Qt Group (QTCOM) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 27.0% to €51.725m, or 26.0% at comparable exchange rates; EBITA was €5.715m, including €5.3m of restructuring costs.

• ARR reached €164.1m, up 32.1% at comparable exchange rates; Q3 growth at comparable rates was 1.8%.

• FY2026 guidance remains net sales growth of at least 10% at comparable exchange rates and an EBITA margin of at least 15%.

Financial highlights

• Q3 EBITA margin was 11.0% versus 10.5%; adjusted for restructuring costs, the margin was 21.4%.

• YTD net sales rose 19.1% to €165.714m, or 21.7% at comparable exchange rates; the reported figure included a negative €3.0m currency effect.

• YTD EBITA margin was 12.1%; adjusted EBITA was €17.9m versus €17.5m in the prior-year period.

• Q3 net profit was €1.0m versus €1.4m; YTD net profit was €3.8m versus €13.1m.

Outlook and guidance

• FY2026 net sales are expected to grow at least 10% YoY at comparable exchange rates, with an EBITA margin of at least 15%.

• IAR revenue is expected to decline in 2026 during the planned SaaS transition, then return to growth in 2027 if the transition proceeds as planned.

• The reorganization targets €20m in annual savings to improve efficiency and long-term profitability.

• Q4 is expected to be the busiest quarter and deliver the year's strongest EBITA; next-year profitability is expected to improve substantially.