Vaisala (VAIAS) Q3 2026 earnings summary

Executive summary

• Q3 orders rose 38% YoY to €164.6M, net sales increased 6% to €162.9M, and EBITA margin reached a record 24.9%.

• Industrial Measurements led growth; Weather, Energy and Environment orders strengthened while Xweather sales continued to grow.

• Order book reached €215M at September-end, 16% above year-end 2025; ARR rose 9% YoY to €60.9M.

Financial highlights

• Q3 gross margin was 61.5% versus 54.4%; excluding €4M in U.S. tariff refunds, gross margin was 58.8% and EBITA margin 22.4%.

• Q3 EBITA was €40.6M versus €28.0M, EBIT was €38.8M versus €25.7M, and net income was €29.0M versus €18.6M.

• 9M net sales rose 4% reported to €451.4M and 6% in constant currencies; EBITA was €83.4M and margin 18.5% versus 15.7%.

• 9M net income was €57.4M versus €41.5M; EPS was €1.58 versus €1.14, and operating cash flow was €84.4M versus €58.9M.

• 9M operating expenses rose 5% YoY, reflecting growth investments in Industrial Measurements and Xweather, plus M&A expenses.

Outlook and guidance

• Updated FY 2026 guidance is net sales of €610–630M and EBITA of €110–120M, revised from €600–630M and €95–110M, respectively.

• Guidance excludes the planned Atmo acquisition and potential significant changes in market conditions.

• Industrial, life science, power and Xweather subscription markets are expected to grow; meteorology and aviation are expected to remain stable, while renewable energy is expected to decline.