Singapore's AEM Holdings 9M revenue rises 57%, lifts FY2026 outlook

Overview

• Singapore semiconductor test solutions firm's 9M revenue rose 57.2% yr/yr to S$452.1 mln

• Profit before tax for 9M surged, with margin up 16 percentage points to 18.2%

• Company raised FY2026 revenue and EPS guidance, citing stronger order visibility

Outlook

• AEM raises FY2026 revenue guidance to S$680 mln-S$705 mln from S$630 mln-S$680 mln

• Company lifts FY2026 EPS guidance to 30-33 cents from 24.5-27.5 cents

Result Drivers

• AI/HPC PRODUCTION RAMP UP - Co said production ramp of its fabless AI/HPC customer as well as higher revenue from its PC/foundry customer drove revenue growth

• TCS SEGMENT GROWTH - Revenue from Test Cell Solutions segment grew 86.9% yr/yr, representing 75.3% of group revenue

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for AEM Holdings Ltd is S$14.05, about 99.3% above its November 11 closing price of S$7.05

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 30 three months ago

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(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.)