Elmos stock slips as strong Q3 growth leaves 2026 outlook intact

Elmos reported stronger third-quarter operating figures on Tuesday, November 10, 2026, while keeping its full-year targets unchanged. The company said demand for its automotive and other analog mixed-signal chips remained high.

According to the EQS News release, third-quarter sales increased 18.4 percent year over year to 166.7 million euros. Operating EBIT rose 29.2 percent to 41.0 million euros, lifting the operating EBIT margin to 24.6 percent from 22.5 percent a year earlier.

Cash Flow Strengthens The Setup

For the first nine months, sales reached 481.2 million euros, an increase of 16.4 percent. Operating EBIT rose 33.6 percent to 116.8 million euros, while the operating EBIT margin reached 24.3 percent.

Operating adjusted free cash flow increased 60.9 percent to 87.8 million euros in the nine-month period. Elmos said the operating measure excludes cash effects from the settlement of long-term incentive awards. The company also noted that accounting effects from the change to cash settlement are excluded from operating results, making the adjusted indicators central to its guidance.

Guidance Remains Unchanged

Elmos confirmed its 2026 targets for sales growth of 12 percent plus or minus 2 percentage points and an operating EBIT margin of 23 to 26 percent. The company expects capital expenditure at around 5 percent of sales and operating adjusted free cash flow at 19 percent plus or minus 2 percentage points of sales.

Elmos stock traded at 114.00 euros on Lang & Schwarz at 17:05 CET on Tuesday, November 10, 2026, 5.47 percent below the Xetra close of Monday, November 9, at 120.60 euros. Compared with the 126.10 euros quoted at 08:40 CET in the earlier report, the stock was 9.60 percent lower.

German equities set the broader backdrop for Elmos stock.

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