Kongsberg Gruppen ASA Earnings Recaps
Q3 2026
Nov 1, 2026
Kongsberg shares rose 14.0% after earnings, as the quarter delivered 50% revenue growth, 66% EBIT growth and record order intake—evidence of strong demand and expanding production volumes. The order backlog reached NOK 174.2 billion, though the provided transcript excerpt does not include full financial or outlook details.
Key takeaways
- Q3 revenue increased 50% year over year to NOK 11.3 billion; EBIT rose 66% to NOK 1.9 billion, with a 16.4% margin.
- Orders totaled NOK 23.3 billion, up from NOK 9.5 billion a year earlier. Book-to-bill was 2.06, and the backlog reached a record NOK 174.2 billion.
- Major awards included Belgium’s approximately NOK 10 billion NASAMS order, a NOK 1.5 billion additional Netherlands NASAMS order, and a $54 million U.S. government contract for autonomous underwater vehicles.
- Kongsberg completed its Sonatech acquisition and is expanding capacity, including a new facility in Poland expected to begin production in the first half of 2028.
- Management said delivering the backlog is its number one priority; 7% of the backlog was scheduled for delivery in Q4 2026.