Italy · Delayed Price · Currency is EUR Technoprobe Earnings Call Transcripts
Fiscal Year 2026
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Record H1 2026 results with 42% revenue growth and nearly doubled EBITDA, driven by strong AI demand and operational leverage. Guidance for FY 2026 was raised, with continued investment in capacity and robust margins expected, despite some FX and ramp-up cost headwinds.
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Record Q1 2026 revenues and margins were driven by strong AI demand and accelerated production capacity expansion. Upwardly revised guidance projects full-year revenues of EUR 950 million–1.05 billion and EBITDA margin of 44–46%, with continued growth in AI, ASIC, and advanced memory segments.
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.