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Scandinavian electronics manufacturer Kitron delivered stronger-than-expected second-quarter results, driven by robust demand from the defense and aerospace sector and continued customer efforts to strengthen supply chain resilience.
The company reported second-quarter revenue of EUR 295.7 million, beating the EUR 274.5 million consensus forecast compiled from six analysts. Revenue also surged 72% year over year, highlighting strong momentum across its business.
Kitron’s operating profit reached EUR 28.3 million, exceeding analysts’ expectations of EUR 27.17 million. The company posted an operating margin of 9.6%, reflecting improved profitability alongside higher sales.
Net income for the quarter came in at EUR 21.4 million, while its order backlog stood at EUR 794.3 million at the end of the reporting period, providing solid visibility for future revenue.
The company attributed its strong financial performance primarily to accelerating demand in the defense and aerospace market. Kitron added that every one of its business segments recorded growth compared with the same quarter last year, underscoring broad-based expansion across its operations.
Chief Executive Officer Peter Nilsson said the company continues to benefit from customers shifting their supply chain strategies. Instead of focusing solely on minimizing costs, many customers are increasingly prioritizing resilience, reliability, and the origin of manufacturing, creating favorable conditions for Kitron’s business.
Looking ahead, Kitron reaffirmed its full-year 2026 outlook. The company continues to expect revenue to range between EUR 900 million and EUR 1.05 billion, while operating profit is projected to come in between EUR 84 million and EUR 108 million.
Management also indicated that current business performance is tracking toward the upper end of both the revenue and operating profit guidance ranges, reflecting sustained demand and a healthy order pipeline.
The better-than-expected quarterly earnings, expanding defense and aerospace business, and stable outlook reinforce Kitron’s positive growth trajectory as customers continue investing in resilient electronics manufacturing and diversified supply chains.
