INVISIO (IVSO) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 40% YoY to SEK 408.1m; order intake increased 18% to a record SEK 565.5m for a third quarter, supported by U.S. recovery.

• Jan–Sep revenue increased 28% to SEK 1,351.4m, as higher sales volumes drove improved operating profit and net income.

• Defense modernization, new product uptake and increased defense spending supported favorable demand for secure tactical communications.

Financial highlights

• Q3 gross profit rose 38% to SEK 228.4m; gross margin was 56.0% versus 57.0%.

• Q3 EBIT was SEK 32.2m versus a SEK 3.2m loss; EBIT margin was 7.9% versus -1.1%. EBITDA was SEK 51.8m and net profit SEK 30.6m.

• Q3 operating expenses rose 16% to SEK 196.3m; Jan–Sep operating expenses were SEK 617.2m.

• Q3 operating cash flow was SEK 91.9m versus SEK 105.8m; invoicing and customer-payment timing contributed to the decline.

Outlook and guidance

• The SEK 647.7m quarter-end order book increased SEK 150m QoQ; most is expected to convert to revenue over the next two to three quarters.

• Long-term targets remain average annual revenue growth of at least 20% and average annual EBIT margin of at least 20%; rolling 12-month EBIT margin reached 18.4%.

• T30 deliveries are in a controlled ramp-up, with production capacity secured to support expected demand; growth is expected through 2027.

• No quarterly sales forecast was given; shipment timing depends on customer schedules, and orders may convert quickly or shift between quarters.