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TRT — Trio-Tech International News Story

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Trio-Tech Q3 revenue jumps on AI, auto demand

Overview

US semiconductor testing firm's fiscal Q3 revenue rose 124% yr/yr on AI, auto demand

Company posted net loss, narrowing from prior-year loss

Trio-Tech completed $10 mln equity raise after quarter to expand Malaysia capacity

Outlook

Trio-Tech expects increased demand for semiconductor back-end testing services, especially for AI and EV applications

Company expanding Malaysia operations to add capacity for AI-related testing services

Result Drivers

SEMICONDUCTOR TESTING DEMAND - Revenue growth was driven by strong demand for semiconductor reliability testing, particularly for AI and automotive applications

HIGHER TESTING VOLUMES - Semiconductor Back-End Solutions segment revenue rose 141% yr/yr due to increased testing volumes for advanced chips

GROSS MARGIN PRESSURE - Gross margin fell to 16% from 27% due to a higher mix of lower-margin, high-volume testing services

Company press release: ID:nBw9l9W4La

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income-$38,000
Q3 Operating Expenses$2.64 mln
Q3 Operating Income-$81,000
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.)

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