Austria's AT&S Q2 revenue jumps on capacity expansion, maintains full-year forecast

AT & S Austria Technologie & Systemtechnik AG

Thu 06:09

Overview
Austria's high-end PCB maker reported record fiscal Q2 revenue, up 52% yr/yr
Company posted fiscal Q2 net profit of €125 mln, reversing a loss a year ago
Company confirmed full-year outlook, citing strong demand and capacity expansions

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

Result Drivers
CAPACITY EXPANSION - Co said record Q2 revenue was mainly driven by higher utilization and ramp-up of new capacities
HIGHER VOLUMES AND PRICING - Co attributed improved EBITDA to higher volumes, better product mix and improved pricing environment
STRONG DEMAND - Co said strong demand across key end markets supported results

Company press release: ID:nEQ3v5xq2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 681.90 mln
 
Q2 Profit for period
 
EUR 125.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 €302.50, about 131.6% above its November 4 closing price of €130.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 17 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.)