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The latest update is out from DUG Technology Ltd ( (AU:DUG) ).
DUG Technology reported a strong third quarter for FY26, with total revenue up 35% year-on-year to US$22.4 million and EBITDA rising 49%, while nine-month results have already exceeded the prior full-year. Growth was driven by its services business, recurring 4D seismic projects and a sharp increase in higher-margin software and HPC revenue, which together now contribute nearly a third of sales and support margin expansion.
The company highlighted robust operating cash flow and a shift to a net cash position, underscoring the scalability of its model and global demand for its MP-FWI imaging technology. Management said its international expansion strategy and growing pipeline position the business well, and announced it will cease quarterly updates in favour of half-year and full-year reporting to reduce short-term noise from contract timing and multi-jurisdictional revenue recognition.
The most recent analyst rating on (AU:DUG) stock is a Buy with a A$2.93 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
More about DUG Technology Ltd
DUG Technology is an Australian-headquartered provider of geoscientific computing and sustainable high-performance computing solutions, serving energy and other data-intensive industries worldwide. The company offers cloud-based HPC services, proprietary software, immersion cooling technology and tailored geoscience services that help clients maximise the value of seismic data and improve exploration and production decisions.
Average Trading Volume: 237,377
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$300.8M
For detailed information about DUG stock, go to TipRanks’ Stock Analysis page.