Aker Solutions ASA Stock (NO0010716582): Q1 2026 Revenue NOK 13.4B, EBITDA NOK 1.2B

Aker Solutions ASA reported first-quarter 2026 revenue of NOK 13.4 billion and EBITDA of NOK 1.2 billion, according to the company release dated April 2026. The firm guides full-year revenue around NOK 50 billion with EBITDA margins of 7.0-7.5%.

Aker Solutions ASA released its first-quarter results for 2026, posting revenue of NOK 13.4 billion and EBITDA of NOK 1.2 billion with an 8.6% margin, according to company press release dated April 2026. Order backlog stood at NOK 80.2 billion, reflecting strong secured work. During the quarter, the company sold its shares in SLB for NOK 2.5 billion, received as part of the 2023 subsea transaction.

As of: April 30, 2026

By the AD HOC NEWS Editorial Team – Equity Coverage.

At a Glance

• Name: Aker Solutions
• ISIN: NO0010716582
• Sector/Industry: Capital Goods / Oilfield Services
• Headquarters/Country: Lysaker, Norway
• Primary Exchange: Oslo Børs
• Trading Currency: NOK

How Aker Solutions ASA Makes Money: The Core Business Model

Aker Solutions ASA provides engineering and technologies for the energy industry, focusing on offshore oil and gas projects. The company delivers front-end studies, engineering, procurement, construction, and decommissioning services. Revenue stems primarily from long-term contracts with oil majors and national oil companies.

Business is structured around three main segments: Renewables & Chemicals, Oilfield Chemicals & Carbon Capture, and Life Cycle Services. Contracts often span several years, providing backlog visibility. The model relies on high utilization of engineering yards and vessel fleets in Norway and internationally.

During Q1 2026, the firm generated revenue of NOK 13.4 billion from ongoing projects, according to company press release dated April 2026. This reflects execution on secured orders in subsea and renewables.

Aker Solutions ASA's Key Revenue and Product Drivers

Key revenue drivers include subsea production systems, floating wind solutions, and carbon capture technologies. In Q1 2026, EBITDA reached NOK 1.2 billion on NOK 13.4 billion revenue, yielding an 8.6% margin, per company press release dated April 2026. Order backlog expanded to NOK 80.2 billion.

Full-year 2026 guidance projects revenue around NOK 50 billion, with underlying EBITDA margins excluding SLB OneSubsea net income at 7.0 to 7.5 percent. The SLB share sale contributed NOK 2.5 billion cash in the quarter. EPS for Q1 stood at NOK 1.31.

Subsea and renewables projects form the bulk of the backlog, supported by global energy transition demands. The company targets growth in low-carbon solutions while maintaining core oil and gas exposure.

Industry Trends and Competitive Landscape

The offshore energy services sector faces rising demand for subsea equipment and renewables integration amid energy security priorities. Offshore wind and carbon capture markets are expanding, with firms competing on execution efficiency and technology.

Aker Solutions operates in a competitive field with players focused on similar engineering services. Market activity supports strong order intake, as evidenced by the NOK 80.2 billion backlog in Q1 2026 per company release.

Trends include digitalization of assets and modular subsea systems to reduce costs. The sector benefits from sustained oil prices and policy support for net-zero transitions.

Why Aker Solutions ASA Matters to US Investors

Aker Solutions ASA trades as an ADR under ticker AKRYY on OTC markets, providing US investors access to Norwegian energy engineering exposure. The ADR closed at 8.72 USD on April 28, 2026, according to market data.

With operations serving global oil majors including US-based firms, the company derives relevance from international project exposure. Currency risk exists as primary listing is in NOK on Oslo Børs, impacting USD returns for ADR holders.

Q1 2026 results with NOK 13.4 billion revenue highlight execution amid volatile energy markets, of interest to US portfolios tracking offshore services.

Which Investor Profile Fits Aker Solutions ASA – and Which Does Not?

Investors focused on energy transition plays with offshore expertise may track Aker Solutions for its subsea and renewables backlog. The NOK 80.2 billion order book provides multi-year visibility.

Those seeking pure US-listed names or avoiding FX exposure might look elsewhere. The firm's Norway-centric operations suit profiles tolerant of commodity cycles.

Long-term holders interested in carbon capture growth could monitor progress against 2026 guidance of NOK 50 billion revenue.

Risks and Open Questions for Aker Solutions ASA

Project delays in offshore execution pose risks to margin delivery, particularly in renewables where first-of-kind deployments occur. Commodity price swings affect client capex.

Order backlog conversion depends on market activity; softening oil demand could pressure intake. The SLB sale provided cash, but future divestments remain uncertain.

Regulatory shifts in energy transition policies influence low-carbon project pipelines. FX volatility between NOK and USD impacts ADR performance.

Key Events and Outlook for Investors

Aker Solutions guides 2026 revenue at NOK 50 billion with EBITDA margins of 7.0-7.5%, per Q1 release dated April 2026. Investors watch execution on NOK 80.2 billion backlog.

Upcoming quarters will detail progress toward full-year targets amid sustained subsea demand.

What to Watch Next

• 2026 Full Year: Revenue NOK 50B guidance, EBITDA margin 7-7.5%
• Q2 Results: Backlog conversion and order intake