UK's Xaar 2025 revenue misses analyst estimates

Xaar

24/03/2026 07:13

Overview

UK inkjet printhead maker's 2025 revenue grew 12% yr/yr, missing analyst expectations

Adjusted EBITDA and adjusted pretax profit for 2025 missed analyst estimates

Printhead revenue rose 22%, driven by new products and applications

Outlook

Xaar says early 2026 trading is in line with expectations

Company notes order book is healthy for this time of year

Xaar expects further progress in 2026 and longer term

Result Drivers

PRINTHEAD GROWTH - Printhead revenue rose 22%, driven by new products, new markets, and a commercial breakthrough in jewellery wax 3D printing

MARGIN IMPROVEMENT - Gross margin increased to 40% from 37%, supported by enhanced manufacturing yields, efficiency improvements and a more favourable product mix

EPS REVENUE DECLINE - Engineered Print Systems revenue fell 10% due to difficult end markets and the end of a multi-year project, partially offsetting group revenue growth

Company press release: ID:nRSX7802Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
GBP 60.10 mln
GBP 64.50 mln (4 Analysts)
FY Adjusted EBITDA
Miss
GBP 3.50 mln
GBP 4.74 mln (4 Analysts)
FY Gross Margin
40.00%
FY Adjusted Pretax Profit
Miss
GBP 800,000
GBP 1.42 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the computer hardware peer group is "buy"

Wall Street's median 12-month price target for Xaar PLC is GBp150.00, about 47.8% above its March 23 closing price of GBp101.50

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 31 three months ago

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.)