FPT reports VND 40,023 billion revenue: Vietcap cuts target for FPT stock
Published on 10/21/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSResults and expansion milestones
- FPT reported VND 40,023 billion in revenue and VND 8,770 billion in pretax profit on October 21, 2026.
- FPT and Quandela signed a two-year quantum technology memorandum on October 19, 2026.
- FPT stock closed at VND 57,400.00 on HOSE on October 20, 2026.
FPT Corporation (ISIN VN000000FPT1) reported VND 40,023 billion in revenue and VND 8,770 billion in profit before tax for the first nine months of 2026, increases of 12.4 percent and 17.0 percent year on year. The company said the figures in its FPT report published on October 21, 2026, included VND 7,778 billion in profit after tax attributable to shareholders and earnings per share of VND 4,142, up 13.3 percent and 12.8 percent.
Growth is concentrated in technology
The Technology segment remained the main earnings engine in the first nine months of 2026, producing VND 35,515 billion in revenue and VND 5,052 billion in profit before tax. Those figures rose 14.8 percent and 16.6 percent year on year, while the segment contributed 89 percent of group revenue and 58 percent of profit before tax, according to FPT.
The strongest operating contrast came from newer digital services. AI and Data Analytics revenue reached VND 2,915 billion, up 55 percent year on year, while domestic information technology profit before tax increased 108.5 percent to VND 542 billion. Education, Investment and Other revenue fell 3.1 percent to VND 4,508 billion, although its profit before tax rose 17.6 percent to VND 3,719 billion.
What does the growth mean for expansion?
FPT's recent expansion combines commercial scale with longer-term technology development. On October 14, 2026, the company opened a Cairo nearshore center and planned to grow its Egyptian workforce to approximately 200 employees within two years, as MarketScreener reported.
On October 19, 2026, FPT and Quandela signed a two-year memorandum covering quantum research, cloud computing, education and talent development. The agreement adds a research-oriented element to FPT's AI and data expansion, while the nine-month results show that AI and Data Analytics already grew 55 percent year on year, according to Quandela.
Analyst target reflects slower growth
On October 16, 2026, Vietcap cut its FPT target price by 5 percent to VND 77,800 per share and maintained its Buy rating. The research house cited lower global IT and education valuations, partly offset by a 26 percent higher domestic IT equity value, according to Vietcap. The report projected 2026 net profit attributable to minority interests of VND 10,755 billion, up 15 percent year on year, while identifying IT spending, AI adoption, competition and associate contributions as upside or downside factors.
Recent milestones and dates
On October 19, 2026, FPT and Quandela announced the two-year quantum memorandum. On October 14, 2026, FPT opened the Cairo center with a two-year workforce goal of 200 employees. On October 21, 2026, FPT reported nine-month revenue of VND 40,023 billion and profit before tax of VND 8,770 billion.
The latest substantiated reporting date was October 21, 2026, when FPT published its nine-month results. The next dated company event identified in the reviewed material is October 19, 2026, the Quandela memorandum, which has already taken place.
HOSE close remains the market reference
FPT closed at VND 57,400.00 on HOSE on October 20, 2026. The combination of 17.0 percent profit before tax growth and 55 percent AI and Data Analytics growth gives the results a clear operating contrast, while Vietcap's 5 percent target cut highlights the valuation pressure attached to slower medium-term forecasts.
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