UK's Concurrent Technologies H1 orders more than double on contract win

Concurrent Technologies

13/07/2026 07:11

Overview
UK embedded computing firm's H1 revenue and pretax profit hit record levels
Order intake for H1 more than doubled yr/yr, driven by a large European contract
Company enters H2 with strong backlog and momentum after post-period contract win

Outlook
Concurrent Technologies expects full-year 2026 results in line with market expectations
Company sees strong demand, healthy backlog and pipeline conversion supporting H2 FY26
Consensus market expectations for FY26 are revenues of £53m and profit before tax of £8m

Result Drivers
ORDER MOMENTUM - H1 order intake rose 110% yr/yr, driven by demand across key geographies and end markets, including a large European contract
DESIGN WIN CONVERSION - Increased conversion of earlier design wins into production orders supported revenue in the period
SYSTEMS BUSINESS CONTRIBUTION - The Systems business secured about $8 mln of orders and delivered a profitable first half

Company press release: ID:nRSM9762La

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 23.10 mln
 
H1 Orders
 
GBP 46.90 mln
 
H1 Pretax Profit
 
GBP 3.30 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 10% above its July 10 closing price of GBp250.00
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 24 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.)