Denmark's Napatech Q1 revenue rises 69%, EBITDA loss narrows

Napatech A/S

07/05/2026 07:07

Overview

Denmark data processing hardware supplier's Q1 revenue grew 69% yr/yr to $5.7 mln

Q1 EBITDA loss narrowed, driven by higher volumes and sustained gross margins

Company maintained 2026 financial guidance, citing commercial momentum and solid liquidity

Outlook

Napatech maintains 2026 guidance: units sold 8,700-10,700, revenue DKK 200-240 mln

Company sees 2026 gross margin at 60-70%

Napatech expects 2026 staff expenses and other external costs of DKK 170-180 mln

Result Drivers

COMMERCIAL MOMENTUM - Co said Q1 growth reflected progress across AI, networking, storage, cybersecurity, and fintech use cases

GROSS MARGIN DISCIPLINE - Co attributed 70% gross margin to continued discipline in pricing, product mix, and execution

DESIGN-WIN CONVERSIONS - Co said revenue benefited from converting its growing design-win pipeline, supported by customer engagement and partner collaboration

Company press release: ID:nObi4DFyza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EBITDA
-DKK 18.10 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Napatech A/S is NOK34.00, about 9.5% above its May 6 closing price of NOK31.05

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)