Kraken Robotics stock gains 4.60 percent on Q2 outlook

Published on 10/05/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kraken Robotics stock traded at CAD 4.32 on October 5, 2026, while Q2 revenue reached CAD 27.3 million. RBC initiated coverage with a CAD 6.00 target on September 15.

PNG, CA50077N1024, Illustration mit AI erstellt.

Kraken Robotics (ISIN CA50077N1024) was trading at CAD 4.32 on the TSX Venture Exchange on October 5, 2026, at 11:11 a.m. ET, up CAD 0.19 or 4.60 percent from the prior close of CAD 4.13. The company’s Q2 2026 results showed revenue of CAD 27.3 million and adjusted EBITDA of CAD 5.0 million, according to Maritime News on September 28, 2026.

Q2 revenue sets the operating base

The figures cover the quarter ended June 30, 2026, and the company maintained 2026 guidance for revenue of CAD 290 million to CAD 320 million and adjusted EBITDA of CAD 65 million to CAD 75 million, Maritime News reported on September 28, 2026.

The Q2 revenue figure was paired with an adjusted EBITDA margin of 18 percent. The earnings call transcript said the margin would have been 20 percent excluding a CAD 1.5 million integration-project scope impact, while adjusted EBITDA growth on that basis reached 26 percent, according to Yahoo Finance on September 18, 2026.

Covelya changes the next comparison

The Q2 report predates the July 2, 2026, closing of the Covelya acquisition, so the quarter did not include Covelya revenue. The next quarterly report is scheduled for November 24, 2026, and will be the first period showing the combined business, according to Yahoo Finance.

Demand indicators also expanded during the year. Kraken and Covelya had combined announced 2026 product orders of CAD 355 million, including more than CAD 27 million in additional orders and a long-term subsea battery supply agreement, Maritime News reported on September 28, 2026.

Analysts split on valuation pace

RBC Capital initiated coverage on September 15, 2026, with an Outperform rating and a CAD 6.00 price target. Against the CAD 4.32 reference price, the target lies 38.9 percent above the price, according to Investing.com.

Raymond James retained an Outperform rating but cut its target from CAD 11.00 to CAD 8.00 on August 28, 2026, as reported by Boerse Express on September 17, 2026. The contrast places integration execution and the conversion of orders into revenue at the center of the next update.

Stock remains near its yearly low

At CAD 4.32 on the TSX Venture Exchange on October 5, 2026, Kraken Robotics stock was CAD 0.27 above its 52-week low of CAD 4.05 and 59.7 percent below its 52-week high of CAD 10.72. Market capitalization stood at CAD 1.3 billion, with 549,209 shares traded at the same timestamp.