Trio-Tech International reported significant top-line expansion for the fourth quarter and fiscal year 2026, driven by a near-doubling of revenue in its semiconductor back-end solutions segment. While annual revenue grew 72% to $62.6 million, the company swung to a quarterly net loss of $0.02 per share as higher operating expenses and stock-based compensation offset gains from AI and automotive testing demand.
Key Highlights
- Total backlog more than doubled year-over-year to $24.2 million at June 30, 2026, compared to $11.0 million at the end of fiscal 2025.
- Semiconductor Back-End Solutions revenue surged 99% for the full year to $49.0 million, supported by robust demand for AI-related chip testing and high-performance computing.
- Gross profit margin for the full year compressed to 17% from 25% in the prior year, reflecting increased general and administrative costs and shifts in segment mix.
- Management noted strong forward visibility with a new three-year $4.7 million minimum production burn-in contract for a European EV semiconductor customer.