Earnings ·
Duos Technologies Group reported Q2 2026 revenue of $6.18 million, up 30% year-over-year, driven by a pivot to AI…
DUOTDuos Technologies Group, Inc.
Duos Technologies Group reported Q2 2026 revenue of $6.18 million, up 30% year-over-year, driven by a pivot to AI infrastructure and the divestiture of its legacy rail business. The company achieved net income of $47.8 million, largely due to a $53.2 million gain on the sale of its stake in New APR Energy. Duos secured over $100 million in growth capital, including a $55 million registered direct offering and proceeds from asset sales. Strategically, it signed five-year hosting agreements with Axe Compute valued at over $500 million for 55 MW of capacity and closed the sale of its rail subsidiary. The company reaffirmed its 2026 guidance for over $50 million in revenue and 25 MW deployed. Duos Technologies Group operates in the data center infrastructure industry, providing modular edge computing solutions.