Seeing Machines (LSE:SEE) shares surged 8.7% to 4.5p after the company reported record Q3 automotive volumes of 1.28m units. The firm said it expects positive Adjusted EBITDA in Q3 and in H2 FY2026 and expects production volumes to rise again in Q4, while 8.94m shares traded intraday.
Q3 automotive royalty revenue was higher than total Automotive royalty revenue for the first half of FY2026, reflecting accelerating DMS fitment as OEMs scale ahead of the July 2026 European General Safety Regulation (GSR) deadline.
There are now 6.1m cars on the road fitted with Seeing Machines' Driver and Occupant Monitoring System technology, an 88% increase from the prior year.
Guardian aftermarket unit sales were 1,610 in Q3 (Q2 FY2026: 3,764) and Guardian annual recurring revenue reached $14.7m, up 5% from Q2 FY2026 as installed hardware is connected and activated.
"Q3 delivered a clear inflection point for Seeing Machines," Paul McGlone, CEO, said.
The company said it expects to deliver positive Adjusted EBITDA in Q3 and in H2 FY2026 and, on current schedules, expects production volumes to increase again in Q4.
