Operator

Welcome to Yubico Q1 2026 Report Presentation. [Operator Instructions]

Now I will hand the conference over to CEO, Jerrod Chong; and CFO, Snejana Koleva. Please go ahead.

Jerrod Chong
Acting Chief Executive Officer

Hi, everyone. Thank you for joining us for our Q1 2026 briefing. I am Jerrod Chong, the CEO of Yubico, and with me is Snejana. We are going to walk through the agenda. I'll give a quick recap of our company overview. I'll talk through our Q1 highlights. Snejana will focus on the financial overview and deeper insights to the business. I will then close up with our remarks, and we'll be opening up for questions and answers.

Quick overview. I think most of you are aware we are expanding our organization. We made adjustments to our workforce to be more efficient as reflected in numbers. We want to really commit to the investors that our growth trajectory is priority, and we also want to make sure we are paying attention to our gross margin as well as our EBIT.

Quick market update trends. I think most of you are very familiar with what we've announced 3 days ago with OpenAI and the partnership. What we see is clearly in terms of how the AI-enabled world is impacting the cybersecurity world. We can see that attacks are being much more scaled and precise in the way they are targeting accounts and how