UK's Renishaw H1 revenue rises 7.1%, beats expectations

Renishaw

11/02/2026 07:09

Overview

UK measuring systems leader's H1 revenue rose 7.1%, beating analyst expectations

Adjusted pretax profit for H1 beat analyst expectations

Company reported strong growth in emerging product lines and improved profitability

Outlook

Renishaw expects FY2026 revenue between £740m and £780m

Company anticipates FY2026 adjusted profit before tax of £132m to £157m

Renishaw sees strong demand in specific sectors offsetting subdued industrial markets

Result Drivers

EMERGING PRODUCT LINES - Strong growth in emerging product lines, including additive manufacturing systems and enclosed optical encoders, contributed to revenue increase

REGIONAL GROWTH - Revenue growth was driven by strong demand in the Americas and APAC regions, offsetting weaker performance in EMEA

COST REDUCTION - Operating profit margin improved due to cost reductions and productivity initiatives, despite currency and tariff headwinds

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
Beat
GBP 365.60 mln
GBP 350 mln (1 Analyst)
H1 Adjusted EPS
GBP 0.69
H1 EPS
GBP 0.50
H1 Adjusted Pretax Profit
Beat
GBP 64.10 mln
GBP 59 mln (1 Analyst)
H1 Dividend
GBP 0.17
H1 Pretax Profit
GBP 46 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Renishaw PLC is GBp3,795.00, about 2.3% below its February 10 closing price of GBp3,885.00

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nRSK4943Sa

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.)