Atea Reports 12.5% Sales Growth in Q2 2026 Driven by Hardware Demand
Atea reported a 12.5% increase in gross sales to NOK 18.9 billion in the second quarter of 2026. The growth was primarily fueled by substantial demand for hardware and software solutions.
Atea announced its financial results for the second quarter of 2026, revealing a significant 12.5% rise in gross sales, reaching NOK 18.9 billion. This expansion was entirely organic, with hardware sales showing a strong performance, increasing by 21.2%. Software and cloud offerings also contributed positively, with sales up by 11.7%.
Despite the overall positive trend, the company's services division experienced a contraction, with sales declining by 4.7% compared to the same period in the previous year. The company noted that currency fluctuations had a negative impact on reported sales growth. Sales in foreign currencies translated to a weaker Norwegian krone due to a stronger national currency.
When adjusted for currency rate changes, Atea's organic sales growth maintained a positive trajectory. The company's performance in the quarter was largely attributed to robust demand across its product categories, particularly in the hardware segment.
Atea is a major IT infrastructure provider in the Nordic and Baltic regions. The company's Q2 2026 results reflect ongoing demand for technology solutions, with hardware and software sales offsetting a dip in service revenues.