Nanofilm Technologies Q3 revenue rises on AI PCB equipment deliveries

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

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.)