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Ekinops Q3 2026 Revenue Report

Ekinops, a prominent player in the field of optical networks, connectivity, and SASE (Secure Access Service Edge) cybersecurity solutions, has reported robust financial performance for the third quarter of 2026. The company's revenue reached €31.9 million, showcasing a remarkable 43% increase compared to the same quarter in the previous year. This growth marks a sequential increase of 4% from Q2 2026.

The report, covering the period from July 1 to September 30, 2026, indicates that Ekinops' positive business momentum is evident across its key areas of operations. Specifically, the acquisitions of Olfeo and Chimere have significantly contributed to this success. Olfeo, consolidated into the company's financials as of June 1, 2025, added €1.8 million to the quarterly revenue, while Chimere has begun to show its potential impact, albeit on a smaller scale during this reporting period.

Overview of Revenue Performance

In terms of overall performance, Ekinops has recorded a 13% rise in revenue over the first nine months of 2026, totaling to €90.1 million, compared to the same period a year earlier.

Growth Across Different Segments

The company's growth trajectory can be attributed to double-digit advancements in both business lines within the first three quarters of 2026. In the Connectivity and SASE Networks segment, there was a 10% increase in revenue, largely propelled by the contributions from Olfeo and strong business development in North America. Notably, cybersecurity offerings, which are included under the Connectivity and SASE Networks umbrella, constituted 6% of the total revenue during the first nine months.

The Optical Networks segment displayed even more impressive growth, skyrocketing by 19% over the same period, driven primarily by sustained sales in Europe and the continued upward trend witnessed in North America.

Software and services contributed 21% to the Group’s total revenue for these nine months, though down slightly from 23% in the previous fiscal year.

Regional Performance Highlights

Ekinops experienced growth in all geographical markets. France, accounting for 43% of total revenue, noted a 15% increase, thanks to Olfeo’s contributions and strong sales of connectivity solutions. Meanwhile, sales from Europe (excluding France) made a modest gain of 2%, where growth in optical networks outweighed declines in connectivity segments.

Conversely, North America, which makes up 22% of the Group's total revenue, experienced an outstanding 32% growth. This jump can be attributed to the resilience and expansion of optical network solutions, coupled with a remarkable doubling of business volume in the SASE Networks segment. The rest of the world also saw moderate growth of 4% over nine months.

Future Outlook

Looking forward, Ekinops is targeting a high single-digit growth rate for the full fiscal year of 2026, adjusting from previous projections of single-digit growth. This change is influenced by the positive business environment across all sectors, particularly momentum in North America and ongoing deployments under a framework agreement with Proximus.

However, the company does face challenges in terms of supply chain constraints and price volatility linked to certain electronic components. These issues have encouraged customers to adjust their ordering patterns, potentially leading to fluctuations in delivery schedules.
Furthermore, Ekinops is advancing its Bridge strategic plan, focusing on the rollout of indirect sales and product diversification. Notably, the company is strategizing on its future PTM (Photonic Transport Modular) product line targeted at the Data Center Interconnect market and enhancements in its SASE offerings, with initial deliveries slated for year-end.

Ekinops continues to position itself as a competitive entity in the telecommunications sector, aligning its strategies with market needs and emerging trends, while surmounting challenges within its operational framework.