Ekinops Q3 2026 revenue of €31.9m

Some customers brought year-end orders forward into the summer to avoid potential component shortages or price increases.

Rhea-AI Summary

Ekinops (EKNPF) reported third-quarter 2026 revenue of €31.9m, with growth across both business lines over the first nine months.

Quarterly revenue rose 43% year over year and 4% sequentially; growth was 42% at constant scope and exchange rates. Nine-month revenue reached €90.1m, up 13%, or 11% at constant scope and exchange rates. Connectivity & SASE Networks grew 10% and Optical Networks grew 19% over nine months. Regional growth ranged from 2% in Europe excluding France to 32% in North America.

Ekinops now targets high single-digit growth for FY 2026, versus single-digit growth previously. Component supply and price constraints could make upcoming deliveries more volatile. The company expects one or more indirect-sales agreements by year-end, while initial deliveries of its planned data-center optical transport and sovereign network-security solutions remain scheduled for year-end.

15 points · 0 major

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0 major · 5 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointQ3 2026 revenue of €31.9m rose 43% year over year and 4% sequentially.
• Moderate pointNine-month revenue of €90.1m increased 13% year over year, or 11% at constant scope and exchange rates.
• Moderate point. Forward-looking: it has not happened yet and may not happen.FY 2026 growth target raised to high single-digit from single-digit growth.
• Moderate pointConnectivity & SASE Networks sales grew 10% over the first nine months of 2026.
• Moderate pointOptical Networks sales grew 19% over the first nine months of 2026.
• Moderate pointQ2 2026 revenue of €30.6m increased 7% year over year.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Indirect-sales rollout is progressing; Ekinops expects one or more agreements by year-end.

8 minor points

• Minor pointQ3 2026 revenue growth was 42% at constant scope and exchange rates.
• Minor pointNorth America sales grew 32% over nine months; Connectivity & SASE Networks business volume doubled.
• Minor pointFrance sales grew 15% over the first nine months of 2026.
• Minor pointEurope excluding France sales grew 2% over the first nine months of 2026.
• Minor pointRest-of-world sales grew 4% over the first nine months of 2026.
• Minor pointOlfeo contributed €1.8m to Q3 2026 revenue.
• Minor pointFirst deployments under the Proximus framework agreement support the company's raised FY 2026 growth target.
• Minor point. Forward-looking: it has not happened yet and may not happen.Initial optical transport and sovereign network-security product deliveries remain scheduled for year-end.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Electronic-component supply and price constraints could make deliveries over the coming months more volatile.
• Moderate pointQ1 2026 revenue of €27.6m decreased 3% year over year.
• Minor pointSome year-end customer orders moved into summer to avoid potential shortages or price increases.
• Minor pointSoftware & Services revenue share fell to 21% over nine months from 23% a year earlier.
• Minor pointEuropean Connectivity business excluding France declined over the first nine months of 2026.

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Revenue up +43% vs. Q3 2025, and +4% sequentially vs. Q2 2026

Sales up +13% over nine months

High single-digit growth now targeted for FY 2026

PARIS, Oct. 13, 2026 /PRNewswire/ -- EKINOPS (Euronext Paris - FR0011466069 - EKI), a leading provider of optical networks, connectivity and SASE cybersecurity solutions for telecom service providers and enterprises, reports its Q3 2026 revenue (July 1 to September 30, 2026).

€m - IFRS non-audited data	2025	2026	Change
Q1 revenue	28.5	27.6	-3 %
Q2 revenue	28.7	30.6	+7 %
Q3 revenue	22.3	31.9	+43 %
9-month revenue	79.5	90.1	+13 %

Q3 2026 revenue up +43%  

• Positive business momentum in Q3 2026: consolidated revenue of €31.9m, up +43% vs. Q3 2025 (+42% at constant scope and exchange rates), and up +4% sequentially (vs. Q2 2026).
  
  
• Olfeo, consolidated since June 1, 2025, contributed €1.8m to quarterly revenue, while Chimere, consolidated since April 1, 2026, continues to make a non-material contribution, as expected.
  
  
• Revenue of €90.1m over the first nine months of 2026, up +13% compared with the same period a year earlier (+11% at constant scope and exchange rates).

Double-digit growth in both business lines over the first nine months of 2026

• Connectivity & SASE Networks: +10% growth over nine months in 2026, driven by Olfeo's contribution during the period, as well as solid business momentum in North America, confirming the solid opportunity pipeline and sustained business momentum in this segment.
  
  Cybersecurity activities, included within the Connectivity & SASE Networks solutions portfolio, account for 6% of Ekinops' total nine-month revenue. 
  
  
• Optical Networks: growth of +19% over the first nine months of 2026, driven by sustained sales growth in Europe (excluding France), while the positive business momentum initiated in North America in H1 continued throughout the period.
  
  
• Software & Services sales accounted for 21% of the Group's revenue over nine months, compared with 23% over the same period a year earlier.

Growth across all geographic regions

• France (43% of Group revenue): 15% growth over the first nine months of 2026, driven by Olfeo's contribution during the period and strong sales momentum in Connectivity solutions in the region.
  
  
• Europe (excluding France, 29% of Group revenue): up +2%, with strong growth in Optical Networks solution sales offsetting the decline in Connectivity business over the period.
  
  
• North America (22% of Group revenue): strong growth of +32%, supported by sustained growth in Optical Networks solution sales, as well as a doubling of business volume in the Connectivity & SASE Networks segment.
  
  
• Rest of the world (5% of Group revenue): +4% growth at nine months.

High single-digit growth now targeted for FY 2026; caution regarding supply

For FY 2026, the Group now targets high single-digit growth, compared with single-digit growth previously, driven by positive business momentum across all business lines, strong momentum in North America, and the first deployments under the framework agreement with Proximus. 

For several months, however, Ekinops has been facing supply and price constraints affecting certain electronic components. These pressures have led some customers to bring forward certain orders originally expected at year-end, placing them during the summer, to avoid potential shortages or price increases.

These constraints could make deliveries over the coming months more volatile.

Progress on the Bridge plan's product roadmap and rollout of the go-to-market and new business strategy

Alongside its Bridge strategic plan, Ekinops is making progress in rolling out its go-to-market strategy, with the implementation of indirect sales. The Group is in advanced discussions with integrators, distributors and resellers, which are expected to result in the signing of one or more agreements by year-end, across all its regions and portfolio.

Regarding products, the Group continues to develop its future PTM (Photonic Transport Modular) product line for the DCI (Data Center Interconnect) market, as well as its sovereign SASE (Secure Access Service Edge) solutions, and confirms that initial deliveries remain scheduled for year-end, in line with the planned timeline.

Financial calendar is available here.

Ekinops contact
Lionel Chmilewsky, CEO
contact@ekinops.com

Investors contact
Mathieu Omnes, Investor relation
Tel.: +33 (0)1 53 67 36 92
momnes@actus.fr

Media contact
Amaury Dugast, Press relation
Tel.: +33 (0)1 53 67 36 74
adugast@actus.fr

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SOURCE Ekinops

FAQ

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How much did Ekinops revenue grow in Q3 2026?

Ekinops generated €31.9m in Q3 2026 revenue, up 43% from Q3 2025 and 4% from Q2 2026. Growth at constant scope and exchange rates was 42%. The figures are unaudited.

What is Ekinops targeting for full-year 2026 revenue growth?

Ekinops now targets high single-digit growth for FY 2026, compared with single-digit growth previously. The company links the higher target to business momentum across both business lines, North American momentum and first deployments under its framework agreement with Proximus.