• Montega reiterated a Buy rating on Exasol, cutting its 12-month price target to EUR 3.2 from EUR 3.6.
• The revision followed preliminary Q2 2026 results and a full-year outlook cut tied to weak upselling from existing customers.
• Annual recurring revenue was EUR 37.9 million at June 30, roughly flat versus Q1, despite churn improving to EUR 0.8 million.
• Management now guides for ARR of -2% to +2% year-on-year, versus prior expectations for mid-single-digit growth.
• Montega noted stable profitability and cash generation, while warning slower scaling could persist as customers favor cloud over on-premises investment.

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. Exasol AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26496) on August 12, 2026, and is solely responsible for the information contained therein.