Oxford Instruments (OXIG) Q3 2026 TU earnings summary

Executive summary

• Full-year adjusted operating profit expected to align with market expectations, with consensus for FY26 at £70.2m–£73.0m and a mean of £71.8m.

• Strong order momentum in Advanced Technologies, with year-to-date orders up 44.5% OCC year-over-year.

• Imaging and Analysis division order intake grew 2.4% OCC compared to Q3 last year; book-to-bill ratio at 1.1.

• Group year-to-date book-to-bill ratio stands at 1.2, indicating robust demand.

Financial highlights

• Adjusted operating profit for FY26 expected to face a £5.5m currency headwind versus prior year.

• Cost restructuring in the Belfast-based imaging business is delivering expected H2 benefits.

Outlook and guidance

• No change to full-year guidance; focus remains on executing the current orderbook.

• Order book coverage for Advanced Technologies extends well into FY27.

• Q4 trading update scheduled for 14 April 2026; preliminary FY26 results on 9 June 2026.