Technoprobe (TPRO) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 revenues and margins, driven by strong AI demand, production capacity optimization, and recovery in automotive and industrial sectors.

• AI adoption across cloud, enterprise, sovereign, and supercomputing customers fueled significant double-digit year-over-year revenue growth.

• Production efficiency initiatives and capacity investments are ahead of expectations, supporting robust sequential growth.

• Revenue and EBITDA margin targets for 2027 are now expected to be achieved and surpassed in 2026.

Financial highlights

• Q1 2026 revenues reached €187.0 million, up 19.0% year-over-year and 15.6% sequentially.

• Gross profit rose 28.7% year-over-year to €91.1 million, with a 48.7% margin, exceeding guidance.

• EBITDA increased 44.2% year-over-year to €69.2 million, representing a 37.0% margin.

• Net financial position was €660.5 million as of March 31, 2026, down from €684.2 million at year-end 2025, mainly due to €34 million in investments.

• FX headwinds negatively impacted reported revenues and profits by €20 million.

Outlook and guidance

• Q2 2026 revenue expected at €266 million ±3%, gross margin at 55% ±200 bps, and EBITDA margin at 45% ±200 bps.

• Full-year 2026 revenue guidance raised to €950–€1,050 million, with EBITDA margin between 44% and 46%.

• 2027 targets for revenue and EBITDA margin are now expected to be achieved and surpassed in 2026.