Atea reported rapid growth in sales and profitability in the second quarter of 2026, driven by strong demand for hardware and software.
Gross sales in Q2 increased by 12.5% to NOK 18.9 billion. All sales growth was organic. Hardware sales grew by 21.2% and software/cloud sales grew by 11.7%, while services sales were 4.7% lower than last year.
Currency fluctuations had a negative impact of 5.8% on sales growth, as sales in foreign currencies were translated to a stronger Norwegian krone compared with last year. Adjusted for changes in currency rates, organic sales growth in constant currency was 19.4%.
Net revenue (IFRS) grew by 14.1% to NOK 10.4 billion. Atea's gross margin was 27.6% in Q2 2026, down from 30.4% last year, due to an increased proportion of hardware in the revenue mix. Operating expenses grew by 1.8% to NOK 2,553 million. The average number of full-time employees increased by 167 (2.1%) from last year.
Based on strong sales performance and low growth in operating costs, EBIT in Q2 2026 increased by 19.2% to NOK 320 million. Profit before tax increased by 39.7% to NOK 283 million. Net profit after tax was NOK 218 million, compared with NOK 157 million last year.
Atea CEO Steinar Sønsteby commented: "Atea delivered another strong quarter in Q2 2026, with growth driven by the same factors that supported performance in Q1. Customer investment in IT remains healthy, with particularly strong demand in the datacenter segment. Sales growth also benefited from higher hardware prices, which have prompted some customers to accelerate purchases ahead of further expected increases. Supported by solid demand, rising prices, and a high order backlog, we expect sales and profit growth to remain strong in the third quarter, broadly in line with the trends seen during the first half of the year."
The interim report and presentation are available at:
www.atea.com/financial-reports/
A webcast of management's presentation of the financial results is available at:
www.atea.com/financial-reports/2026/webcast-q2-26/
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188
About Atea
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic regions. Atea is present in 88 cities with over 8,000 employees in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware and software from leading global vendors, and provides consulting and technical services to support its customers with the design, implementation and operation of their IT environments. Atea had revenue of approximately NOK 37 billion (EUR 3.2 billion) in 2025 and is listed on Oslo Stock Exchange. www.atea.com