Finland's Qt Group Q4 sales beat estimates on IAR acquisition boost

Qt Oyj

26/02/2026 11:14

Overview

Finland software firm's Q4 net sales rose 12.6%, beating analyst expectations

Company's Q4 operating profit impacted by acquisition-related costs and higher personnel expenses

Company's Q4 net sales growth driven by IAR acquisition

Outlook

Qt Group expects 2026 net sales to grow by at least 10% at comparable exchange rates

Company anticipates 2026 operating profit margin (EBITA %) of at least 15%

IAR's transition to SaaS model may reduce revenue in 2026 but improve long-term growth

Result Drivers

IAR ACQUISITION - Acquisition of IAR contributed EUR 8.1 mln to Q4 net sales, driving overall growth

CUSTOMER DELAYS - Sales to new and existing customers' new product development projects remained flat due to delayed decisions

PRODUCT MILESTONE - SQS unit announced support for NVIDIA CUDA Safety, enhancing its toolset for safety-critical industries

Company press release: ID:nMFN9Vf7mP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
EUR 77.10 mln
EUR 74.93 mln (4 Analysts)
Q4 EPS
EUR 0.73
Q4 EBIT
EUR 24.20 mln
Q4 EBITA
EUR 27.45 mln
Q4 EBIT Margin
31.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Qt Group Oyj is €42.00, about 72.1% above its February 25 closing price of €24.40

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 29 three months ago

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.)