Telsys (TLSY) Q4 2025 earnings summary

Executive summary

• Distribution revenue reached $56.0M in 2025, up 83% YoY, mainly on rapid Enterprise growth; Variscite revenue rose 8% to 82,045.

• EMEA semiconductor markets strengthened in Q4 2025, while memory-component constraints and sharp price mark-ups remained key operating pressures.

Financial highlights

• Distribution sales were $56.042M in 2025 vs. $30.517M in 2024 and $42.288M in 2023.

• Variscite 2025 revenue was 82,045 vs. 75,841 in 2024, up 8%; profit was 39,280 vs. 35,775, up 10%.

Outlook and guidance

• Variscite order backlog rose 61%, from $29M to $46.8M in 2026; it reported sustained QoQ growth since Q4 2024.

• Variscite uses 60–70% of current production capability; the existing site can add three lines, increasing capacity by over 50%.

• Demand-creation activity is being accelerated to build an opportunity funnel; high-scale design opportunities were identified in Military and Enterprise.