Napatech Q2 revenue rises on core infra business strength, narrows EBITDA loss

Napatech A/S

25/08/2026 07:09

Overview
Denmark data processing hardware supplier's Q2 revenue rose 55% yr/yr
Q2 EBITDA loss narrowed, driven by higher revenue and cost discipline
Company maintained 2026 revenue guidance but lowered unit sales outlook

Outlook
Napatech maintains 2026 revenue guidance at DKK 200-240 mln
Company lowers 2026 units sold guidance to 7,700-9,700 from 8,700-10,700
Napatech expects 2026 gross margin of 60-70%

Result Drivers
CORE INFRASTRUCTURE GROWTH - Co said strong growth in Core Infrastructure business contributed to Q2 revenue increase
AI INFRASTRUCTURE ORDERS - Major AI inference design win moved into production with initial and follow-on orders, supporting revenue growth
PRODUCT MIX AND PRICING - Gross margin of 67% attributed to pricing discipline, product mix, and execution

Company press release: ID:nObimzfSza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EBITDA
 
-DKK 6.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
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 NOK75.00, about 80.3% above its August 24 closing price of NOK41.60
The stock recently traded at 76 times the next 12-month earnings vs. a P/E of 59 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.)