Norway's AutoStore Q3 revenue beats on strong customer demand

AutoStore Holdings

05/11/2026 05:10

Overview
Norway warehouse automation firm's Q3 revenue rose 38% yr/yr, beating analyst expectations
Order intake for Q3 grew 17% yr/yr to $178 mln
Company raised full-year 2026 revenue guidance to around $750 mln

Outlook
AutoStore raises 2026 full-year revenue guidance to around $750 mln from $700 mln
Company cites strong customer demand and execution supporting outlook for remainder of 2026
AutoStore expects Logiqs acquisition to expand addressable market over time

Result Drivers
CUSTOMER DEMAND - Co said strong customer demand and execution drove revenue and order intake growth
CASH GENERATION - Co highlighted strong cash flow conversion as a driver of business strength
TECHNOLOGY EXPANSION - Co said Logiqs acquisition will enable expansion into roaming pallet AS/RS capabilities

Company press release: ID:nWkr33lGLn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$192 mln
$170.27 mln (7 Analysts)
Q3 Gross Margin
 
71.30%
 
Q3 Adjusted EBITDA Margin
 
42.30%
 
Q3 Orders
 
$178 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for AutoStore Holdings Ltd is NOK18.00, about 22.2% above its November 4 closing price of NOK14.73
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 23 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)