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SES reports €870M Q3 revenue, boosts 2026 EBITDA forecast to €1.5B on strong backlog and cost cuts

Analyst Insights
13 Nov 2026, 12:52 WIB
Seeking Alpha
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Bullish
SES reports €870M Q3 revenue, boosts 2026 EBITDA forecast to €1.5B on strong backlog and cost cuts

SES posted €870 million in revenue for Q3 and an adjusted EBITDA of €413 million, driven by lower operating costs and contract restructuring revenue. The company secured €5.8 billion in new business and renewals in the first nine months, increasing its backlog to €10 billion. Reduced investment needs for IRIS² and progress on US C-band clearance add potential shareholder value. SES raised its 2026 EBITDA forecast to €1.5 billion, reflecting strong future earnings potential and supporting a Strong Buy rating.

SES S.A. and its Q3 performance provide context for readers. For those tracking Technology-sector US stocks on Pluang, 63 rose and 71 fell out of 150 priced stocks. Notable movers include CORZ at USD 14.04 with a 2.36% decline and GPRO at USD 0.69 with a 2.22% gain. Data is as of Nov 13, 2026 16:21 WIB.

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