Saab Results Q3 2026: Revenue, Profit and Margins
In Q3 2026, Saab’s revenue was SEK 20,553.0 million, up 29.5% from Q3 2025. Operating profit was SEK 1,945.0 million, an operating margin of 9.5% (Q3 2025: 8.7%). Net income for the period was SEK 1,432.0 million.
Saab income statement Q3 2026: where the revenue went
Of every SEK 100 of revenue in Q3 2026, SEK 9.5 was left as operating profit and SEK 7.0 as net income.
Key figures for Q3 2026
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Revenue, SEKM | 20,553.0 | 15,871.0 | +29.5% |
| Gross profit, SEKM | 4,813.0 | 3,642.0 | +32.2% |
| Gross margin | 23.4% | 22.9% | +0.5 pp |
| Operating profit, SEKM | 1,945.0 | 1,374.0 | +41.6% |
| Operating margin | 9.5% | 8.7% | +0.8 pp |
| Net income, SEKM | 1,432.0 | 975.0 | +46.9% |
| Net margin | 7.0% | 6.1% | +0.8 pp |
Saab in charts
Saab from revenue to net income, Q3 2026
Net income was SEK 1,432.0 million on revenue of SEK 20,553.0 million, a net margin of 7.0%.
What drove Saab’s operating profit
Operating profit rose from SEK 1,374.0 million in Q3 2025 to SEK 1,945.0 million in Q3 2026. The chart shows which lines of the income statement made up the change.
Saab profitability: profit margins by quarter
In Q3 2026, Saab’s gross margin was 23.4% (Q3 2025: 22.9%), operating margin 9.5% (Q3 2025: 8.7%) and net margin 7.0% (Q3 2025: 6.1%). From Q1 2023 to Q3 2026, the operating margin ranged from 7.5% (Q3 2023) to 11.8% (Q4 2025).
Saab revenue growth by quarter
Revenue was SEK 20,553.0 million in Q3 2026, up 29.5% from Q3 2025. The highest quarter from Q1 2023 to Q3 2026 was Q4 2025, with SEK 27,697.0 million.
Saab operating profit by quarter
Operating profit was SEK 1,945.0 million in Q3 2026 (Q3 2025: SEK 1,374.0 million).
Saab revenue and earnings, last twelve months
In the twelve months to the end of Q3 2026, revenue was SEK 92,867.0 million (+28.4% on a year earlier) and net income SEK 7,636.0 million.
Saab earnings per share (EPS)
Quarterly results
| Quarter | Revenue | Change y/y | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|---|
| Q3 2026 | 20,553.0 | +29.5% | 1,945.0 | 9.5% | 1,432.0 | — |
| Q2 2026 | 25,453.0 | +28.6% | 2,794.0 | 11.0% | 2,170.0 | — |
| Q1 2026 | 19,164.0 | +21.4% | 1,920.0 | 10.0% | 1,466.0 | SEK 2.67 |
| Q4 2025 | 27,697.0 | +32.8% | 3,261.0 | 11.8% | 2,568.0 | SEK 4.76 |
| Q3 2025 | 15,871.0 | +17.2% | 1,374.0 | 8.7% | 975.0 | SEK 1.78 |
| Q2 2025 | 19,786.0 | +30.4% | 1,977.0 | 10.0% | 1,536.0 | SEK 2.85 |
| Q1 2025 | 15,792.0 | +11.3% | 1,454.0 | 9.2% | 1,277.0 | SEK 2.37 |
| Q4 2024 | 20,850.0 | +29.3% | 1,953.0 | 9.4% | 1,442.0 | SEK 2.68 |
Annual results
| Year | Revenue | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | 79,146.0 | 8,066.0 | 10.2% | 6,356.0 | SEK 11.77 |
| 2024 | 63,751.0 | 5,662.0 | 8.9% | 4,210.0 | SEK 7.81 |
| 2023 | 51,609.0 | 4,272.0 | 8.3% | 3,443.0 | SEK 6.36 |
Dividends
| Financial year | Dividend per share | EPS | Payout ratio | Status | Source |
|---|---|---|---|---|---|
| 2025 | SEK 2.40 | SEK 11.77 | 20.4% | Board proposal | Release |
| 2024 | SEK 2.00 | SEK 7.81 | 25.6% | Board proposal | Release |
“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio); N/M means not meaningful (loss).
Guidance vs. actual
What Saab told investors to expect in each report, and what it then reported for the year.
| Metric | Latest guidance (report) | Actual | Outcome |
|---|---|---|---|
| Revenue growth (organic), 2025 | 20%–24% (9M '25) | — | Year in progress |
| Operating profit growth, 2025 | Up (9M '25) | 42% | In line with guidance |
| Revenue growth (organic), 2024 | 15%–20% (9M '24) | 23.4% | Above guidance |
| Operating profit growth, 2024 | Up (9M '24) | 33% | In line with guidance |
| Operating cash flow, 2024 | At least SEK 0M (9M '24) | SEK 2,497M | Within guidance |
Guidance and actuals are as the company reported them, on the same basis (for example adjusted, or growth at constant currency). “Within guidance” means the actual is inside the latest range or meets the stated minimum or maximum; an “about” figure allows ±5% (±0.5 percentage points for percentages). For a direction such as “flat”, a change of less than 2% (0.5 points for margins) counts as flat. Guidance changed in a separate release between reports is shown from the next report onwards.
Calculate it yourself
- Operating margin calculatorSaab in Q3 2026: 9.5%
- Net margin calculatorSaab in Q3 2026: 7.0%
- Gross margin calculatorSaab in Q3 2026: 23.4%
About Saab
Saab is a Swedish defence and security company that makes fighter jets, missiles, submarines, sensors and other military and civil security products.
- Saab interim report Jan–Sep 2026, published Oct 23, 2026
- Saab half-year report Jan–Jun 2026, published Jul 17, 2026
- Saab interim report Jan–Mar 2026, published Apr 23, 2026
- Saab financial statements release 2025, published Feb 5, 2026
- Saab interim report Jan–Sep 2025, published Oct 24, 2025
- Saab half-year report Jan–Jun 2025, published Jul 18, 2025
- Saab interim report Jan–Mar 2025, published Apr 25, 2025
- Saab financial statements release 2024, published Feb 7, 2025
- Saab interim report Jan–Sep 2024, published Oct 22, 2024
- Saab half-year report Jan–Jun 2024, published Jul 19, 2024
About these figures. All figures come from Saab’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.