Universal Robots has reported Q3 revenue of USD 71m

Universal Robots has reported Q3 revenue of USD 71m, down 4% on its 2022 Q3 revenue but up over 20% from 2023 Q2.

October 26, 2023Universal Robots

Sales of the company’s newest cobot

The UR20 made an important contribution to the company’s Q3 revenue, “We focused heavily in Q3 on ramping up production of the UR20 to meet customer demand. It’s been great to see the UR20 used as part of so many transformative manufacturing journeys amongst such a diverse range of customers”, says Stacey Moser, Chief Commercial Officer. “Despite the overall global market for robotics being impacted by an uncertain economic climate, our order numbers are holding up well.”

Universal Robots

We believe that collaborative robotic technology can be used to benefit all aspects of task-based businesses – no matter what their size.

We believe that the latest collaborative robot technology should be available to all businesses. The nominal investment cost is quickly recovered as our robotic arms have an average payback period of just six months.