Steyr Motors (4X0) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached EUR 12.5m, up 11.2% YoY and 13.4% QoQ, slightly above internal expectations; 9M revenue rose 2.7% to EUR 35.3m.

• Q3 adjusted EBIT improved to EUR 1.4m; FY26 guidance was confirmed, with a seasonally strong Q4 expected to drive delivery against targets.

• Order backlog exceeded EUR 300m through 2030; a Red Cat subsidiary intends to offer EUR 39.00 per share.

Financial highlights

• Q3 gross profit increased to EUR 5.8m from EUR 4.9m YoY.

• 9M revenue was EUR 35.3m versus EUR 34.4m in the prior-year period, up 2.7%.

• 9M reported EBIT was EUR -0.7m versus EUR 4.0m in 9M 2025; adjusted EBIT was EUR 1.5m versus EUR 4.3m.

Outlook and guidance

• FY26 revenue growth guidance remains 15%–25% YoY, with an EBIT margin of 8%–12%.

• Q4 is expected to bring a significant acceleration and the largest contribution toward full-year targets, supported by seasonality, KNDS deliveries, Navy SEALs call-offs and other projects.

• Long-term growth plans focus on converting projects into revenue, improving operating profitability and expanding in core markets.