Exosens falls, analyst flags 'mild' gross margin miss, lack of capacity update

Exosens SA

27/10/2026 09:01

** Shares in Exosens EXENS.PA fall 4.4%, narrowing earlier losses of nearly 8%, despite the French high-tech manufacturer posting an in-line revenue in Q3 
** The stock's decline today reflects "the mild margin disappointment and the absence of fresh capacity increase announcements," brokerage Bernstein says
** Bernstein notes the company's gross margin of 48.6% missed its consensus estimates due to a shift towards lower-margin products
** It adds the margin dilution appears temporary and stems from the growing contribution of complete night-vision systems and higher fixed costs from a capacity increase in the United States
** The company posted a 23.5% rise in its Q3 revenue, driven by stronger demand and capacity ramp-up 
** Up to the previous session's close, shares were up 23.1%​ YTD

(Reporting by Hugo Lhomedet)
((hugo.lhomedet@thomsonreuters.com))