Norway's Smartoptics Q2 revenue surges on increased customer activity

Smartoptics ASA

13/07/2026 05:12

Overview
Norway optical networking firm's Q2 revenue rose 55% yr/yr to $28.9 mln
EBITDA margin improved to 15.5%, while gross margin declined to 46.1%
Company introduced updated long-term financial targets, citing larger addressable market

Outlook
Smartoptics aims to grow revenue to $300-400 mln and beyond over time
Company targets average annual growth exceeding 25% from 2026

Result Drivers
CUSTOMER ACTIVITY - Increased customer activity across key markets drove Q2 results
LARGER ACCOUNTS - Continued traction with larger accounts contributed to revenue growth
PRODUCT PORTFOLIO EXPANSION - Investments in technology and product portfolio enabled growth beyond traditional metro markets

Company press release: ID:nWkr7jNWsQ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$28.90 mln
$25.65 mln (2 Analysts)
Q2 Gross Margin
 
46.10%
 
Q2 EBITDA Margin
 
15.50%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 NOK62.50, about 38% above its July 10 closing price of NOK45.30
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 41 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.)