AT&S stock: Record quarter lifts earnings as 2026/ 27 outlook holds

AT&S reported record second-quarter results on Thursday, November 5, 2026, and confirmed its full-year outlook. In its official release, the Austrian manufacturer said higher utilization and the ramp-up of new capacities drove the performance.

Second-quarter revenue reached 681.9 million euros, compared with 447.4 million euros a year earlier. Currency-adjusted growth was 52 percent, making the quarter the highest-revenue period in AT&S history. EBITDA rose to 244.0 million euros from 104.1 million euros, while the margin expanded to 35.8 percent from 23.3 percent.

Profitability Rebounds Across Operations

EBIT increased to 153.0 million euros from 16.3 million euros in the comparable quarter. Net profit reached 125.4 million euros after a loss of 7.6 million euros, and earnings per share rose to 3.05 euros from a loss of 0.31 euros.

For the first six months of fiscal 2026/27, revenue advanced to 1,230.6 million euros from 846.3 million euros. EBITDA climbed to 409.0 million euros from 174.7 million euros, lifting the margin to 33.2 percent from 20.6 percent. Net profit turned positive at 166.2 million euros after a loss of 63.5 million euros in the prior-year period.

AT&S attributed the quarterly EBITDA improvement to higher volumes, a better product mix and an improved pricing environment. The company also said expansion work in Kulim and upgrades at other sites were progressing according to plan, supported by long-term customer commitments.

Guidance Keeps Expansion In Focus

Management maintained its fiscal 2026/27 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 AT&S continues to expect positive operating free cash flow for the full year.

Investment spending is already shaping the cash profile. Net capital expenditure reached 111.0 million euros in the first half, while operating cash flow was 100.4 million euros, down from 209.4 million euros a year earlier. Operating free cash flow was negative at 11.0 million euros, reflecting strong working-capital needs, higher safety inventories and a reduced factoring contribution.

AT&S stock traded at 114.90 euros on Lang & Schwarz at 10:03 CET on Tuesday, November 10, 2026. Chief Executive Michael Mertin said discussions with key US technology customers had confirmed strong demand and significant opportunities ahead, while capacity projects continued to advance.

Austria's broader equity market is covered in the ATX market overview.

Further developments can be followed in more news and analyses on AT&S stock.