SEMCO Technologies (ALSEM) H1 2026 earnings summary

Executive summary

• Focused exclusively on electrostatic chucks for the semiconductor industry since May 2024, with unique technological positioning and international expansion, notably in China.

• Opened a new subsidiary in Tianjin, China, to strengthen presence in Asia and support local assembly, testing, and after-sales service.

• Revenue grew 19.6% year-over-year to €19.9 million in H1 2026, driven by both existing and new customers.

• Net income increased 39.3% year-over-year to €5.8 million, with net margin improving to 29.0%.

• All 2028 commercial, operational, and financial targets reaffirmed.

Financial highlights

• H1 2026 revenue reached €19.9 million, up 19.6% year-over-year, driven by strong growth in China and advanced component demand.

• Gross margin improved to 67.6% from 66.8% in H1 2025, reflecting early benefits from production automation.

• Adjusted EBITDA margin rose to 43.5% (from 40.9%), and EBIT margin to 40.7% (from 38.6%).

• Net income increased to €5.8 million (29% of revenue), up from €4.14 million (24.9%) in H1 2025.

• Cash position at €12.3 million, up €2.1 million from year-end 2025; net cash at €8.9 million.

Outlook and guidance

• Reaffirmed 2028 targets: revenue over €55 million and EBIT margin above 40%.

• Continued growth expected in H2 2026, supported by expanded customer base and strengthened industrial capabilities.

• Commercial momentum and order visibility remain strong beyond the current year.