this integration, project leaders don't have to wait 30, 60, or 90 days to discover issues –they can respond in real time with confidence. It's about moving from reporting to real-time action.' - Ken Naughton, President, MCi Share The new integrated solution combines Hexagon's EcoSys platform with MCi's myTrack platform, which automates the collection and validation of actual contractor labor, equipment, and material data from the field. The result is a seamless data pipeline that delivers trusted daily actuals with the velocity needed to act, not just analyze, empowering organizations to make decisions that change outcomes in real time, not after the fact. 'We're incredibly excited to partner with MCi,' said Corey Short, Vice President, Portfolio Strategy & Enablement, Project Planning and Execution. 'The launch of our integrated EcoSys + myTrack solution enhances how customers manage STOs and capital projects by providing actionable, real-time field visibility.' 'This is about accuracy, visibility, and velocity of data,' said Ken Naughton, President of MCi. 'With this integration, project leaders don't have to wait 30, 60, or 90 days to discover issues –they can respond in real time with confidence. It's about moving from reporting to real-time action.' Designed with implementation expertise from FTI Consulting, the turnkey integrated solution is already seeing strong traction among clients managing complex capital and turnaround portfolios. Key capabilities include: Daily actuals for labor, equipment, and materials SPI/CPI and burn rate metrics within hours of shift completion Real-time vendor performance tracking by crew, skill, or PO Full alignment across industry-leading scheduling, Enterprise Resource Planning (ERP) systems, myTrack, and EcoSys MCi and Hexagon announced the EcoSys + myTrack integrated solution last month at Hexagon LIVE Global 2025 in Las Vegas, where it drew significant interest from industry leaders in energy, chemicals, construction, and manufacturing. Live demonstrations highlighted how the integration empowers teams to proactively course correct, improve forecasting accuracy, and eliminate billing surprises with real-time visibility into contractor performance. About Hexagon Hexagon's Asset Lifecycle Intelligence division helps clients design, construct, and operate more profitable, safe, and sustainable industrial facilities. We empower customers to unlock data, accelerate industrial project modernization and digital maturity, increase productivity, and move the sustainability needle. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at and follow us @HexagonAB. About Management Controls Inc. (MCi) MCi empowers companies to maximize visibility, control, and productivity across their contractor workforce and spend. MCi's myTrack platform delivers automated contract compliance and a unified, real-time view of labor, equipment, and materials costs—enabling smarter, safer execution of maintenance, turnarounds, capital projects, and daily operations. With the addition of MCi's Insights-as-a-Service and managed services, organizations can tap into more than 35 years of expertise to drive even greater value from myTrack and unlock new opportunities to boost site performance and efficiency. myTrack is deployed across the globe at over 400+ industrial sites. About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 33 countries and territories as of March 31, 2025. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year 2024. More information can be found at
Express Tribune
06-07-2025
- Automotive
- Express Tribune
Nvidia unveils AEON humanoid robot in bid to expand AI power
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, US March 18, 2025. PHOTO: REUTERS Listen to article Nvidia has unveiled its most audacious leap yet—into humanoid robotics. Speaking at the VivaTech conference in Paris last month, CEO Jensen Huang introduced AEON, a full-stack humanoid robot developed in partnership with Swedish engineering firm Hexagon. More than a showpiece, AEON is fully built and operational, positioning Nvidia to extend its dominance from artificial intelligence into the physical world. 'Robotics may become the largest industry in the world,' Huang told the audience in Paris, signalling Nvidia's next frontier. Huang, who once faced skepticism over Nvidia's aggressive AI roadmap, now presides over a company that has become synonymous with the technology. But AEON marks the beginning of what he calls a broader revolution—one that blends Nvidia's AI chips, sensors, simulation software, and robotics platforms into a single end-to-end ecosystem. The company's robotics and automotive division generated $1.7 billion in revenue last year. Analysts expect that figure to soar to over $7.5 billion by the early 2030s, with AEON possibly accelerating those estimates. Read More: Nvidia unveils personal AI supercomputer Project DIGITS at CES 2025 Wall Street is taking notice. Nvidia is now just $50 billion shy of surpassing Microsoft's all-time market valuation, a milestone that could be reached within days. The firm's stock has already climbed 19% this year, despite early headwinds from US chip export restrictions to China. 'Investors are no longer just betting on Nvidia's chips,' one analyst noted. 'They're buying into the future of automation.' Traditionally, Nvidia's strongest financial performance arrives in the fourth quarter—averaging 23% growth, according to Dow Jones data. With AEON's high-profile debut and growing industry buzz, that trend may continue, potentially propelling the company past the $4 trillion valuation mark. The next industrial revolution? As tech rivals such as Apple and Amazon experience plateauing growth, Nvidia is charting new territory. AEON isn't just a robot—it's a symbol of Nvidia's evolving mission: building machines that think, see, and work in the real world. With Huang at the helm, the company that once redefined graphics processing is now positioning itself to reshape the very fabric of work and industry.
