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Sweden's Mycronic Q3 sales beat estimates, lifts 2026 outlook

By Reuters News


Overview

  • Sweden electronics equipment supplier's Q3 sales rose 38% yr/yr, beating analyst expectations

  • Q3 EBIT margin improved to 26% from 15%, driven by Global Technologies division


Outlook

  • Board raises 2026 net sales outlook to SEK 9.75 bln from SEK 9.25 bln

  • Company targets net sales of SEK 20 bln by 2032-2035 with EBIT margin around 25%

  • Company says Global Technologies' recent strong performance should not be extrapolated


Result Drivers

  • GLOBAL TECHNOLOGIES - Co said Q3 sales and EBIT were mainly driven by strong performance in Global Technologies division, with product mix and volume effects

  • ORDER BACKLOG - Co said Global Technologies division benefited from large order backlog, focus now on maximizing production capacity

  • AI INFRASTRUCTURE & DEFENSE - Co said favorable market conditions for Global Technologies were driven by AI infrastructure, advanced packaging and defense investments


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

SEK 2.36 bln

SEK 2.14 bln (5 Analysts)

Q3 EBIT

SEK 610 mln

Q3 EBIT Margin

26.00%

Q3 Orders

SEK 2.67 bln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."

  • Wall Street's median 12-month price target for Mycronic AB (publ) is SEK350.00, about 19.2% above its October 21 closing price of SEK293.60

  • The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 34 three months ago


Reuters Recommended Reads

  • Oct 22 - Sweden's AFRY beats Q3 sales estimates on strong order backlog

  • Oct 21 - Sweden's HMS Networks Q3 sales rise 15%, meet expectations

  • Oct 22 - Sweden's Pricer Q3 profit margin hits record high


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.)

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