EQS-Adhoc: Northern Data Group reports Q3 2026 and raises its FY 2026 revenue outlook communicated on 17 June 2026

Summary by AI BETAClose X

Northern Data reported Q3 2026 revenue of approximately EUR 59 million (Q3 2025: EUR 8 million) and Q3 2026 adjusted EBITDA of approximately EUR 34 million; cash and cash equivalents decreased to approximately EUR 24 million as of 30 September 2026 (30 June 2026: EUR 40 million). The company raised its FY 2026 revenue outlook to EUR 190–210 million from EUR 170–190 million, citing improved pricing dynamics and continued high GPU utilization. The results show a strong revenue and margin recovery while liquidity has materially declined quarter-on-quarter.

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