Northern Data Group Adjusts FY 2026 Revenue Projections Upward

Northern Data AG, a prominent entity in AI and High-Performance Computing (HPC), has released its financial results for Q3 2026 and updated its revenue forecast for the entire year. The company's Q3 2026 revenue reached approximately EUR 59 million, significantly higher than the EUR 8 million recorded in Q3 2025. Adjusted EBITDA for the same quarter was about EUR 34 million.

The cash balance stood at roughly EUR 24 million as of September 30, 2026, down from EUR 40 million at the end of June. The company revised its FY 2026 revenue outlook to a range of EUR 190 million to EUR 210 million, an increase from the previously estimated EUR 170 million to EUR 190 million. This revision is attributed to better pricing and sustained GPU estate utilization.