Ekinops sees Q3 optical boost but faces component supply constraints
Key Highlights
- Third-quarter revenue increased 43% year over year to €31.9 million and 4% sequentially.
- North American revenue rose 32%, while European revenue increased 2%, with Optical Networks sales supporting both regions.
- Connectivity & SASE Networks grew 10% over nine months, and Olfeo contributed €1.8 million in quarterly revenue.
- Ekinops raised its fiscal 2026 outlook to high-single-digit growth, citing momentum across business lines and initial Proximus deployments.
- Supply and pricing constraints affecting electronic components may cause delivery volatility in the coming months.
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Here’s other news on Ekinops:
- Ekinops’ Q2 rises on strong optical networks, software sales
- Ekinops Q1 revenue up 8% on strong SASE, software growth
- Ekinops’ Q4 cloud gains offset by year-over-year access, optical declines
- Ekinops taps former TrustBuilder, Corero exec Lionel Chmilewsky as its new CEO
- Ekinops’ CEO departs amidst Q3 revenue decline and challenging outlook
Ekinops is on a high-revenue path, with the optical unit continuing to dominate into the third quarter, with growth in both Europe and North America.
Driven by sustained sales growth in Europe (excluding France), the optical division saw positive business momentum initiated in North America in the first half of the year continue throughout the period.
European revenue was up 2%, with strong growth in Optical Networks solution sales offsetting the decline in connectivity business over the period.
Likewise, North America, which makes up 22% of the company’s revenue, rose 32%, supported by sustained growth in Optical Networks solution sales and a doubling of business volume in the Connectivity & SASE Networks segment.
Meanwhile, Software & Services sales accounted for 21% of the Group’s revenue over nine months, compared with 23% over the same period a year earlier.
However, the vendor faces challenging headwinds.
Ekinops has been facing supply and price constraints affecting certain electronic components. “These pressures have led some customers to bring forward certain orders originally expected at year-end, placing them during the summer, to avoid potential shortages or price increases,” the company said. “These constraints could make deliveries over the coming months more volatile.”
Connectivity and SASE momentum
Driven by Olfeo’s contribution during the third quarter, as well as solid business momentum in North America, the Connectivity & SASE Networks segment grew 10% over nine months in 2026.
Ekinops noted that these results confirmed “the solid opportunity pipeline and sustained business momentum” in the market.
Olfeo, which it acquired in 2025, contributed €1.8m to quarterly revenue, while Chimere continues to make what Ekinops says is “a non-material contribution.”
Finally, cybersecurity activities, included within the Connectivity & SASE Networks solutions portfolio, account for 6% of Ekinops’ total nine-month revenue.
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Enhancing channels, product roadmaps
With its Bridge strategy in place, which aims to consolidate its leadership in fast-growing market segments for Access and Optical Transport product lines, Ekinops is advancing its go-to-market strategy by implementing indirect sales.
Ekinops said it is in “advanced discussions with integrators, distributors and resellers, which are expected to result in the signing of one or more agreements by year-end, across all its regions and portfolio.”
A key focus for optical and software is to enhance its product offerings. Ekinops is developing its future PTM (Photonic Transport Modular) product line for the DCI (Data Center Interconnect) market, as well as its sovereign SASE (Secure Access Service Edge) solutions.
The company said, “Initial deliveries remain scheduled for year-end, in line with the planned timeline.”
Plotting future growth
Driven by gains in optical and software, Ekinops’ third-quarter revenues rose 43% year-over-year to 31.9 million and 4% sequentially.
Sales were also up 13% over nine months.
For Fiscal Year 2026, the company raised its outlook to high single-digit growth, up from single-digit growth previously.
Ekinops said that its outlook is driven “by positive business momentum across all business lines, strong momentum in North America, and the first deployments under the framework agreement with Proximus.”
For related articles, visit the Business Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.
About the Author
Sean BuckleySean Buckley
Sean is the Editor-in-Chief of Lightwave. He establishes and executes Lightwave's editorial strategy across its website, email newsletters, events, and other information products. Before coming to Lightwave in July 2023, he served as editor of Broadband Communities. Earlier, he served as senior editor of FierceTelecom and the editor of the former Telecommunications Magazine. He got his start in the optical industry in 1998 when he became the editor of enterprise and optical networks at Information Gatekeepers. He has a BA in English from the University of Massachusetts, Boston, and lives in Dracut, Mass, with his wife, two sons, and his cat, Dove.
