Renishaw annual revenue rises 14.4% to £815.8 million on semiconductor manufacturing demand
Key Facts
Renishaw reported annual revenue of £815.8 million for the financial year ended June 2026, according to the measurement and manufacturing technology company's results announcement. Revenue in the previous year was £713.0 million, representing annual growth of 14.4%. Higher sales were accompanied by an improvement in adjusted pretax profit, which reached £168.0 million. That profit stood at £127.2 million in the previous year, according to the comparison in the annual results announcement. Adjusted pretax profit thus rose 32%, outpacing revenue growth in the same financial year.
The company ended the financial year with record final-quarter revenue of £244.2 million, according to its announcement. It said revenue for the quarter rose 28% from the same quarter a year earlier. The closing performance followed slower growth in the first half of the financial year, when revenue rose 7.1% year on year. First-half sales totalled £365.6 million, according to the company's interim results announcement. Revenue in the comparable period a year earlier was £341.4 million. This sequence puts the record final quarter in the context of accelerating sales growth later in the year, following the more moderate increase in the first half.
Renishaw operates in sensors and systems used in measurement and manufacturing, according to the company's description of its business. The company linked growth in its position measurement business to demand for semiconductor manufacturing, an area benefiting from the artificial intelligence spending cycle. In its results announcement, it described the driver of this business as "AI-driven semiconductor manufacturing demand". In an earlier report on the reaction to the annual results announcement, Investing reported that Renishaw shares rose 4.5%. The share price reached 5,785 pence in that coverage, in a move following the annual results announcement.
Looking to the following year, Chief Executive Will Lee said he expected performance to continue improving in his comments on the annual results. He said: "We expect further strong progress in revenue, profit and operating margin over the coming year." On the shareholder calendar, the company's investor calendar lists 29 October 2026 as the ex-dividend date for the final dividend. The same date also applies to the special dividend, according to the calendar. After the ex-dividend date, Renishaw plans to hold its annual general meeting on 25 November 2026.