KOG.OL · PEAD ↓ 100

Kongsberg Gruppen reported Q2 2026 EPS of 1.62 on 2026-07-13, missing the consensus of 1.76 by 0.14 (-7.95%).

Print-day reaction was -6.84% versus the prior close, a sharp sell-off on the EPS miss that drove KOG.OL well below its pre-earnings range. The overnight gap to the T+1 open recovered a fractional +0.36%, offering no meaningful relief from the prior session's damage. Over the following two trading days the stock drifted an additional -2.51%, confirming that sellers remained in control with no reversal of the initial move. Cumulative abnormal return of -8.53% versus SPY.US places this firmly in PEAD short territory; drift decisively confirms the initial reaction, and the pattern read extends through 2026-10-08.