During 2025, Qt has gained significant new owners on its top 100 list. Also Proprius partner/Mika Heikkilä. No one buys 30,000–60,000 shares without conducting a comprehensive analysis.
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An interesting perspective on the IAR acquisition from a user’s point of view
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Can anyone shed some light on why insiders aren’t interested in QT, even though the price has come down significantly? Has management ever been grilled about this?
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There might be little motivation to buy when you’re getting plenty anyway…
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The high level of compensation is related to the 2016 option program. Although the company should have devised a more reasonable incentive scheme, investors rewarded the CEO by driving up the share price…
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Stellantis is a major QT customer. This could explain some of the weaknesses, as Stellantis is experiencing delays with some new models.
2/4/26 (Bloomberg) Stellantis NV is facing delays to some electric models due to manufacturing difficulties at one of the company’s battery makers, Automotive Cells Co.
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Fully electric models such as the Peugeot 3008 and 5008 are being delayed by as long as eight months because of production snags involving long-range batteries made by ACC.
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ACC is currently only able to fit about 1,000 cars a month, well below its initial target, and is mulling options to help lower costs in France as a way to lessen the financial impact from the manufacturing snags.
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The automotive industry is in the midst of an unpredictable transformation right now; it’s hard to say which players will even make it through unscathed. The Chinese are creating constant pressure on the industry, not just the weak consumer demand. Did Qt have Chinese customers? It’s a tricky situation indeed.
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Yes, QT has Chinese and Asian customers in the automotive industry. The CEO commented in the latest call that the business in China is doing well.
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Thanks for the good link. The article explains Qt’s acquisition of IAR Systems quite well. In practice, that deal made Qt Group an even more comprehensive player in the embedded devices market. Now, two development phases that previously operated separately but in parallel are under the same roof. Qt now has a pretty good offering for the entire device development lifecycle. I believe Qt will recover from this as well. If the moderate forecasts hold true, Qt’s EV/Sales for this year is 2.9 and EV/EBIT (adj.) 12.5. 
Quite unbelievable. At this valuation level, they can afford to miss these forecasts.
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