Northland Securities lowered its Q3 2026 EPS forecast for Gorilla Technology Group to a loss of $0.30 per share. Its previous forecast was a profit of $0.04 per share, reflecting weaker-than-expected near-term profitability for the AI and data infrastructure company.
The firm also lowered its full-year 2026 EPS estimate to a loss of $1.65. It slightly raised its Q4 EPS estimate, signaling some confidence in a later-year recovery.
Northland maintained its Buy rating and $40 price target. Gorilla Technology shares declined the previous day despite the reaffirmed rating.