Intelbras (INTB3) Q3 2026 earnings summary

Executive summary

• 3Q26 revenue was R$1,176.5m, up 4.6% YoY; EBITDA rose 18.1% to R$170.1m and net income rose 19.7% to R$177.1m.

• Pre-tax ROIC reached 20.0%; management emphasized profitability, capital efficiency and disciplined execution amid subdued demand.

Financial highlights

• 3Q26 gross profit rose 10.7% YoY to R$384.3m; operating expenses rose 4.2%, below revenue growth.

• 9M26 revenue reached R$3,436.2m versus R$3,292.4m; EBITDA was R$495.3m versus R$379.6m.

• 9M26 net income rose 41% to R$488.4m; operating cash flow was R$753.2m versus R$571.8m in 9M25.

• 3Q26 net income was R$177.1m, up 11.8% QoQ; EBITDA rose 0.7% QoQ to R$170.1m.

Outlook and guidance

• No significant near-term demand recovery is expected; 2027 planning takes a prudent view of market, macroeconomic and operating conditions.

• Priorities include profitable growth, efficiency, capital discipline and investment in higher-potential categories; investment pace can adjust to conditions.

• Management expects real revenue growth above inflation in 2027, while noting continued uncertainty.

• Manaus expansion is proceeding on schedule, with investment pace remaining flexible.