Venture Corporation (V03) Q1 2026 earnings summary

Executive summary

• Revenue increased 1.9% year-over-year to S$628.5 million, driven by demand in AI-related infrastructure, especially in Test & Measurement, Networking & Communications, and Semiconductor Equipment domains.

• Net profit reached S$56.3 million, with earnings per share at 19.5 Singapore cents, up 0.9% year-over-year.

• Net margin remained strong at 9.0% despite inflationary cost pressures.

Financial highlights

• On a constant currency basis, revenue would have risen 8.2% year-over-year, indicating robust underlying performance.

• Working capital increased to S$868.3 million as of 31 March 2026, up from S$830.8 million at end-2025, reflecting higher inventory to support growth.

• Net cash position exceeded S$1 billion as of 31 March 2026, even after higher dividends and share buybacks in 2025.

Outlook and guidance

• Anticipates continued growth in 2026, with market share gains in hardware and traction in Hyperscale Data Centres and Life Science domains.

• R&D Labs advancing in Consumer Lifestyle sector, positioning for future opportunities beyond product/system design.

• Ongoing investments in operational excellence and strategic partnerships to drive future performance.