NKT stock slips 2.78 percent below its yearly high

Published on 09/24/2026 at 19:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NKT stock traded at DKK 909.50 on September 24, 2026, while Q2 revenue reached EUR 947 million. EPS came in at EUR 0.93 versus EUR 0.92 forecast.

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NKT stock (ISIN DK0010287663) stood at DKK 909.50 on Nasdaq Copenhagen on September 24, 2026, down 2.78 percent from the previous close. The cable maker delivered Q2 2026 revenue of EUR 947 million and EPS of EUR 0.93 versus a EUR 0.92 forecast.

Quarterly figures beat the forecast

The earnings comparison is modest but positive. According to Investing.com, NKT reported EUR 947 million in revenue for the August 13, 2026 release, exceeding the EUR 0.92 EPS forecast with reported EPS of EUR 0.93.

Finance data show Q2 revenue of EUR 946.86 million and net income of EUR 50.99 million for the quarter ended June 30, 2026. Q1 revenue was EUR 863.77 million, putting the sequential increase at 9.6 percent and making volume execution the more important signal than the daily share move.

Guidance sets the next benchmark

NKT updated its 2026 revenue guidance to EUR 2.65 billion to EUR 2.75 billion, compared with the previous EUR 2.63 billion to EUR 2.78 billion range, according to Simply Wall St. The narrower range shifts attention toward delivery against the midpoint of EUR 2.70 billion.

Analyst coverage has also moved higher. MarketScreener reported on September 1, 2026 that DNB Carnegie raised its price target from DKK 1,090 to DKK 1,135 and reiterated its Buy rating. The target is 24.8 percent above the September 24 price.

Stock sits below the yearly high

NKT stock remains 19.9 percent below its 52-week high of DKK 1,135, while the 52-week low is DKK 609. The valuation debate therefore centers on whether the updated guidance and quarterly execution can support a return toward the upper end of that range.