AT&S stock: Record quarter keeps full-year targets in focus
Published on 11/12/2026 at 17:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord Quarter Keeps Outlook Intact
- AT&S posted record second-quarter revenue and a sharp earnings recovery.
- Management retained its fiscal 2026/27 revenue-growth and EBITDA-margin targets.
- Capacity expansion, working capital and cash conversion remain key investor watchpoints.
AT&S reported record second-quarter revenue on Thursday, November 5, 2026, and maintained its fiscal 2026/27 targets. The company said higher utilization, new capacity and improved pricing supported the earnings recovery.
AT&S stock traded at 124.30 euros on Lang & Schwarz at 17:06 CET on Thursday, November 12, 2026. Since the latest report published at 10:23 CET that day, the quote moved from 128.40 euros at 10:12 CET to 124.30 euros at 17:06 CET, a 3.19 percent decline.
Record Revenue, Sharper Earnings Recovery
Second-quarter revenue rose to 681.9 million euros from 447.4 million euros a year earlier, marking the strongest quarterly revenue in the company's history. Currency-adjusted growth was 52.4 percent.
EBITDA increased to 244.0 million euros from 104.1 million euros, while the margin widened to 35.8 percent from 23.3 percent. EBIT reached 153.0 million euros, compared with 16.3 million euros in the prior-year quarter, and net profit rose to 125.4 million euros after a loss of 7.6 million euros.
Expansion Drives Growth And Risk
For the first half of fiscal 2026/27, revenue increased 45.4 percent to 1.2306 billion euros and EBITDA reached 409.0 million euros. Operating free cash flow was negative at 11.0 million euros as working capital, higher safety inventories and reduced factoring weighed on liquidity.
Management retained its target for currency-adjusted revenue growth of 45 to 55 percent and an EBITDA margin of 32 to 37 percent. Planned capital expenditure remains between 1.0 billion and 1.2 billion euros, while positive operating free cash flow is still expected for the full year.
The company's investor page describes AT&S as a manufacturer of high-end IC substrates and printed circuit boards serving mobile devices, automotive, industrial, medical and AI applications. Expansion in Kulim and upgrades at other sites remain central to the investment case.
AT&S Austria Technologie & Systemtechnik AG
- ISIN: AT0000969985
- Lang & Schwarz quote: 124.30 euros at 17:06 CET on November 12, 2026
- Fiscal period: Second quarter and first half of fiscal 2026/27
- Headquarters: Leoben, Austria
The broader Austrian equity market is covered in current market reports.
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