Keel Infrastructure Q3 2026 Revenue Tops Estimates at $27.6M, but EPS Misses at -$0.10

Keel Infrastructure (KEEL) posted mixed third-quarter 2026 results, with revenue above the estimate and adjusted EPS below it. Revenue was $27.6 million, down 60% from a year earlier, above the $18.7 million estimate, and adjusted EPS was -$0.10, down 25% from a year earlier, below the -$0.09 estimate.

Shares rose 0.2% in premarket trading as of 7:02 a.m. ET, to $2.12 from a $2.12 close.

Q3 2026 scorecard

By our calculation, revenue was $8.9 million above the estimate and adjusted EPS was $0.01 below it. The QoQ column compares with the previous quarter's revenue of $30.4 million and adjusted EPS of -$0.11. The YoY column compares with $69.2 million and -$0.08 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 1 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 3 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $69.2 million, $52.4 million, $37.0 million, $30.4 million and $27.6 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of -$0.09 and revenue of $17.3 million next quarter, based on 4 analysts.
• Revenue growth. Whether revenue stabilizes after this quarter's 60% decline from a year earlier to $27.6 million.
• Estimate record. Whether Keel Infrastructure returns to beating EPS estimates, which it did in 1 of its last 8 reports.
• Related coverage. See our reports on Iovance Biotherapeutics, Axcelis, GPGI and Certara.

Sources: Results are from Keel Infrastructure's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Keel Infrastructure's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.