Universal Robots reports revenue of $83 million in Q2

Universal Robots, the Danish collaborative robot maker, has reported Q2 revenue of $83 million, describing it as “robust growth” for the company.

Kim Povlsen, president of Universal Robots, says: “In headline terms, second quarter revenue is up 8 percent on the same period last year but in local Danish currency the company has seen growth of 22 percent for Q2.”

Povlsen adds that, measured this way, Universal Robots has seen growth of 30 percent across the first two quarters of 2022 compared to the first half of 2021.

Universal Robots highlights particularly strong growth in global welding demand as being key to its success in the first half of the year. The company has also increased its revenue from original equipment manufacturer channels.

Povlsen says: “Our cobots are providing the foundation for some really exciting new products.

“We see the development of new OEM partnerships within our thriving ecosystem as a great opportunity for both innovation and growth in the future.”

More than 80 OEMs are creating solutions with UR cobots, encompassing a wide range of applications from welding and palletizing to construction tasks.

The increasing demand for collaborative technology is also reflected in the success of Universal Robots’ OEM partners.

One company, 3D Infotech, which uses UR cobots to create metrology solutions, has credited its use of Universal Robots technology and position in the UR+ ecosystem with “phenomenal” revenue growth of over 200 percent in 2021.