Atea ASA (ATEAY) Q3 2026 Earnings Call Transcript
Atea ASA (ATEAY) Q3 2026 Earnings Call October 22, 2026 2:00 AM EDT
Company Participants
Steinar Sonsteby – Chief Executive Officer
Robert Giori – Chief Financial Officer
Presentation
Steinar Sonsteby
Chief Executive Officer
Good morning, and welcome to the Q3 presentation of the Atea numbers here from Oslo, Norway. And what numbers it is. But first, this is my 50th presentation here at the stock exchange. That is a milestone very few get to reach. And it makes me proud, but even more so when I look back at all the great numbers we have presented the last 15 years. But not enough about that. This quarter, Q3 came in with a gross sales of NOK 13.9 billion, up 21.7% in constant currency. EBIT came in at NOK 405 million, up 16.5% and net profit at NOK 279 million, up almost 24%. But as always, I’ll leave it to Robert to give you all the great news.
Robert Giori
Chief Financial Officer
Thank you, Steinar. Great to have the opportunity. Atea reported high profit growth in the third quarter of 2026 based on strong sales of data center solutions and a flat trend in headcount and operating expenses. Gross sales in Q3 were NOK 13.9 billion, an increase of 12.6% from last year. Currency fluctuations had a negative impact on sales growth of 7.5% as sales in foreign currencies were translated into a stronger Norwegian kroner compared with last year. Adjusting for the currency impact, organic growth in constant currency was 21.7%. Hardware sales increased by 25.0%, representing about 35% growth in constant currency. Hardware growth was driven by very strong demand for data center equipment, including servers, storage and networking solutions.
Software and Cloud sales increased by 3.3% or about 12% in constant currency. Software growth was based on higher sales of data
