Northern Data Group Reports Preliminary Q1 2026 Results and Fiscal Year Outlook

Northern Data AG, a key player in AI and High-Performance Computing solutions, has shared its preliminary financial results for Q1 2026. The company's GPU estate utilization peaked at an allocation rate of 85% in March. Consequently, Northern Data projects Q1 2026 revenue to range between EUR 40 million and EUR 42 million, compared to EUR 40 million in Q1 2025. Adjusted EBITDA for the quarter is anticipated to be between EUR 10 million and EUR 15 million.

Looking ahead, Northern Data forecasts fiscal year 2026 revenue between EUR 130 million and EUR 150 million. As of March 31, 2026, cash and cash equivalents stood at approximately EUR 58 million, unchanged from December 31, 2025. The company also aims to enhance its liquidity by exploring asset sales and monetizing undeveloped data center sites.