Oxford Instruments (OXIG) Q4 2026 TU earnings summary

Executive summary

• Full-year performance expected to be in line with market expectations, with strong execution in the second half and resilient results despite external challenges.

• Order momentum remained robust, particularly in Advanced Technologies, supporting a positive outlook for the new financial year.

Financial highlights

• Full-year order intake up approximately 8% on an organic constant currency basis compared to the prior year, with a book-to-bill ratio of about 1.07.

• Group revenue in the second half significantly ahead of H1, with H2 revenue marginally below the prior year on a reported basis but slightly positive on an OCC basis.

• Mean consensus estimates for FY26: revenue of £420.7m, adjusted operating profit of £71.3m, and adjusted operating margin of 16.9%.

Outlook and guidance

• Strong order book and positive momentum position the group for growth into the new financial year and beyond.

• Advanced Technologies order book now materially covers planned revenue for FY27, with orders extending into FY28.