Q2 2026: KONGSBERG delivers a strong second quarter with increased revenue and solid profitability

13 July 2026 ¬– KONGSBERG (OSE:KOG) increased revenues by 31 per cent to NOK 10,389 million in the second quarter of 2026, compared to the corresponding quarter last year. Profitability improved, driven by higher volumes and strong project execution across the company’s three divisions.

“Strong demand for KONGSBERG’s technology and solutions, combined with good progress in key projects, contributed to a strong second quarter. Revenues increased by more than 30 per cent, while operating profit grew by nearly 50 per cent to NOK 1.7 billion,” says Eirik Lie, President and CEO of KONGSBERG.

Highlights and key figures, first quarter 2026: • Revenues of NOK 10,389 million, compared to 7,915 million in the same quarter last year, which is an increase of 31 per cent. • EBIT of NOK 1,669 million, corresponding to an EBIT margin of 16.1 per cent, compared to NOK 1,121 million (14.2 per cent) in the same quarter last year. • Order intake of NOK 17,067 million, compared to 11,188 million in the same quarter last year. • Continued growth in order backlog, which reached NOK 157,540 million.

Strong order intake across divisions The majority of the order intake in the quarter was related to the Joint Strike Missile (JSM). Three separate JSM contracts were signed during the quarter, while activity remained high across products and divisions. “The quarter saw several significant contract awards, as well as increased sales to the United States and Germany, while Canada became the sixth nation to select the missile,” says Lie.

Canada also announced its decision to enter negotiations with Norway and Germany regarding the acquisition of 212CD submarines. KONGSBERG is a key partner in the programme and the supplier of the combat system onboard.

Belgium recently announced its selection of NASAMS. During the quarter, a major agreement valued at approximately USD 400 million was also announced with Raytheon for the delivery of NASAMS air defence systems to Kuwait. The contract will be included in order intake once formalised.

Increasing demand from allied nations KONGSBERG’s market-leading products within missiles, air defence and remote weapon stations address some of the most critical defence challenges facing nations today.

“We are experiencing growing interest in security both below the sea surface and in space, areas where KONGSBERG is well positioned. During the quarter, we signed a contract with an undisclosed international customer for the monitoring and protection of critical subsea infrastructure,” says Lie.

On 9 June 2026, KONGSBERG completed the acquisition of California-based missile company Zone 5 Technologies. The acquisition supports the company’s ambition to expand its existing missile portfolio with complementary products, including solutions addressing demand for mass-produced missiles. The investment strengthens KONGSBERG’s presence in the United States and creates opportunities for expansion into additional markets.

Ambitions and order backlog At the end of the second quarter, KONGSBERG’s order backlog was NOK 157,540 million, an increase of NOK 5,565 million during the quarter and NOK 40,932 million compared to the second quarter of 2025. The order backlog extends over multiple years and provides a high degree of visibility.

“KONGSBERG has an ambition to increase revenues to NOK 100 billion by 2029 and NOK 150 billion by 2033. The order backlog and market developments we have seen in the second quarter, position us well to realise these ambitions. KONGSBERG continues to deliver critical products and systems that strengthen national security and help safeguard sovereignty in a world that remains characterised by uncertainty and rapid change,” says Lie.

KONGSBERG would like to invite analysts and investors to a Q&A-session with management today, July 13, at 14:00 CEST. Registration for the webcast can be done via the following link: https://events.teams.microsoft.com/event/cbdd5518-747f-47fa-b5f2-7cc8da38c30a@7e5d7b0e-4338-4c04-a1b8-5301eba98efc

KONGSBERG (OSE ticker: KOG) is an international technology and defence company that delivers critical products and solutions in defence, security and surveillance on land, underwater and in space. KONGSBERG has approximately 7 800 employees in 20 countries and had a total revenue of NOK 32.8 billion in 2025.