• In late April 2026, Opera Limited reported past first-quarter 2026 results showing sales of US$175.77 million and net income of US$24.79 million, alongside higher basic and diluted EPS of US$0.27 from continuing operations.
• On the same day, Opera raised its full-year 2026 revenue outlook to US$727 million–US$740 million and projected robust double-digit year-over-year growth for both the second quarter and the full year, highlighting management’s confidence in the business.
• With Opera lifting its full-year 2026 revenue guidance, we’ll now examine how this confidence reshapes the company’s broader investment narrative.

Find 51 companies with promising cash flow potential yet trading below their fair value.

Opera Investment Narrative Recap

To own Opera today, you need to believe its AI-centric browsers and fintech efforts can turn growing usage into durable, diversified earnings, despite reliance on advertising and search partners. The latest earnings beat and higher 2026 revenue outlook support the near term catalyst of sustained top line growth, but they do not remove the key risk that heavier AI and fintech spending or regulatory shifts could pressure margins and limit the payoff from these initiatives.

The most relevant update here is Opera’s decision to raise full year 2026 revenue guidance to US$727 million to US$740 million, alongside Q2 guidance of US$176 million to US$178 million. For shareholders watching whether Neon, MiniPay and higher value users can support double digit growth while keeping profitability intact, this guidance frames management’s expectations for how the current product and user mix is flowing through to the income statement.

Yet, for all the optimism in the higher guidance, investors should be aware that Opera’s dependence on a few key advertising and search partners leaves its revenue and margins exposed if...

Opera's narrative projects $813.6 million revenue and $135.8 million earnings by 2028. This requires 13.6% yearly revenue growth and about a $55 million earnings increase from $80.6 million today.

Uncover how Opera's forecasts yield a $25.50 fair value, a 38% upside to its current price.

Exploring Other Perspectives

Some of the lowest analysts were already cautious, assuming revenue of about US$797 million and earnings of US$130.6 million by 2028, and they worry that heavy AI and fintech spending could blunt the benefits of Opera’s current guidance uplift.

Explore 6 other fair value estimates on Opera - why the stock might be worth over 3x more than the current price!

The Verdict Is Yours

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Opera research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Opera research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Opera's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.