Global Testing half-year profit drops 32% on higher taxes

Global Testing

14/08/2026 11:08

Overview
Semiconductor testing service provider's half-year revenue rose 4% yr/yr to $23.45 mln
Net profit for the period declined 32% yr/yr
Gross profit slipped slightly compared to previous half-year

Outlook
Company did not provide specific financial guidance or outlook for future periods

Result Drivers
REVENUE DRIVER - Revenue increased mainly due to a rise in  customers’ orders 
HIGHER COST OF SALES - Cost of sales rose 6% yr/yr, outpacing revenue growth and contributing to lower gross profit
INCOME TAX EXPENSE - Shift from income tax benefit to an expense reduced net profit

Company press release: ID:nSN7BfS85

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$23.45 mln
 
H1 Gross Profit
 
$5.31 mln
 
H1 Pretax Profit
 
$2.96 mln
 

Analyst Coverage
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 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.)