Acconeer (ACCON) Q3 2026 earnings summary

Executive summary

• Fifth consecutive quarterly sales record: Q3 net sales of SEK 23.5m, up 42% YoY; product sales rose 66% YoY.

• Record deliveries of 500,000 sensors and modules; sales-of-goods gross margin reached 60%, while EBITDA was -SEK 4.1m and net loss was SEK 9.4m.

Financial highlights

• Q3 net sales rose 10% QoQ; 9M net sales were SEK 63.2m, up 55% YoY.

• Q3 operating expenses increased 114% to SEK 24.7m; operating result was -SEK 10.0m versus SEK 0.2m a year earlier.

• 9M net loss was SEK 31.4m versus SEK 14.5m, and EBITDA was -SEK 19.5m versus -SEK 12.5m.

• 9M operating cash flow was -SEK 18.4m; cash flow after working-capital changes was -SEK 25.6m. Period-end cash was SEK 31.3m versus SEK 55.5m a year earlier.

Outlook and guidance

• Q4 2026 targets continued revenue growth and positive cash flow; the 2026 target remains to achieve a first cash-flow-positive quarter.

• FY 2027 revenue objective is growth of at least 100% YoY, replacing the previous target of revenue above SEK 300m.

• The revised 2027 objective reflects lower forecasts for launched A1-equipped car models and delays in completing A212 offerings outside automotive; long-term EBIT margin target remains at least 25%.

• Q4 positive cash flow plans rely on collecting receivables, avoiding further inventory growth and generating gross profit sufficient to cover costs.