Mowi stock holds steady as Q2 2026 record harvest supports valuation

Mowi stock is trading close to its late-August level as investors weigh record Q2 2026 harvest volumes and revenues against a softer share performance year to date.

Mowi stock (ISIN NO0003054108) is trading at 206.60 NOK as of August 31, 2026, only 0.44% higher over the past five trading days while remaining 14.80% below its level at the start of 2026, according to data from Zonebourse.

Q2 2026 results show record volumes

According to an earnings call summary for the Mowi ASA American depositary receipt, Q2 2026 brought record harvest volumes and revenues for the salmon producer, underpinning the current valuation of Mowi stock.The Q2 2026 earnings call highlights on Yahoo Finance state that the quarter marked record harvest and revenue, with performance described as being 23% driven by these operational achievements compared with the prior-year period.

While detailed absolute figures for Q2 2026 revenue and harvest volumes are not fully listed in the summary, the indication of record levels versus Q2 2025 suggests a double-digit growth rate year on year, reinforcing Mowi's position as one of the largest global salmon producers as of Q2 2026. For investors, that growth narrative contrasts with the 14.80% year-to-date share price decline as of August 31, 2026, and highlights a gap between operational performance and market pricing.

Share performance and valuation context

The data from Zonebourse show Mowi trading at 206.60 NOK in late August 2026, down 1.29% on that trading day and 14.80% lower since the beginning of 2026, while gaining a modest 0.44% over the past five sessions.This performance overview from Zonebourse suggests that the stock has been on a subdued trajectory despite the strong operating backdrop of Q2 2026.

For comparison within the seafood sector, Bakkafrost reported group operational EBIT of 273 million Danish kroner in Q2 2026, up sharply from 65 million Danish kroner in Q2 2025, an increase of 320% according to SeafoodNews. This strong EBIT growth at a peer underscores that 2026 has generally been a robust year for leading salmon and seafood companies, even if the individual share-price responses differ.

Salmon products remain core revenue driver

Mowi generates the bulk of its revenue from farming, processing, and selling Atlantic salmon and related seafood products to retail and foodservice customers worldwide. Q2 2026 record harvest levels, as highlighted in the ADR earnings call summary, indicate that salmon volumes were particularly strong in that period and likely supported higher revenue and better utilization of processing capacity.The ADR overview and Q2 2026 call summary reinforce salmon as the companys core product and strategic focus.

Stock level heading into September 2026

With Mowi stock at 206.60 NOK as of August 31, 2026, and a year-to-date decline of 14.80% alongside a five-day gain of 0.44%, the share price sits below its early-2026 level despite the record operational performance in Q2 2026.Zonebourse data provide investors with a snapshot of this discrepancy between earnings momentum and share pricing as of the last trading day in August.

Mowi stock at a glance

• Company: Mowi ASA
• ISIN: NO0003054108
• Ticker: MOWI
• Trading venue: Oslo Stock Exchange
• Price (as of August 31, 2026, 16:20): 206.60 NOK
• Sector / Industry: Consumer Staples / Packaged Foods and Meats
• Index membership: OBX Index