mwb research keeps EUR 35 target for Kontron stock

Published on 10/20/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 5.65 percent to EUR 373.36 million. Kontron stock costs EUR 20.08 on October 20, 2026 versus the EUR 20.02 Xetra close.

Defense production and target update

mwb research maintained a EUR 35.00 target after its October 19, 2026 conference assessment.
Kontron completed a buyback of 1,431,736 shares on September 30, 2026.
Kontron stock was trading at EUR 20.08 at 10:31 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.30 percent above the Xetra close of October 19, 2026.
Kontron scheduled its third-quarter statement for November 5, 2026.

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Kontron stock was trading at EUR 20.08 at Lang & Schwarz on October 20, 2026, at 10:31 a.m. CEST, up 0.30 percent on the Xetra comparison. The latest market catalyst is an October 19 assessment from mwb research, which reaffirmed a Buy rating and a EUR 35.00 price target after a defense and security conference, as 4investors reported.

Defense production adds a concrete angle

Kontron announced on October 12, 2026, that its rugged VX307H 3U VPX computing platform had entered U.S. production at Nextek in Huntsville, Alabama. The company also shifted the product from build-to-order to build-to-stock, a move designed to improve availability for defense customers, according to Kontron.

That operational step complements the analyst case. The VX307H supports up to 20 processor cores and up to 100 Gigabit Ethernet, while Kontron said the follow-on VX3060 and VX30101 models are planned for the same broader U.S. manufacturing strategy.

What does the EUR 35 target imply?

At EUR 20.08, the mwb research target stands 74.30 percent above the Lang & Schwarz price, calculated from the two euro values. The same report expects defense revenue of more than EUR 200 million in 2026 and an EBITDA margin of around 20 percent, while it says backlog conversion should improve from 2027, according to 4investors.

Three dated developments

On September 30, 2026, Kontron said it had received a EUR 126 million payment linked to the deconsolidation of its module business, as Kontron announced. On October 5, 2026, the company disclosed that it had completed its buyback with 1,431,736 shares, equal to 2.24 percent of share capital, for EUR 30.06 million, according to Kontron. The October 19, 2026 mwb research target of EUR 35.00 is the latest of the three developments.

Next dates include November 5

Kontron's investor calendar lists November 5, 2026, for the third-quarter statement and November 10, 2026, for the Paris and Brussels roadshow, according to the company's investor-relations page.

Revenue sets a tougher comparison

For the quarter ended June 30, 2026, revenue was EUR 373.36 million, down 5.65 percent from EUR 395.70 million a year earlier. Earnings per share fell to EUR 0.34 from EUR 1.12, according to finanzen.net. The comparison gives the November report a clear test: whether defense production, railway projects and the cash inflow begin to offset the weaker quarterly earnings base.

Stock stays near EUR 20.00

Kontron was trading at EUR 20.08 at Lang & Schwarz on October 20, 2026, at 10:31 a.m. CEST, 0.30 percent above the Xetra close of October 19, 2026, at EUR 20.02. The primary listing is on Xetra, and the company is included in the SDAX and TecDAX.

The further course of trading is shown by the continuously updated real-time quote of Kontron stock.