Austria's AT&S Q1 revenue rises 38% on strong demand in core markets

AT & S Austria Technologie & Systemtechnik AG

04/08/2026 06:10

Overview
Austria PCB and substrate maker's fiscal Q1 revenue rose 38% yr/yr on strong demand
Fiscal Q1 EPS turned positive after loss in prior year
Company placed €400 mln hybrid convertible bond to strengthen capital base

Outlook
AT&S confirms 2026/27 revenue growth of 45–55% at constant currency
Company expects 2026/27 EBITDA margin of 32–37%
Management plans 2026/27 CAPEX of €1.0–1.2 bln and positive operating free cash flow

Result Drivers
VOLUME AND PRICING - Co said sharp revenue increase was driven by higher volumes and improved pricing, which offset negative currency effects
COST OPTIMIZATION - Co attributed higher earnings to a comprehensive cost optimization and efficiency program
STRONG MARKET DEMAND - Co said it benefited from continued strong demand in core markets

Company press release: ID:nEQ3L4tf4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
EUR 548.70 mln
 
Q1 EPS
 
EUR 0.93
 
Q1 Profit for period
 
EUR 40.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for AT & S Austria Technologie & Systemtechnik AG is €202.50, about 46.1% above its August 3 closing price of €138.60
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 49 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)