Smartoptics Group ASA (SMOP) - Q3 2026 Financial Results
Key Highlights
- ➤Q3 revenue $34.3 million, up 80% year-on-year
- ➤Q3 EBIT $7.1 million, up 340%; margin improved 12 percentage points to 20.6%
- ➤Last-four-quarter revenue approximately $109 million, surpassing the 2021 listing target
- ➤Americas revenue grew 86% to $20.2 million
- ➤Mid-term aspirations unchanged: $300-400 million revenue and EBIT margin above 16%
Expert Statements
Magnus Grenfeldt, CEO of Smartoptics
“The third quarter was the strongest in Smartoptics' history. Revenue grew 80 percent and EBIT grew by 340% to USD 7.1 million,”
Magnus Grenfeldt, CEO of Smartoptics
“We see clear evidence of the operating leverage in our model, as revenue grows faster than our cost base while we continue to invest in future growth. Our large account strategy continues to deliver. Repeat customers have grown significantly, and we are now engaging with even larger players, laying the foundation for the next step towards our financial aspirations.”
Magnus Grenfeldt, CEO of Smartoptics
“What got us here will take us further. We have broadened our hardware and software offering and our addressable market, built stronger processes and our strongest team ever, while preserving the challenger culture that keeps us nimble. With a proven playbook, a substantially larger market and strong momentum, we believe Smartoptics is well positioned for the next phase of growth.”
Smartoptics Oslo, Norway - October 29, 2026 - Smartoptics Group ASA (Smartoptics, OSE: SMOP) today reported the strongest quarter in the company's history, with revenue increasing 80 percent year-on-year to USD 34.3 million and EBIT margin improving by 12 percentage points to 20.6 percent. Gross margin was 49.5 percent, in line with the same period in 2025.
The growth was broad-based, with all-time high revenue in all regions. Solutions revenue more than doubled, driven by large account deliveries, while Software & Services grew 69 percent. With revenue of approximately USD 109 million over the last four quarters, Smartoptics has now passed the USD 100 million target set at the listing in 2021.
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