Atea (ATEA) Q3 2026 earnings summary

Executive summary

• Q3 gross sales were NOK 13.9bn, up 12.6% reported and 21.7% in constant currency; IFRS revenue rose 16.9% to NOK 9.9bn.

• EBIT increased 16.5% to NOK 405m and net profit rose 23.4% to NOK 279m, supported by strong hardware demand and lower operating expenses.

Financial highlights

• Q3 gross profit was NOK 2,564m, up 2.0%; gross margin fell to 26.0% from 29.8% on higher hardware mix. Operating expenses declined 0.3% to NOK 2,159m.

• Nine-month gross sales were NOK 47.5bn, up 17.4% in constant currency; revenue was NOK 29,937m, up 14.6%.

• Nine-month EBIT was NOK 1,201m, up 33.9%, including a NOK 152m AppXite gain; adjusted EBIT was NOK 1,049m. Net profit was NOK 886m, up 62.6%.

• Hardware sales rose 25.0% to NOK 7,340m; Software/Cloud increased 3.3% to NOK 4,130m, while Services fell 1.9% to NOK 2,387m.

• Q3 operating cash flow was NOK 143m and free cash flow NOK 77m, versus NOK 220m and NOK 136m a year earlier.

Outlook and guidance

• FY2026 EBIT guidance is NOK 1,710m–1,745m, including the NOK 152m Q1 AppXite gain; Q4 EBIT guidance is NOK 510m–545m.

• Q4 constant-currency sales growth is expected to slow from the first three quarters as some customers face year-end budget constraints; a high order backlog supports Q4.

• Sales growth is expected to remain robust through 2027, supported by market growth and share gains; operating scale and efficiency are expected to improve margins over time.

• Q4 operating cash flow is expected to benefit from further inventory reductions and seasonal working-capital improvement.