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    Will 2027 Revenue Drop Change Aker Solutions Stock Narrative

    Simply Wall St·11/10/2026 23:41:22
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    • Aker Solutions reported nine month 2026 revenue of NOK 13,464 million and net income of NOK 697 million, and guided full year 2026 revenue between NOK 53 billion and 55 billion, with an expected 2027 reduction to NOK 35 billion to 40 billion.
    • The combination of softer year to date earnings and management’s plan for a smaller 2027 top line points to a business facing near term volume pressure, at the same time that it has been broadening into carbon capture, offshore wind, hydropower and other low carbon work.
    • We will now explore how Aker Solutions' investment narrative could shift, given management's 2027 revenue guidance pointing to a smaller business.

    Scan how Aker Solutions' shifting revenue guidance compares with other contractors facing similar volume questions by reviewing the curated list of solid balance sheet and fundamentals (194 results).

    Aker Solutions Investment Narrative Recap

    To own Aker Solutions, you need to be comfortable with a contracting business where the near term story is about replacing rolling off oil and gas construction with lower carbon and Life Cycle work. The analyst consensus Narrative on Simply Wall St already flagged that earnings and revenue are forecast to decline, and the new 2027 guidance reinforces that picture rather than changing it.

    The most important short term catalyst is how quickly newer CCS, offshore wind and hydropower mandates move into full execution, because that is what can offset the guided step down in activity. The biggest risk remains volume and margin pressure if legacy renewables issues linger and the low carbon pipeline does not fill the 2027 revenue gap.

    The fresh earnings update for the nine months to 30 September 2026 puts numbers around that risk. Sales and revenue for the period were lower than a year earlier and net income was NOK 697 million compared with NOK 872 million. The business is already operating with softer throughput as large oil and gas work winds down.

    For you as a shareholder, that matters because the next leg of the story is about execution quality rather than just order wins. Progress on turning CCS, offshore wind and hydropower wins into higher margin, recurring Life Cycle work could act as a support for earnings, while any delay in resolving legacy contracts or in converting the backlog would keep near term profit pressure in focus.

    Aker Solutions' current earnings are NOK 3.2b and analysts project revenue of NOK 33.5b and earnings of NOK 1.2b by 2029, which implies a 17.3% yearly revenue decline and an earnings decrease of NOK 2b from the current level.

    Uncover why Aker Solutions' fair value indicates a 21% potential upside to its current price that may not last much longer.

    OB:AKSO 1-Year Stock Price Chart
    OB:AKSO 1-Year Stock Price Chart

    Exploring Other Perspectives

    Some of the most optimistic analysts focus on Aker Solutions as a cash engine rather than a shrinking contractor. Before this guidance, they were modelling around NOK 42.9b of 2029 revenue and NOK 1.7b of earnings. You can see how far that differs from consensus and decide whether this new outlook could push those forecasts closer together or further apart.

    Explore 3 other Aker Solutions fair value estimates, including one that suggests potential upside of as much as 181% from the current price.

    Reach Your Own Conclusion

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so consider forming your own view.

    Looking For More Investment Ideas Beyond Aker Solutions?

    If the Aker Solutions story leaves you wanting a broader watchlist, it can help to line it up against other companies with different risk, income and valuation profiles using the Simply Wall St Screener.