Renishaw stock reports 14 percent revenue growth

Renishaw stock is backed by fiscal 2026 revenue of GBP 815.8 million, an increase of 14 percent from fiscal 2025. The results released on September 23, 2026, also showed adjusted operating profit rising 36 percent to GBP 152.9 million, giving the engineering group a stronger earnings base.

Profit growth outpaces revenue

According to FT.com on September 23, 2026, the adjusted operating margin expanded to 18.7 percent from 15.7 percent in fiscal 2025. That 3.00 percentage point improvement means operating profit grew substantially faster than revenue, an important distinction for investors assessing the semiconductor recovery.

Statutory operating profit reached GBP 135.3 million, up 25 percent from GBP 107.9 million, while statutory earnings per share increased 42 percent to 163.5 pence. Adjusted earnings per share rose 30 percent to 179.5 pence, according to the same fiscal 2026 results announcement.

Semiconductor demand drives segments

Position Measurement was the clearest growth engine, with fiscal 2026 revenue of GBP 260.9 million, up 26 percent from GBP 207.4 million. Its adjusted operating profit rose 53 percent to GBP 71.5 million, and the segment margin reached 27.4 percent.

Specialised Technologies delivered the fastest revenue expansion, rising 43 percent to GBP 107.5 million from GBP 75.0 million. The segment moved from an adjusted operating loss of GBP 9.9 million in fiscal 2025 to adjusted operating profit of GBP 4.7 million in fiscal 2026, supported by additive manufacturing demand in aerospace and defense.

Analyst target reaches GBp 6,090

MarketBeat reported that Jefferies raised Renishaw to Buy and set a GBp 6,090.00 price target in a report dated September 10, 2026. The same report listed an average analyst target of GBp 5,996.67, while Deutsche Bank held a Hold rating with a GBp 5,600.00 target dated July 28, 2026.

Renishaw trades on the London Stock Exchange under ticker RSW, according to Investing.com. Management said fiscal 2027 had started strongly as semiconductor manufacturing equipment demand continued to recover, while also highlighting cyclicality in the markets it serves.

Cash supports shareholder returns

Renishaw ended fiscal 2026 with GBP 291.0 million in cash and deposits, up from GBP 273.6 million a year earlier. The board proposed a regular dividend of 82.0 pence per share, up 5 percent, alongside a special dividend of 70.0 pence per share, according to the September 23 results announcement.