Time of India
05-07-2025
- Automotive
- Time of India
$3.89 trillion Nvidia just set its sights on robots from silicon, CEO Jensen Huang says it's the future
Nvidia Nears $4 Trillion as CEO Jensen Huang Sets Sights on Humanoid Robots- Nvidia (NVDA) is no longer just the leader in artificial intelligence chips—now, it's going after something even bigger: humanoid robotics. This week, Nvidia's market cap reached a staggering $3.89 trillion, bringing it within striking distance of Microsoft's all-time peak valuation. But beyond the numbers, what's really catching attention is CEO Jensen Huang's bold new direction. Speaking at the VivaTech conference in Paris, Huang didn't just talk about the future—he unveiled it. He introduced AEON, a full-stack humanoid robot built in collaboration with Swedish firm Hexagon (HXGBY). This isn't a prototype or lab concept. AEON is real, built, and aimed at practical use across industries. Could robotics become Nvidia's next trillion-dollar industry? Just a few years ago, AI seemed like a moonshot. Today, Nvidia owns the space. Now, Huang believes robotics could be even bigger—'the largest industry in the world,' as he put it in Paris. And he's putting real resources behind that vision. In fiscal 2024, Nvidia's robotics and automotive division earned $1.7 billion. According to analyst estimates, that number could skyrocket to $7.55 billion by early 2030s. If AEON and similar platforms find commercial success, that forecast might even prove conservative. The pivot to robotics isn't just speculative—it's already in motion. With Nvidia's software, sensors, and chips powering the hardware, the company is building a complete robotics ecosystem, not just a single product. Live Events How close is Nvidia to overtaking Microsoft in market value? As of this week, Nvidia is only $50 billion behind Microsoft (MSFT), the current record-holder for public market valuation. With Nvidia's stock already up 19% this year, that gap could close at any time—possibly even within days. This rise comes despite earlier turbulence. U.S. restrictions on chip exports to China hit Nvidia's business temporarily, causing a short-term dip. But the rebound was swift, and the company now sits at the top of global markets. Investors are betting on more than just AI chips—they're buying into Nvidia's next chapter, which includes robotics, automotive tech, and full-stack AI platforms. Is seasonality about to boost Nvidia's stock even higher? History suggests Nvidia could be in for an even bigger rally. According to Dow Jones data, Nvidia stock tends to gain around 4% in Q3, but in Q4, the average gain jumps to 23%. That pattern, combined with growing excitement around robotics, could fuel a breakout toward the $4 trillion mark—or beyond. These trends give Nvidia a unique edge. While other tech giants like Apple and Amazon are maturing, Nvidia continues to open new growth frontiers, giving investors reasons to stay bullish. What makes AEON different from other robots? Unlike many robotics projects that remain stuck in development, AEON is already functional. Developed jointly with Hexagon, it's part of Nvidia's Project GR00T, an initiative aimed at building intelligent humanoid robots for real-world tasks. AEON runs on Nvidia's full-stack AI platform, combining powerful chips, vision sensors, simulation software, and robotics AI. This end-to-end integration gives AEON a significant edge—it's not just hardware or software, it's both, working together. Huang's plan isn't just to make robots that move. He wants them to see, think, learn, and work, potentially transforming industries from manufacturing to healthcare. Nvidia (NVDA) data table for today: Metric Value Stock Price $159.34 (+$2.05, +1.3%) Market Capitalization $3.89 trillion Intraday High / Low $160.95 / $156.60 YTD Stock Gain +19% Automotive & Robotics Quarterly Rev. $567 million (↑ 72% YoY) FY24 Robotics & Automotive Rev. $1.7 billion Projected 2030s Robotics Rev. $7.55 billion Is Nvidia's future more than just silicon? That's the real story here: Nvidia is evolving beyond chips. After scaling the summit of the AI industry, the company is now positioning itself to shape the next wave of intelligent technology. Other firms might focus solely on software or chips. Nvidia, under Huang's leadership, is building full ecosystems. That includes not just GPUs, but also AI models, simulation engines, and robotics frameworks. And it's not stopping there. With new partnerships, deep-pocketed R&D, and unmatched AI leadership, Nvidia may not just lead the robotics era—it could define it. Is Nvidia just getting started? It sure looks that way. With its market cap nearing $4 trillion, robotics revenues set to multiply, and CEO Jensen Huang driving bold innovation, Nvidia seems poised for another massive leap. The question now isn't whether Nvidia can catch Microsoft—it's what comes next after it does. If history is any guide, humanoid robots could be just the beginning. FAQs: Q1. What is Nvidia AEON humanoid robot? Nvidia AEON is a full-stack humanoid robot developed with Hexagon for real-world use. Q2. Is Nvidia entering the robotics industry? Yes, Nvidia is expanding beyond AI chips into robotics, led by CEO Jensen Huang.
