Norway's Smartoptics Q1 revenue rises 59.6% on strong Americas and EMEA demand

Smartoptics ASA

07/05/2026 05:15

Overview

Norwegian optical networking firm's Q1 revenue rose 59.6% yr/yr on strong Americas and EMEA demand

Gross margin improved to 48.2% from 47.3% yr/yr

Company continues investing in scalability, production relocation and AI-driven platform development

Outlook

Smartoptics says ongoing investments in software and AI capabilities align with its roadmap

Company expects accelerating investments in optical networking and continued growth across all regions

Smartoptics says its open, software-driven approach positions it to capture market growth

Result Drivers

AI-DRIVEN NETWORK EXPANSION - Co said accelerating investments in AI-driven network expansion and data center interconnect boosted demand

LARGE-ACCOUNT ORDERS - Additional orders from major customers, including regional operators, neo-scalers and government clients, contributed to growth

REGIONAL PERFORMANCE - Record revenue in the Americas and strong EMEA growth with large-account traction drove overall results

Company press release: ID:nWkr9QLcS5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$22.90 mln
$20.20 mln (1 Analyst)
Q1 Gross Margin
48.20%
Q1 EBIT
Miss
$1.80 mln
$2.40 mln (1 Analyst)
Q1 EBITDA
Miss
$2.70 mln
$3.10 mln (1 Analyst)

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 Smartoptics Group ASA is NOK57.50, about 1.6% above its May 6 closing price of NOK56.60

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 36 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.)