Kitron (KIT) Q3 2026 earnings summary

Executive summary

• Q3 revenue was €266.8m, up 59.0% YoY and 48.8% organically; EBIT margin held at 9.5%.

• Backlog reached a record €843.3m, up 40.9% YoY; group book-to-bill was 1.18.

• Orders broadened beyond Defence & Aerospace, with orders outside the sector up 63% QoQ.

Financial highlights

• Q3 EBIT was €25.2m, up 73%; EBITDA was €32.1m, up 68%; net income was €17.4m, up 91%.

• Q3 EPS was €0.08 versus €0.05 YoY; EBIT margin was 9.5% versus 8.7%.

• 9M revenue was €835.2m, up 65.5%; EBIT was €79.2m, up 89%; net income was €58.8m, up 121%.

• 9M EPS was €0.27 versus €0.13; EBIT margin was 9.5%, up 120 bps YoY.

Outlook and guidance

• FY26 guidance was raised to revenue of €1,050–1,150m and EBIT of €97–112m.

• Six-month forward demand outlook was €613m, versus €609m at Q2; it includes firm orders and committed customer forecasts.

• Medium-term revenue ambition is €1.5bn, supported by backlog, order intake and structural demand themes.

• Leading customers indicated a strong outlook for the rest of 2026 and into 2027; supply constraints are expected to persist into 2027.