Q3 2026 overview
Gross margin remained robust at 71%, while adjusted EBITDA margin was 42%. Cash flow conversion was 78%, underscoring the strength of our highly cash generative business model.
"Strong customer demand and execution drove revenue growth of 38% year-over-year and order intake growth of 17% year-over-year, reflecting our highest ever third quarter order intake. Combined with a healthy backlog and increased visibility into the remainder of the year, we raise our full-year revenue guidance to around USD 750 million, up from around USD 700 million at Q2", said CEO Mats Hovland Vikse.
"Innovation remains at our core of our goal to provide autonomous and intelligent fulfillment. As supply chains become increasingly strategic to our customers, they are looking for solutions that improve productivity, flexibility and resilience. With today's acquisition of Logiqs we add another core technology that, over time, will bring roaming pallet AS/RS capabilities to the AutoStore platform, helping us address a broader set of needs for both new and existing customers," said Mats Hovland Vikse, CEO of AutoStore.
| Third quarter | ||||
| USD million | 2026 | 2025 | Δ in % | |
| Revenue | 192.1 | 139.0 | 38.2% | |
| Gross profit | 137.1 | 101.7 | 34.8% | |
| Gross margin | 71.3% | 73.1% | -1.8 p.p. | |
| EBIT | 54.1 | 48.6 | 11.2% | |
| Adjusted EBITDA1 | 81.3 | 65.5 | 24.2% | |
| Adjusted EBITDA margin1 (%) | 42.3% | 47.1% | -4.8 p.p. | |
| Adjusted EBIT1 | 67.1 | 53.8 | 24.6% | |
| Adjusted EBIT margin1 (%) | 34.9% | 38.7% | -3.8 p.p. | |
| Cash flow conversion1 | 78.0% | 75.9% | 2.1 p.p. | |
| Order intake | 177.6 | 152.4 | 16.5 % | |
1Alternative performance measures used in this release are described and presented in the section Alternative Performance Measures in the quarterly report.
For further information, please contact:
Hiva Flåskjer, SVP Investor Relations, AutoStore AS Telephone: +47 958 66 790 I hiva.flaskjer@autostoresystem.com
About AutoStore | www.autostoresystem.com
AutoStore combines automation, software, and AI to enable Intelligent Fulfillment across the entire lifecycle. Founded in Norway, we've grown into a global technology company delivering advanced technology that automates and orchestrates order fulfillment. Our goal is simple: to ensure orders arrive faster than ever, with minimal environmental impact - helping brands exceed customer expectations. Today, we have approximately 2,050 systems in over 68 countries and continue to grow as a global community of employees, partners, customers, suppliers, and connected technologies. Our fulfillment solutions simplify operations, and by listening closely to our community, we continuously innovate to meet the industry's most complex needs. With AutoStore, brands gain speed, efficiency, improved workplaces, and significantly more floor space.
AutoStore - moving things forward