Kongsberg Q1 revenues rise 26% on strong demand and activity

Norwegian defence company Kongsberg has recorded a 26% increase in revenues in the first quarter of 2026 (Q1 FY26), reaching Nkr9.2bn ($992.6m), according to figures released on 6 May 2026.

The company attributed this performance to the high activity levels and strong demand.

During the quarter, Kongsberg’s earnings before interest and tax (EBIT) rose 55% year-on-year to Nkr1.54bn, with the EBIT margin reported at 16.6% for the period.

Order intake for the quarter reached Nkr27bn, more than doubling from Nkr13bn in the same period last year, representing a 107% rise.

The company attributed this growth to increased orders for weapon stations and counter-drone systems amid ongoing conflicts, including those in Ukraine and the Middle East.

Kongsberg also registered its largest single contract of the quarter with a Nkr16bn agreement to supply counter uncrewed aerial systems (C UAS) to Poland.

The order backlog increased by Nkr17.06bn during the quarter, bringing the total to Nkr151.98bn.

In maritime and defence, Kongsberg, together with Salt Ship Design, won contracts to design standardised vessels for the Royal Norwegian Navy and the Canadian Coast Guard.

Kongsberg president and CEO Eirik Lie said: “I am proud to present strong results for the first quarter, with high revenue growth and solid margins. Order intake ended at NOK 27 billion, and the order backlog now stands at NOK 152 billion.

“In a global environment characterised by conflict and rising geopolitical tensions, Kongsberg’s role as a critical supplier to the security of allied nations has never been more important.”

In February this year, Kongsberg confirmed that it will move ahead with its plans to separate Kongsberg Maritime into an independent publicly traded company.