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Nanofilm Technologies Q3 revenue rises on AI PCB equipment deliveries

By Reuters News


Overview

  • Singapore nanotechnology solutions provider's Q3 revenue grew 2% yr/yr to S$74 mln

  • Gross profit margin improved to 45% in Q3 from 40% a year ago

  • Margin improvement driven by automation and operational optimisation despite lower volumes


Outlook

  • Company expects rising AI demand to drive further PCB drill bit coating equipment orders

  • Company aims to capture market opportunities in smartphone and smartwatch industry

  • Company expects titanium electrode coating deliveries to industrial customer to begin in 4Q2026


Result Drivers

  • AUTOMATION AND OPTIMISATION - Co said improved margin was driven by automation and operational optimisation despite lower volumes

  • AI PCB EQUIPMENT DELIVERIES - Industrial Equipment Business Unit revenue rose on AI PCB drill bit coating equipment deliveries

  • MLA SENSOR DEMAND - Nanofabrication Business Unit revenue surged on rising MLA sensor demand for new smartwatch series


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

S$74 mln

Q3 Gross Margin

45.00%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the specialty chemicals peer group is "buy"

  • Wall Street's median 12-month price target for Nanofilm Technologies International Ltd is S$1.42, about 73.2% above its October 27 closing price of S$0.82

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 27 three months ago


Reuters Recommended Reads

  • Oct 27 - Singapore's Mapletree Industrial Trust Q2 revenue falls 1.9% yr/yr

  • Oct 27 - Netherlands' NXP Semiconductors Q3 revenue rises 19%, slightly beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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