France's Exosens Q3 revenue jumps on strong  demand, rapid capacity ramp-up

Exosens SA

27/10/2026 06:29

Overview
France-based imaging tech firm's Q3 revenue grew 23.5%, with 9M revenue up 18% yr/yr
Company confirms upgraded 2026 outlook for about 20% revenue growth and 25% adjusted EBITDA growth
Adjusted gross margin rose 16.1% yr/yr, but margin rate declined due to product mix and staffing costs

Outlook
Exosens expects 2026 revenue between €558 mln and €570 mln
Company sees 2026 adj EBITDA between €186 mln and €192 mln
Capital expenditure for 2026 expected at around 9% of revenue, excluding capitalized R&D

Result Drivers
DEFENSE AND SURVEILLANCE DEMAND - Co said revenue growth was driven by increased demand for night vision and imaging solutions in defense, surveillance, and nuclear instrumentation markets
CAPACITY RAMP-UP - Faster-than-expected ramp-up of European production capacity enabled higher sales volumes, supporting Q3 revenue growth
DRONE AND NUCLEAR MARKETS - Accelerating demand for imaging solutions in drone, counter-drone and nuclear applications contributed to segment growth

Company press release: ID:nGNE265MzD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 386.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Exosens SA is €69.00, about 15.7% above its October 26 closing price of €59.65
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 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.)