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Welding Demand Helps Drive $83M in Q2 Revenue for Universal Robots

UR CobotsEarnings400x275

July 27, 2022

Denmark-based Universal Robots, the leader in collaborative (“cobot”) robots, has announced Q2 revenue of $83 million, highlighted by strong growth in global welding demand as a key success driver in the first half of this year.

“In headline terms, second quarter revenue is up 8% on the same period last year, but in local Danish currency the company has seen growth of 22% for Q2,” said Kim Povlsen, president of Universal Robots. When measured this way, UR said it has seen 30% growth across the first two quarters of 2022 compared to the first half of 2021.

In addition to the welding demand for cobots, the company said it increased its revenue from OEM channels. “Our cobots are providing the foundation for some really exciting new products,” said Povlsen. “We see the development of new OEM partnerships within our thriving ecosystem as a great opportunity for both innovation and growth in the future.”

The company said more than 80 OEMs are creating solutions with UR cobots, with applications that range from welding and palletizing to construction tasks. For example, one company, 3D Infotech, uses UR cobots to create metrology solutions, and has credited UR technology and position in the UR+ ecosystem to report “phenomenal” revenue growth of more than 200% in 2021.

“If we provide any component in our solution that is not performing up to the expectation of our customer, that makes us look bad,” said Rohit Khanna, president and CEO of 3D Infotech. “In the case of cobots from UR, they’ve actually helped us elevate our brand status.”

The company’s Universal Metrology Automation (UMA) line is based on its Streamline quality assurance software and a platform of UR cobots. With the system, users can pick a part and a preset program that has the scan coverage of the entire part, press play and walk away. By standardizing on the family of UR cobots, the company can more easily deploy systems for several applications.

For more details on Universal Robots, visit its website here.


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