Trio-Tech International (TRT) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 revenue grew 72% year-over-year to $62.6 million, driven by strong demand in AI and automotive semiconductor testing.

• Semiconductor Back-End Solutions (SBS) revenue nearly doubled to $49 million, while Industrial Electronics (IE) revenue rose 15% to $13.6 million.

• Fiscal year-end backlog more than doubled to $24.2 million, supporting growth into fiscal 2027.

• Expanded capacity in Malaysia and new multiyear contracts with global EV semiconductor customers position the company for continued growth.

Financial highlights

• Q4 2026 revenue was $14.9 million, up 40% year-over-year; SBS revenue up 85% to $12.1 million, IE revenue down to $2.8 million.

• Q4 gross profit was $2.8 million (19% margin), down from 25% margin in Q4 2025; operating loss of $266,000 versus operating income of $467,000 last year.

• Full-year gross profit was $10.4 million (17% margin), down from 25% margin in fiscal 2025; operating loss of $204,000 versus operating income of $254,000.

• Net loss attributable to shareholders was $34,000 for fiscal 2026, compared to a net loss of $41,000 in fiscal 2025.

• Net cash from operating activities increased to $3.4 million from $0.4 million; cash and equivalents rose to $28.5 million from $19.5 million.

Outlook and guidance

• Entering fiscal 2027 with strong demand for semiconductor back-end testing in AI, high-performance computing, and automotive applications.

• $7.9 million of previously announced burn-in board orders remain to be delivered; new $1.5 million order received in Q1 2027.

• Three-year production contract with a European EV semiconductor customer provides minimum billings of $4.7 million, scalable to $6 million.

• Expanded Malaysian facility to drive increased production volumes starting Q2 fiscal 2027.

• IE segment expects year-over-year growth, with $4.6 million in Q1 bookings and new solutions targeting data center and energy efficiency markets.