Technoprobe Revenue Jumps 68.8% to 787.4 Million Euros in 9 Months
Key Facts
Technoprobe said consolidated revenue reached 787.4 million euros in the first nine months of 2026, up 68.8% from the same period in 2025, driven by expanding demand for semiconductor testing technologies linked to AI and data centers. EBITDA rose to 376.3 million euros, up 158% year on year, while its margin reached 47.8%, an increase of 1,650 basis points. Chief Executive Stefano Felici said the results confirm "the strength of Technoprobe's growth trajectory and the strength of demand, supported mainly by AI applications and data center infrastructure." The results showed revenue growth accelerating from the 20.6% increase recorded in the first nine months of 2025. EBITDA margin also rose from 31.3% in the same period last year to its current level.
The company attributed revenue growth to an increasingly significant contribution from business volumes linked to AI, particularly in the data center segment. Growth in the consumer segment was moderate, while a gradual recovery in the automotive and industrial segments contributed positively to performance. These drivers follow revenue of 628.4 million euros in 2025, up 15.7% from 2024, when AI business volumes grew, consumer demand was stable and automotive and industrial markets partially recovered. This places data center-related demand at the forefront of the factors the company cited to explain its nine-month results. The expansion in EBITDA margin alongside higher revenue reflects improved profitability during the period.
Consolidated net financial position was positive at 799.8 million euros on September 30, 2026. Operating activities generated liquidity of about 241 million euros during the nine months, part of which the company used to fund an increase in production capacity of about 150 million euros. The company aims to continue spending on expansion, saying it plans to invest about 350 million euros through the first quarter of 2027. It also plans additional investment of between 150 and 200 million euros to reach combined production capacity of about 2 billion euros by the end of 2027. The plan links liquidity generated by operations with expanded production capacity to meet demand the company described as strong.
Technoprobe updated its 2026 fiscal-year revenue outlook to a range of 1.050–1.065 billion euros, while maintaining its target EBITDA margin at between 46% and 48%. Reuters had reported that the company cut the top end of its outlook from 1.10 billion euros to 1.07 billion euros, while leaving the lower end at 1.05 billion euros. For the fourth quarter, the company expects consolidated revenue of 270 million euros, a gross margin of 54.2% and an EBITDA margin of 45.1%. The expected revenue variance range is ±3%, and the range for each of the two margins is ±200 basis points. The company also said its digital transformation began on October 1, 2026, covering enterprise resource planning, manufacturing execution and warehouse management systems, and that a tangible operational impact emerged during the first month. It expects to fully recover efficiency by the end of 2026.
Technoprobe shares rose 7.73% to $23.70 after the results were published on November 11, 2026, compared with a previous close of $22.00. The move followed the announcement of revenue and profitability growth over the nine months, alongside an update to the annual revenue outlook and fourth-quarter plan. Fourth-quarter guidance puts the expected EBITDA margin at 45.1%, below the 47.8% recorded in the first nine months. The company also said the digital transformation began to affect operations during its first month of implementation, with efficiency expected to recover by year-end. The board is scheduled to meet on March 16, 2027, to approve the draft financial statements and audited consolidated statements for the year ended December 31, 2026.