AT&S stock: Record quarter lifts earnings as expansion costs rise

AT&S reported record second-quarter revenue and a sharp earnings recovery on Thursday, November 5, 2026. The company’s official results release said higher utilization, new capacity ramps, stronger volumes, product mix and pricing supported the performance.

Record revenue strengthens profitability

Revenue in the second quarter of fiscal 2026/27 reached 681.9 million euros, compared with 447.4 million euros a year earlier. Currency-adjusted growth was 52 percent, marking the highest quarterly revenue in AT&S history.

EBITDA rose to 244.0 million euros from 104.1 million euros, while the margin widened to 35.8 percent from 23.3 percent. EBIT increased to 153.0 million euros from 16.3 million euros, and net income reached 125.4 million euros after a loss of 7.6 million euros in the comparable quarter. Earnings per share rose to 3.05 euros from a loss of 0.31 euros.

Expansion remains central to the outlook

For the first half of fiscal 2026/27, revenue increased to 1,230.6 million euros from 846.3 million euros. EBITDA climbed to 409.0 million euros, lifting the margin to 33.2 percent, while net income turned positive at 166.2 million euros after a loss of 63.5 million euros.

The recovery is tied to ongoing investment. Net capital expenditure reached 111.0 million euros in the first half, and operating free cash flow was negative at 11.0 million euros. AT&S said business growth, higher safety inventories and reduced international factoring contributed to the cash-flow pressure.

AT&S stock traded at 113.60 euros on Lang & Schwarz at 17:15 CET on Monday, November 9, 2026.

Targets remain unchanged

Management confirmed 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 the company continues to expect positive operating free cash flow for the full year.

The Austrian market backdrop is available in the ATX market overview.

More news and analyses on AT&S stock cover the company’s earnings, outlook and investment program.