INTERSHOP Communications (ISHA) Q3 2026 earnings summary

Executive summary

• 9M revenue fell 7% YoY to €23.4M; EBIT improved to €0.2M from a €1.4M loss, marking a third consecutive quarter of positive operating results.

• Cloud momentum strengthened: order entry rose 29% to €14.2M, while cloud revenue grew 2% to €15.7M and represented 67% of revenue.

Financial highlights

• 9M gross profit was €11.3M, down 3% YoY; gross margin increased to 48% from 46% as cost of revenue declined 11% to €12.2M.

• Adjusted for no specified items, EBITDA rose 150% to €2.7M; net loss narrowed to €66K from €1.7M, with EPS of €0.00 versus -€0.12.

• Q3 revenue was €7.7M versus €8.0M YoY; EBIT was positive €45K versus a €492K loss.

Outlook and guidance

• FY 2026 outlook was confirmed: cloud order entry and Net New ARR expected at prior-year levels, revenue to decline by a slightly lower percentage, and EBIT to break even.

• Management cited cost reductions, improved service margins, cloud order growth and Q3 Net New ARR recovery as support for confidence in the full year.