Business · Companies · 7 hrs ago
ASELSAN third-quarter profit beats analyst expectations
Turkey’s ASELSAN reported stronger-than-expected third-quarter results for 2026.
The defense company’s revenue reached 58 billion lira, up 35% from the same quarter last year and above market expectations.
Net profit rose 81% to 11.2 billion lira, beating analysts’ forecast of 8.9 billion lira.
Operating earnings before interest, tax, depreciation and amortization reached 16 billion lira, and the company’s margin on that measure improved to 26.8%.
ASELSAN signed 14 billion dollars in new contracts in the first nine months of 2026, including 12 billion dollars in domestic orders.
Its total order backlog passed 30 billion dollars, reaching 30.7 billion in the third quarter.
For all of 2026, the company expects sales growth above 10%, a margin above 24% and investment spending over 50 billion lira.
ASELSAN reported third-quarter 2026 net profit of 11.2 billion lira, above analysts’ 8.9 billion-lira expectation.
Net profit rose 81% from 6.2 billion lira in the same quarter a year earlier.
Revenue reached 58 billion lira, exceeding the 55.1 billion-lira market expectation.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 51% year on year to 16 billion lira, above expectations of 14.4 billion lira.
The company signed 14 billion dollars in new contracts in the first nine months of 2026 and had a backlog of 30.7 billion dollars.
- Who
- ASELSAN, a Turkish electronics and defence company.
- What
- It reported third-quarter 2026 net profit of 11.2 billion lira, above analyst expectations.
- When
- The results were announced on October 27, 2026.
- Where
- Not stated.
- Why
- The increase in net profit reflected stronger operational performance and lower losses from monetary positions.
This story does not have two clearly opposing sides.
ASELSAN signed new contracts worth 14 billion dollars, including 12 billion dollars in domestic orders and 2 billion dollars in foreign orders.
The company reported revenue of 58 billion lira and net profit of 11.2 billion lira.
Bloomberg HT reported ASELSAN’s third-quarter results.
- Net profit
- 11.2 billion lira
- Net profit expectation
- 8.9 billion lira
- Revenue
- 58 billion lira
- EBITDA
- 16 billion lira
- New contracts
- 14 billion dollars in the first nine months of 2026
- Backlog
- 30.7 billion dollars