NOS stock gained 0.66 percent on October 2 as profit rose

Published on 10/04/2026 at 23:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income climbed 34.1 percent to EUR 77.5 million, while revenue stayed at EUR 458.3 million. NOS stock also carries a Neutral consensus from 13 analysts.

Aquarellmalerei der Skyline von Lissabon mit Tejo-Fluss und Brücke bei Sonnenuntergang — Aquarellansicht von Lissabon illustriert Heimatmarkt von NOS SGPS SA, ISIN PTZON0AM0006, im portugiesischen Telekommunikationssektor, Illustration mit AI erstellt.

NOS (ISIN PTZON0AM0006) stock gained 0.66 percent to EUR 5.37 on Euronext Lisbon on October 2, 2026. The move followed a second-quarter profit increase that has made cost control and cash generation central to the investment case.

Profit outpaced revenue

According to XTB on September 24, 2026, NOS reported second-quarter revenue of EUR 458.3 million, EBITDA of EUR 206.0 million and net income of EUR 77.5 million.

The revenue figure was stable, while net income rose 34.1 percent in the second quarter of 2026. That gap points to operating efficiency as the immediate earnings driver rather than top-line expansion.

Efficiency supports cash generation

XTB said second-quarter free cash flow increased 120 percent to EUR 83.3 million, while capital expenditure fell 8.2 percent. The company also completed next-generation fiber coverage in 100 percent of Portuguese municipalities, according to the same September 24 analysis.

For the next reporting cycle, the key question is whether lower infrastructure spending can keep supporting cash flow while competition limits pricing power. XTB identified the Portuguese telecommunications market as a central risk because competitive pressure can constrain customer growth and price increases.

Consensus stays Neutral

Investing.com lists a Neutral consensus from 13 analysts, including 4 Buy, 6 Hold and 3 Sell ratings. The average 12-month price target is EUR 4.962, with a high estimate of EUR 6.5 and a low estimate of EUR 3.5.

The consensus target is below the October 2 price of EUR 5.37, making the latest earnings improvement important for any re-rating discussion. Investing.com lists November 3, 2026 as the next earnings date, giving investors a defined checkpoint for margins, cash flow and customer trends.

The 52-week span is EUR 3.60 to EUR 5.71

NOS stock was last at EUR 5.37 on Euronext Lisbon on October 2, 2026, with a 52-week range of EUR 3.60 to EUR 5.71. The company had a market capitalization of EUR 2.8 billion and volume of 389,418 shares on that date.