Technoprobe cuts upper end of 2026 revenue forecast to 1.07 billion euros
Key Facts
Technoprobe on November 11 cut the upper end of its 2026 revenue forecast to 1.07 billion euros from 1.10 billion, while keeping the lower end at 1.05 billion euros, according to a Reuters report published via Euronext. The range adjustment follows the company’s August increase in its forecast to 1.05–1.10 billion euros from 950 million to 1.05 billion euros. At the time, it also raised its target EBITDA margin range to 46%–48% from 44%–46%, the range it confirmed would remain in place for 2026. Revenue for the first nine months reached 787.4 million euros, up 68.8% year on year. Chief Executive Stefano Felici said the results reflected the strength of the growth trajectory and demand, driven mainly by artificial intelligence applications and data-center infrastructure.
Third-quarter revenue was 323.3 million euros, up 130% from the same period a year earlier and 16.7% from the second quarter, according to the earnings call transcript. The company said the figure reached the upper end of its forecast range for the quarter. For the nine months ended September 30, EBITDA rose 158% to 376.3 million euros. The figures show strong sales and profitability growth in the period before the cut, alongside a narrower annual forecast range. The adjustment is focused on the revenue ceiling, as the lower end of the annual forecast is unchanged.
The company expects fourth-quarter revenue of about 270 million euros, with a target EBITDA margin of 45.1%, according to Investing.com. The source linked the quarter’s impact to the operating systems update, including the enterprise resource planning system, while the published wording did not establish that this was the sole reason for the annual forecast cut. The full-year target EBITDA margin remains between 46% and 48%, above the expected margin for the final quarter. In August, the company had raised this annual range to 46%–48% from 44%–46%, alongside its revenue forecast increase. Felici said demand related to artificial intelligence and data centers supported growth in the first nine months.
Technoprobe recorded a positive net financial position of about 800 million euros at the end of September, while operating activities generated about 241 million euros in cash during the first nine months of 2026, according to the earnings call transcript. These figures provide a picture of the company’s financial position and operating liquidity during a period of revenue growth. The company said artificial intelligence and data-center applications are expected to remain a key revenue driver in 2027. It did not provide a revenue forecast for that year, saying visibility on demand remains primarily quarterly. Investors will therefore look to the next quarterly updates to assess whether demand continues and how the systems transition affects performance.
Technoprobe scheduled a board meeting for May 13, 2027, to review revenue, EBITDA and net financial position data as of March 31, 2027, according to its financial calendar. The meeting will be devoted to reviewing first-quarter data, not announcing a new annual forecast, based on the information available. Until then, the company said it is not providing 2027 revenue guidance because visibility depends on quarterly demand. The fourth-quarter forecast of about 270 million euros therefore remains the closest announced indicator of year-end performance. The annual EBITDA margin range also remains at 46%–48% following the revenue forecast revision.