Singulus Technologies (SNG) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose to €60.4m from €44.3m; EBIT improved to €1.2m from a €2.5m loss, while net loss was €0.9m.

• A SpaceX contract worth over €60m covers the first turnkey HJT solar-cell production line, targeted for delivery in H1 2027.

• FY 2026 guidance remains ~€83m revenue and positive EBIT in the low single-digit millions.

Financial highlights

• 9M gross profit was €21.3m and gross margin 35.4%, up from 32.5%; results included a license sale and revenue recognition on long-running projects after contract cancellations.

• 9M operating expenses were €20.1m vs. €16.9m, including R&D of €5.2m and sales/customer services of €8.9m; expenses included share-based compensation costs.

• Q3 revenue was €15.1m vs. €13.0m; Q3 EBIT was reported as -€1.4m, though one narrative figure conflicted with the preliminary table.

• 9M order intake was €45.0m reported and €60.3m before Triumph Closing adjustments; backlog was €47.1m after related adjustments to orders and delivery obligations.

• Net loss improved to €0.9m from €3.5m; basic EPS was -€0.10 vs. -€0.39.

Outlook and guidance

• FY 2026 revenue guidance remains ~€83m, with positive EBIT in the low single-digit millions; Solar is expected to contribute significantly to revenue and earnings.

• The first SpaceX line is scheduled for H1 2027 delivery; the partnership envisages additional lines, but their timing and orders are not firm commitments.

• Manufacturing capacity and supply-chain buildout are planned through 2027, with expanded capacity expected to translate into action in 2028.