Earnings call transcript: GTT Q3 2026 order surge lifts shares 3.3%
GTT reported a 4.9% decline in revenue for the first nine months of 2026, down from €598.7 million in the same period in 2025, to €570 million. However, the company cited a surge in orders, a record-sized order book, and steady full-year guidance as positive signs for demand. GTT received 80 new orders in 2026, up from just 27 in the same period a year earlier, and ended the quarter with an order book valued at €1.85 billion, one of the highest in its history.
Despite the revenue decline, GTT shares rose 3.27% to $205, up $6.5 from the previous close of $198.5, signaling investor confidence in the company's long-term outlook. Management's outlook for LNG demand remains positive, and the company remains confident in the demand for its core membrane technology and new digital and service offerings, including the LNG Performance Centre.
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