Earnings call transcript: Technoprobe Q3 2026 sales surge on AI demand

Technoprobe reported a remarkable 130% surge in third-quarter revenue to EUR 323.3 million in Q3 2026, driven by strong demand for its semiconductor testing business tied to artificial intelligence and data centers. Gross margin expanded to 61.1% and EBITDA margin reached 52.6%. However, the company warned that a new ERP system and major hiring program would weigh on fourth-quarter results, potentially reducing revenue by about EUR 50 million.

Looking ahead, Technoprobe plans to increase manufacturing capacity to EUR 1.6 billion by Q1 2027 and EUR 2 billion by the end of 2027. The company delivered a strong nine-month performance, with revenue for the first nine months of 2026 reaching EUR 787.4 million, up 68.8% year-over-year. Gross profit doubled to EUR 447.3 million, and EBITDA rose 158% to EUR 376.3 million, showcasing the company's ability to scale profitably.

AI and data center applications accounted for more than half of the company's current production, with consumer demand showing moderate growth and automotive and industrial markets gradually recovering. Technoprobe remains the leading player in logic-space testing and sees multiple suppliers in the market. The company's strong financial position, including EUR 241 million in operating cash flow over the nine months and a net financial position of EUR 800 million, supports its long-term growth prospects.

Shares of Technoprobe rose 7.73% to $23.70 following the earnings call, driven by investor confidence in the company's robust growth, improving margins, and strategic capacity plans. Despite trading below its 52-week high, the stock is significantly above its previous low, reflecting positive market sentiment towards its strong performance and growth trajectory.