Napatech Reports Record Q3 Revenue of $10.3 Million
Third-quarter 2026 revenue reached a record $10.3 million as production revenue began in its AI infrastructure segment. Gross margin was 55.4%, while EBITDA improved to near break-even from a DKK 6.1 million loss a year earlier. Napatech maintained its 2026 guidance; operating cash flow was negative DKK 15.3 million.
Napatech reported record revenue of $10.3 million for the third quarter of 2026, driven by the start of production revenue from its AI infrastructure segment. The company achieved a gross margin of 55.4%, which was impacted by a one-time repricing lag in an AI infrastructure ramp order; management noted that revised pricing is expected to take effect in the fourth quarter. EBITDA improved to near break-even compared to a DKK 6.1 million loss in the same period last year. Despite the growth, the company maintained its 2026 financial guidance unchanged, citing current performance and visibility.
Operating cash flow was negative DKK 15.3 million, primarily due to backloaded invoicing.