UK's CML Microsystems expects FY26 revenue above £20 mln

CML Microsystems

01/04/2026 07:11

Overview

UK semiconductor developer expects FY26 revenue to exceed £20 mln, up from prior year

Second-half revenue rose about 18% over H1, but lower-margin NRE income reduced operating margin

Company expects FY26 statutory profit before tax of about £1.8 mln, reversing FY25 loss

Outlook

CML Microsystems expects timing effects seen in H2 FY26 to unwind in FY27

Company anticipates restored shipments of a key product to contribute more fully in FY27

CML Microsystems expects further progress on inventory levels and supply chain constraints in FY27

Result Drivers

ORDER INTAKE MOMENTUM - Co said improved order intake momentum drove sequential revenue growth in H2 FY26

LOWER-MARGIN NRE INCOME - Revenue mix in H2 included more lower-margin non-recurring engineering income, mainly from a GNSS contract, reducing operating margin

INVESTMENT IN SILICON VALLEY OPERATIONS - Ongoing investment in Silicon Valley operations improved capacity and efficiency but contributed to H2 operating loss

Company press release: ID:nRSA9149Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 20 mln


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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.)