UK's Concurrent Technologies H1 revenue, profit rises on strong demand across markets, contract wins

Concurrent Technologies

07/09/2026 07:10

Corrects typographical error in headline

Overview
UK embedded computing maker's H1 2026 revenue grew 10% yr/yr, profit before tax up 19%
Order intake for H1 2026 surged 110%, matching prior full-year total
Company expects FY26 revenue and profit to exceed market expectations, citing record contract win

Outlook
Concurrent expects FY26 revenue to be materially ahead of market expectations
Company sees FY26 profit ahead of market expectations, driven by profit recognition on a record contract
Company expects H2 2026 gross margin percentage to be lower due to contract mix

Result Drivers
ORDER MOMENTUM - H1 order intake rose 110% to £46.9m, driven by demand across key markets and a record contract win, providing increased revenue visibility
DESIGN WIN CONVERSIONS - Continued conversion of earlier design wins into production programmes and further design wins secured, enhancing long-term revenue visibility
SYSTEMS BUSINESS PROFITABILITY - Systems division delivered its first profitable half, benefiting from improved revenue mix and integration of Phillips Aerospace acquisition

Company press release: ID:nRSG6402Ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 23.20 mln
 
H1 Orders
 
GBP 46.90 mln
 
H1 Pretax Profit
 
GBP 3.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Concurrent Technologies PLC is GBp275.00, about 3.8% above its September 4 closing price of GBp265.00
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 34 three months ago

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Sept 6 - UK recruiters see first rise in permanent role hiring since 2022

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)