Earnings Releases·Nov 12, 2026, 12:28 PM ET

Trio-Tech International — First Quarter Fiscal 2027 Earnings Summary

Total revenue surged 33% sequentially to $19.9 million and 29% year-over-year, while net income attributable to common shareholders jumped to $846,000 from $77,000 in the prior-year quarter, driven by a gross margin expansion to 20.6%.
Management expects testing volumes at the expanded Malaysia facility to rise in Q2, though component shortages will persist through the quarter, potentially delaying order fulfillment and keeping working capital requirements elevated.
The Semiconductor Back-End Solutions (SBS) segment led growth with 39% year-over-year revenue to $15.9 million and a gross margin of 21.5%, whereas the Industrial Electronics segment saw flat revenue with a margin decline to 17.5% due to product mix changes.
The Board approved an additional $1.0 million for the share repurchase program and extended it for 24 months; the company purchased 123,196 shares totaling approximately $696,000 during and subsequent to the quarter.
Future outlook includes expected moderation of SBS gross margins as AI-related testing services grow, supported by a combined backlog of $28.1 million in the SBS segment and $5.7 million in the Industrial Electronics segment.