Italy · Delayed Price · Currency is EUR Technoprobe Earnings Call Transcripts
Fiscal Year 2025
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Full-year 2025 saw strong revenue and margin growth, led by AI and data center GPU demand, with organic growth at 8% and total revenue up 15.7% year-over-year. 2026 guidance targets mid-double-digit growth, continued margin expansion, and record Q1 revenue, supported by capacity investments and AI market strength.
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Q2 and H1 2025 saw strong revenue and margin growth, driven by AI and DIS integration, despite FX headwinds. Guidance for Q3 and full year remains solid, with mid-single-digit organic growth in local currency and stable profitability, but reported revenue will be impacted by currency effects.
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Q1 2025 saw a 54.4% revenue increase year-over-year, driven by AI testing demand and DIS business contributions, with gross and EBITDA margins exceeding guidance. Q2 is expected to peak, with full-year revenues projected around EUR 650 million and EBITDA margin between 21%-32%.
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Market share leadership in logic probe cards is reinforced by innovation, vertical integration, and strategic partnerships. AI and data center segments are set to drive double-digit growth, with mid-term revenue and margin targets supported by operating leverage and new technology adoption.
Fiscal Year 2024
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AI-related revenues surged to 35% of the total, driving a 32.7% year-over-year revenue increase and strong Q4 results. 2025 guidance points to continued AI-led growth, margin recovery, and further benefits from restructuring and integration of recent acquisitions.
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Nine-month 2024 results show strong AI-driven growth, offset by weakness in automotive and industrial segments. Profitability is set to recover as manufacturing issues are resolved, with AI expected to reach 30% of revenue in 2025.
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First half 2024 saw strong sequential and year-over-year revenue growth, driven by new product ramps and acquisitions, though margins declined due to dilution and higher R&D. AI now represents a significant revenue share, with full-year growth expected in the mid-double digits.