Backlog Doubles to $24.2M as AI Chip Testing Drives 72% Revenue Growth at Trio-Tech
TRT has more than doubled off its 52-week low of $2.8 on elevated volume (3.9× avg).
Summary
Trio-Tech reported 72% fiscal 2026 revenue growth to $62.6M driven by AI chip testing, with backlog more than doubling to $24.2M and a new EV semiconductor contract adding multiyear visibility.
Key Events · Earnings and Guidance · TRT
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Revenue Surges 72% on AI Testing Demand
Fiscal 2026 revenue reached $62.6M, up from $36.5M, with Semiconductor Back-end Solutions revenue nearly doubling to $49.0M as AI chip final test services commenced in Malaysia.
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Backlog More Than Doubles to $24.2M
Total backlog at June 30, 2026 was $24.2M versus $11.0M a year earlier, with SBS backlog of $19.8M and IE backlog of $4.4M providing strong fiscal 2027 visibility.
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New EV Semiconductor Burn-in Contract
Three-year production burn-in contract with a second European EV semiconductor customer carries minimum billings of approximately $4.7M over the term, with potential to scale to $6M.
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Margin Compression Offsets Growth
Gross margin fell to 16.6% from 25.1% as lower-margin AI final test services grew faster than higher-margin equipment sales, resulting in a $204K operating loss for the year.
Analysis · TRT · Technology
Fiscal 2026 revenue jumped 72% to $62.6M on surging AI chip testing demand, but gross margin compressed to 16.6% and the company posted a small operating loss. The standout is the backlog more than doubling to $24.2M, plus a new three-year EV semiconductor burn-in contract with minimum billings of $4.7M — giving multiyear revenue visibility. The expanded Malaysia capacity and $28.5M cash position support the growth story, though margin pressure from lower-margin AI final test services remains the key watch item.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TRT was trading at $7.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $80.5M. The 52-week trading range was $2.80 to $21.38. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.