EarningsQ2 2026 Earnings Report

Kongsberg Gruppen (0F08) Q2 2026 Earnings Report

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Previous Report: Q1 2026

GB:0F08 Q2 2026 EPS Results

Actual EPSkr1.82

Consensus EPSkr1.61

Beat/MissBeat by +kr0.21

One Year Ago EPSkr1.53

GB:0F08 Q2 2026 Revenue Results

Actual Revenuekr9.89B

Expected Revenuekr10.06B

Beat/MissMissed by -kr175.66M

YoY Revenue Growth-28.05%

Earnings Announcement Details

QuarterQ2 2026

Date07/13/2026

TimeTBA

Conference CallMonday, July 13, 2026

GB:0F08 Upcoming Earnings

Kongsberg Gruppen's next earnings date is estimated for October 29, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

GB:0F08 Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 13, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong commercial momentum: record revenues (>NOK 10 billion), higher EBIT and margin expansion, a record NOK 158 billion backlog, sizeable JSM orders, strategic acquisition of Zone 5 to secure high-volume missile capacity, and continued industrial expansion. Offsetting items include a sharp cash reduction driven by dividend and the Zone 5 acquisition, near-term margin pressure in parts of the business (Defense Systems, Discovery, and initial Zone 5 scale-up), an unquantified IFRS impact from a revoked export license, and supply-chain/capacity risks. On balance the company demonstrated robust growth and booking momentum while outlining manageable near-term challenges tied to integration, cash deployment, and production ramp-up.

Company Guidance

Guidance in the call reiterated that Kongsberg expects revenue growth in 2026 above the 2025 level and reiterated long‑term ambitions to triple revenues to NOK 100 billion by 2029 and NOK 150 billion by 2033; near‑term program and portfolio signals include a Q2 order intake of NOK 17.1 billion (JSM orders ~NOK 10.9–11 billion), a record order backlog of NOK 158 billion (NOK 77 billion Defense Systems, NOK 68 billion Missiles & Aerostructures, NOK 12 billion Discovery) with NOK 21 billion due for delivery in the rest of 2026 and NOK 44 billion in 2027, Q2 revenues of NOK 10.4 billion (+31% y/y) and EBIT NOK 1.7 billion (16.1% margin, +1.9 pp y/y), expectation that Zone 5 will deliver >NOK 10 billion annual revenue in the medium term but with single‑digit margins for the next 12–24 months, a NASAMS‑related program value for Kongsberg of ~USD 400 million (not yet in backlog), an underwater surveillance order >NOK 200 million, continued missile factory builds (US, Australia) and facility expansions, and a cash position that fell to NOK 4.9 billion after a NOK 5 billion dividend, NOK 3.7 billion Zone 5 cash payment and NOK 1 billion bond repayment while working capital remained strong at NOK -9.1 billion.

Record Quarterly Revenue

Revenue reached NOK 10.4 billion in Q2 2026, up 31% year-over-year — the first quarter with revenues above NOK 10 billion.

Strong Profitability and Margin Expansion

EBIT was NOK 1.7 billion with an EBIT margin of 16.1% (up from 14.2% in Q2 2025). Absolute EBIT improved ~49% versus last year, outpacing the 31% revenue growth.

Robust Order Intake and Record Backlog

Order intake was NOK 17.1 billion in the quarter (excluding a $400 million NASAMS-related program). Order backlog reached a record NOK 158 billion, providing multi-year revenue visibility.

Division-Level Revenue Growth

Defense Systems revenue grew 53% to NOK 5.1 billion; Missiles & Aerostructures grew 19% to NOK 2.9 billion; Discovery grew 21% — activity high across all three divisions.

Major JSM and NASAMS Wins

New JSM orders totaled about NOK 11 billion during the quarter (including repeat orders: Germany ~NOK 3.5 billion, U.S. ~NOK 2.7 billion). Kongsberg signed a NASAMS delivery agreement for Kuwait (program value to Kongsberg ~USD 400 million).

Strategic Acquisition of Zone 5

Completed acquisition of Zone 5 (≈400 employees), adding high-volume missile capabilities; management expects Zone 5 to generate >NOK 10 billion annual revenue in the medium term and to enable new scalable/subscription production models.

Operational Momentum and Industrial Expansion

High activity levels: missile factories under construction in U.S. and Australia, new facilities in Poland and Horten, and plans to establish European high-volume production hubs.

Positive Development in Falkor and Patria Contribution

Falkor (formerly Kongsberg Digital) turned EBIT positive in June following cost reductions. Patria reported strong results (EUR 321m revenue, EUR 50m EBIT) and Kongsberg's share of net income was NOK 215 million.

GB:0F08 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 29, 2026	2026 (Q3)	1.66 / -	1.595	―
Jul 13, 2026	2026 (Q2)	1.61 / 1.82	1.529	19.03% (+0.29)
Apr 30, 2026	2026 (Q1)	1.87 / 1.29	2.138	-39.66% (-0.85)
Feb 06, 2026	2025 (Q4)	1.66 / 2.21	1.367	61.96% (+0.85)
Oct 30, 2025	2025 (Q3)	1.72 / 1.59	1.276	25.00% (+0.32)
Jul 09, 2025	2025 (Q2)	1.56 / 1.53	1.122	36.27% (+0.41)
May 08, 2025	2025 (Q1)	1.31 / 2.14	1.051	103.43% (+1.09)
Feb 07, 2025	2024 (Q4)	1.42 / 1.37	1.082	26.34% (+0.28)
Oct 24, 2024	2024 (Q3)	1.25 / 1.28	0.98	30.20% (+0.30)
Jul 10, 2024	2024 (Q2)	0.93 / 1.12	0.724	54.97% (+0.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed