Canon Posts Record Q2 Revenue as Imaging Offsets Printing Weakness

Canon Posts Record Q2 Revenue as Imaging Offsets Printing Weakness

Canon reported record second-quarter and first-half revenue for fiscal 2026, supported by robust growth in imaging segment, while significantly improving profitability despite persistent weakness in global printing markets and higher component costs.

For the second quarter ended June 2026, Canon’s net sales increased 3.6% year on year to ¥1.181 trillion (US$7.21 billion), marking a record high for a second quarter. Operating profit jumped 35.2% to ¥159.2 billion (US$972.3 million), while net income surged 46.9% to ¥122.9 billion (US$750.6 million).

Canon said revenue growth was driven primarily by continued strong demand for compact cameras and network cameras, together with higher sales of semiconductor lithography equipment for memory-related applications. A weaker yen also provided a meaningful boost to reported sales.

Printing, Canon’s largest business segment, generated second-quarter revenue of ¥629.4 billion (US$3.84 billion), up 3.1% year on year, while operating profit rose 26.9% to ¥97.6 billion (US$596.1 million). For the first half, sales increased 1.5% to ¥1.240 trillion (US$7.57 billion), with operating profit rising 5.0% to ¥157.5 billion (US$961.9 million).

Management said uncertainty surrounding the global economy continued to weigh on demand, particularly in Europe due to the Middle East conflict and in the United States because of tariffs, causing customers to postpone investment in printing equipment. However, the company believes conditions are gradually improving.

In commercial printing, investment by printing companies has resumed, leading to stronger sales of continuous-feed presses and high-speed cut-sheet presses. The company expects new products, including the varioPRINT iX1700 and the upcoming varioPRESS iV7, to support further growth during the second half by expanding its digital production printing lineup across more price and performance tiers.

For office MFDs, hardware demand remained soft in Europe and the U.S., although recurring revenue from services and consumables remained stable. Canon said customer discussions regarding hardware purchases have improved recently and expects its expanded imageFORCE product family, including newly introduced lower-speed models, to support replacement demand in the second half.

Consumer printing remained challenging. Canon said the laser printer market weakened in Europe and the U.S., while inkjet printer sales were affected by prolonged inventory adjustments and geopolitical uncertainty. The company nevertheless expects higher sales of refillable ink tank printers in Asia and improved product mix to support revenue later in the year.

Canon said the operating environment remains uncertain, with demand still weak in Europe and the U.S. and customers continuing to postpone investments in printing equipment. The company also expects continued pressure from higher memory prices and rising raw material costs associated with the Middle East situation.

Related:

• Canon Launches imageFORMULA R40II Office Document Scanner
• Canon Expands imageFORCE Portfolio with New A3 MFP Series
• Canon to Shut Down Philippines Laser Printer Plant
• Canon Achieves Record Q1 Sales
• Canon Launches Remanufactured C5800 RM Series Printers in US

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