Napatech A/S: Q1 2026 Financial Results
(Copenhagen, 7 May 2026) Napatech A/S (“Napatech”, OSE: NAPA) reported revenues of USD 5.7 million in Q1 2026, corresponding to DKK 36.6 million, representing 69% growth in USD and 53% growth in DKK compared to Q1 2025. Gross margin for the quarter was 70%, reflecting continued discipline in pricing, product mix, and execution.
The company’s EBITDA in Q1 2026 improved to negative DKK 18.1 million, driven by higher volumes, sustained gross margins, and continued cost control. Cash flow development was in line with expectations, and the company maintains a solid liquidity position to support ongoing operations and growth initiatives.
Commercial momentum in Q1 reflected continued progress across AI, networking, storage, cybersecurity, and fintech use cases. Napatech continues to convert its growing design‑win pipeline into revenue, supported by continued customer engagement and partner collaboration.
The company continues to meet demanding customer requirements, supporting design wins and strengthening Napatech’s position in both the Core Infrastructure and AI Infrastructure segments.
Napatech remains focused on scaling the business in line with its strategy to become a leading acceleration platform provider for the AI data center era. Based on the performance in Q1 and current visibility, the company maintains its financial guidance for 2026 unchanged:
Units sold: 8,700–10,700 Revenue: DKK 200–240 million Gross Margin: 60–70% Staff Expenses & Other External Costs: DKK 170–180 million Staff Costs Capitalized to Development: DKK 5–8 million
For more information, please see the attached report for the first quarter of 2026.
Napatech will host a webcast presentation and a conference call to discuss its first-quarter 2026 report today at 09:00 (CET). The presentation will be given by Kartik Srinivasan (CEO) and Klaus H. Skovrup (CFO).
The presentation will be delivered by webcast on:
https://events.q4inc.com/attendee/564782923
Dial-in details for the conference call are:
DK: +45 32 74 07 10 NO: +47 57 98 92 37 US: +1 646 307 1963 UK, and all other locations: +44 20 3481 4247
Access Code: 4566992
For additional information, please contact: Klaus H. Skovrup, Chief Financial Officer Phone: +45 4596 1500 E-mail: ksk@napatech.com
About Napatech Napatech is a leading supplier of programmable FPGA-based Data Processing Unit and SmartNIC solutions used in telecom, cloud, enterprise, cybersecurity, and financial applications worldwide. Through commercial-grade software suites integrated with robust, high-performance hardware, Napatech accelerates telecom, networking, and security workloads to deliver best-in-class system-level performance while maximizing the availability of server compute resources for running applications and services. www.napatech.com