Napatech Reports Q3 2026 Financial Results

Napatech reported record Q3 2026 revenue of $10.3 million, supported by the start of production revenue from its AI infrastructure segment. Gross margin was 55.4%, affected by a one-time pricing lag on an AI infrastructure ramp order; revised pricing is expected to take effect in Q4. EBITDA improved to near break-even from a DKK 6.1 million loss a year earlier, while operating cash flow was negative DKK 15.3 million, primarily due to backloaded invoicing. The company maintained its 2026 financial guidance unchanged.