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

Universal Robots delivers industrial-grade collaborative automation built to perform, scale, and last. Combining lightweight, high-performance hardware with intuitive PolyScope software, certified safety, cybersecurity and open interfaces, Universal Robots enables manufacturers and integrators to deploy automation faster, reduce risk, and evolve toward AI-supported production—across applications, sites, and industries.

Automate with Confidence.