April 28, 2026 — IFS, the leading provider of Industrial AI software, announced its financial results for the first quarter ending March 31, 2026, reporting ARR growth of 25% and a strong start to the year. Q1 performance reflects a continued shift in how organizations operate, as AI scales beyond supporting decisions to executing work across assets, workflows and operations.
Growth in the quarter was driven by new customers, solution expansion by existing customers, consistently strong retention metrics and increasing adoption of AI-driven capabilities across operational workflows. A selection of billion-dollar revenue companies choosing IFS.ai in Q1, include: Aramex, Coca-Cola, China Airlines, Drydocks World, FirstSolar, JVCKENWOOD, LATAM Airlines, Miele, Shin Maywa Industries.
Driving commercial value through enterprise-wide AI adoption
Q1 continued to see customers extend their use of IFS solutions across additional sites, assets and processes. Significantly, organizations are beginning to operate differently. Rather than using AI to support individual tasks, customers are moving to more autonomous operations, enabling systems to plan, decide and execute work across complex environments with minimal manual intervention.
This shift is most visible in the asset-intensive and service-driven industries IFS serves, where uptime, coordination and responsiveness are critical. AI is now deeply embedded in mission-critical processes and the execution layer of operations, improving productivity, reducing inefficiencies and enabling faster, more consistent outcomes.
Mark Moffat, CEO of IFS, said: “We’re seeing a distinct move from AI supporting work to AI performing work, and that’s changing how our customers run their operations. Through targeted investments, strategic partnerships and industry-specific capabilities that solve real challenges, we’re equipping customers with Industrial AI to build the agility that the next wave of global growth demands. As our Q1 financial results demonstrate, IFS is the industrial platform that makes AI actually work in the real world, and that’s never been more valuable.”
Matthias Heiden, CFO of IFS, said: “We have delivered a resilient start to 2026, performing in line with our strategic plan. ARR growth of 25%, new customers, strong retention and continued expansion across our installed base position us well for the year. All regions contributed positively despite macroeconomic headwinds, reflecting the trust customers place in IFS innovation and the RoI they gain.”
Platform expansion in Q1
IFS continued to invest strategically in its platform, expanding capabilities across supply chain, logistics and utilities to support increasingly autonomous and integrated operations.
- IFS Softeon: Following the completion of the Softeon acquisition in March 2026, IFS strengthened its warehouse and supply chain execution capabilities, enabling greater coordination between planning and real-time operations.
- IFS.ai logistics: Introduced in March following the acquisition of 7Bridges, IFS.ai Logistics connects transport planning, execution and financial outcomes, helping organizations manage complex logistics networks with greater precision and automation.
- IFS.ai operational intelligence: Combines asset and operations performance management into a single source of truth to detect failures before they happen. After strong traction in the energy sector, IFS is extending it across all industries, with demand accelerating fast.
These developments reflect a broader focus on enabling systems that can increasingly manage and execute operational processes, while remaining grounded in real-world operational constraints — geopolitical tensions, global supply chain uncertainty and inflation.
Brand presence and market outlook
2026 saw IFS strengthen its global brand presence through partnerships that reflect its growing role in high-performance, operationally complex environments. IFS was named Principal Partner of Chelsea Football Club, supporting the club with AI-driven capabilities across its operations, while expanding global visibility as the first AI company to appear front-of-shirt. In motorsport, IFS became the official technology partner of the Cadillac Formula 1 Team, embedding its software across engineering, production and supply chain processes. IFS was named a leader in the 2026 IDC report “Worldwide Manufacturing AI Enabled Asset Intensive Enterprise Asset Management Applications” and was the only vendor to be recognized as a Customers’ Choice in the 2025 Gartner Peer Insights Voice of the Customer: Field Service Management report.
Keith Kirkpatrick, vice president and research director, Enterprise Software & Digital Workflows, Futurum Group, commented: “Sustained ARR growth combined with strong retention suggests that customers are standardizing on platforms capable of supporting long-term operational requirements. In asset- and service-centric industries, this typically correlates with software that is embedded into planning, scheduling and execution processes, rather than positioned solely as a decision support layer. The results are consistent with enterprises prioritizing measurable operational outcomes over standalone AI functionality."
IFS enters Q2 2026 with continued momentum, supported by a strong installed base, high retention levels and sustained demand for AI-driven operational capabilities. As organizations move toward more autonomous operations, IFS is focused on enabling customers to deploy Industrial AI across entire workflows, allowing systems to take on a greater share of planning, coordination and execution.
Sustainability embedded
IFS also published the annual Sustainability Report, outlining continued progress in decarbonization, responsible procurement and governance, alongside sustainability embedded product capabilities aligned to the IFS long-term growth strategy. Highlights include maintaining 100% renewable electricity across global operations for the fourth consecutive year, delivering over 60% reduction in energy and facilities costs at newly opened sites and achieving a 36.2% employee participation rate in CSR volunteering.
About IFS
IFS is the world's leading provider of Industrial AI for hardcore businesses that service, power and protect our planet. Our technology enables businesses that manufacture goods, maintain complex assets and manage service-focused operations to unlock the transformative power of Industrial AI — enhancing productivity, efficiency and sustainability in the industries that matter most.
IFS.ai is fully composable, designed for ultimate flexibility and adaptability to each customer's specific requirements and business evolution. By leveraging AI, machine learning, real-time data and analytics, IFS empowers its customers to make informed strategic decisions and excel at their Moment of Service.
The scale of that impact is already embedded in the infrastructure of daily life. Today, $2.4 trillion in critical assets are managed by customers running IFS.ai. Every year, 800 million airline passengers fly on aircraft maintained using our platform, while 2 billion people rely on elevators and walkways we service. 200 billion packages are produced and distributed annually by manufacturers running IFS.ai, and 250 million jobs are scheduled each year through our technology. For IFS, this is not a market opportunity; it is the responsibility that comes with being the world's leading provider of Industrial AI.
