FPT stock: FPT reports 9-month growth. Vietcap cuts target to VND 77,800 for FPT stock

Published on 10/23/2026 at 01:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month revenue reached VND 40,023 billion, up 12.4 percent. FPT stock saw Vietcap cut its target to VND 77,800 on October 16, 2026.

Growth and valuation signals

FPT reported VND 40,023 billion of nine-month revenue on October 21, 2026.
AI and Data Analytics revenue reached VND 2,915 billion, up 55 percent in the first nine months of 2026.
Vietcap cut its FPT target to VND 77,800 on October 16, 2026.

FPT, VN000000FPT1, Illustration mit AI erstellt.

FPT reported VND 40,023 billion in revenue for the first nine months of 2026, up 12.4 percent year over year, while profit before tax rose 17.0 percent to VND 8,770 billion on October 21, 2026, according to FPT. The release also showed a shift toward higher-value technology work, but a recent analyst target cut keeps valuation in view.

Results keep double-digit growth

Profit after tax attributable to parent-company shareholders reached VND 7,778 billion, up 13.3 percent, while earnings per share increased 12.8 percent to VND 4,142 for the first nine months of 2026. The Technology segment generated VND 35,515 billion in revenue, up 14.8 percent, and VND 5,052 billion in profit before tax, up 16.6 percent, according to VnEconomy.

Chronology is clear. On October 16, 2026, Vietcap cut its target by 5.0 percent to VND 77,800. On October 21, 2026, FPT reported VND 40,023 billion of nine-month revenue. On the same date, FPT disclosed 16 projects worth more than USD 10 million each in the first nine months, with new Global IT Services contract value up 23.1 percent.

What does AI growth add?

AI is becoming a measurable growth stream rather than only a strategic label. Revenue from AI and Data Analytics services reached VND 2,915 billion in the first nine months of 2026, up 55 percent year over year, while overseas digital-transformation revenue rose 16.3 percent to VND 14,411 billion, FPT said. Domestic IT Services delivered VND 6,977 billion of revenue, up 29.8 percent, and profit before tax of VND 542 billion, up 108.5 percent.

For investors, the counterweight is the slower medium-term outlook in Vietcap's October 16, 2026 research. The firm forecast parent-attributable profit growth of 14.0 percent annually from 2026 to 2029, compared with 22.0 percent from 2021 to 2024, and cited weaker education performance and global IT valuation pressure as risks.

Stock stays under valuation review

FPT closed at VND 57,400 on HOSE on October 22, 2026. That level remains below Vietcap's VND 77,800 target, while the latest operating figures show that domestic IT and AI-related services are growing faster than the group total.

FPT stock last closed at VND 57,400 on HOSE on October 22, 2026.