AEM ups full-year profit guidance as Q3 earnings surges to S$42 million, revenue doubles
Results driven by stronger demand for its testing solutions and improved profit margins
Singapore's semiconductor equipment manufacturer AEM Holdings announced a significant boost in its third-quarter earnings, with net profit surging 158.9 percent to S$42.6 million, up from S$16.4 million in the previous quarter. Revenue saw a remarkable 110.7 percent increase, reaching S$204.9 million, compared to S$97.3 million a year earlier.
The results were driven by a robust performance from the Test Cell Solutions segment, which grew by 86.9 percent year-on-year to S$340.5 million, accounting for 75.3 percent of the group's revenue. This growth was fueled by increased shipments of AEM's AMPS test solutions to its artificial intelligence and high-performance computing customers, along with heightened demand from its PC and foundry clients.
For the first nine months of the year, net profit expanded over 18 times to S$73.4 million, with revenue climbing 57.2 percent year-on-year to S$452.1 million. AEM raised its FY2026 revenue guidance to between S$680 million and S$705 million and its full-year EPS guidance to between S$0.30 and S$0.33, reflecting the improved financial outlook.
The company's CEO, Samer Kabbani, attributed the success to higher sales volumes, a more favorable revenue mix, and operating leverage.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
