Basler 9M sales rise on semiconductor and data-center demand, lifts 2026 outlook

Overview

• Germany computer vision tech firm's preliminary 9-mo sales rose 35% yr/yr to EUR 227.4 mln

• Incoming orders for 9-mo climbed 62% to EUR 278.6 mln

• Company raised 2026 sales and EBIT margin forecast after strong results and high order backlog

Outlook

• Basler raises 2026 sales forecast to EUR 295-300 mln from EUR 270-290 mln

• Company now expects 2026 EBIT margin of 17.5%-19.5%, up from 12.5%-14.5%

• Forecast reflects ongoing supply chain strain and impact from Sony Kumamoto earthquake

Result Drivers

• REGIONAL MOMENTUM - Co said EMEA and Asia provided material growth momentum in Q3

• SECTOR DEMAND - Demand driven by applications in semiconductor and electronics manufacturing, data centers, and logistics automation

• PROFITABILITY FACTORS - High production capacity utilization, efficiency measures, and positive one-time effects contributed to earnings performance; some effects are non-recurring

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the office equipment peer group is "buy."

• Wall Street's median 12-month price target for Basler AG is €29.00, about 34.3% above its October 28 closing price of €21.60

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 30 three months ago

Reuters Recommended Reads

• Oct 27 - Switzerland's INFICON Q3 sales jump, lifts FY outlook on firm semiconductor demand

• Oct 29 - Germany's Aixtron Q3 revenue rises on AI demand

• Oct 27 - Netherlands' ASM International Q3 revenue jumps on strong growth in memory sales

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(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.)