“We exited fiscal 2026 with a total backlog of $24.2 million, more than double the $11.0 million at the end of fiscal 2025, providing a strong foundation as we enter fiscal 2027. We are also seeing our semiconductor growth opportunity broaden beyond AI. Our recently announced three-year production burn-in contract with a new global IDM customer represents our second EV semiconductor production burn-in customer and further validates our capabilities in demanding automotive semiconductor applications.
“With a strong balance sheet, significantly expanded capacity in Malaysia, and growing opportunities across AI, high-performance computing, EV and autonomous-vehicle semiconductors, and Industrial Electronics, we believe we are well positioned for continued growth in fiscal 2027 and beyond.”
Fiscal 2026 Fourth Quarter Financial Results Total revenue was $14.9 million, an increase of approximately 40% from $10.7 million in Q4 fiscal 2025.
SBS revenue was $12.1 million, an increase of approximately 85% from $6.6 million in the prior-year quarter.
IE revenue was $2.8 million, compared with $4.1 million in the prior-year quarter.
Operating loss was $266,000, compared with operating income of $467,000 in Q4 fiscal 2025.
Other income was $9,000, compared with other expense of $315,000 in the prior year quarter.
Net loss attributable to Trio-Tech common shareholders was $199,000, compared with net income of $183,000 a year ago.
Net loss per basic share and diluted share was approximately $0.02, compared with split-adjusted net income of approximately $0.02 per basic and diluted share in the prior-year quarter.
Fiscal 2026 Financial Results Total revenue increased 72% to $62.6 million, compared with $36.5 million in fiscal 2025.
SBS revenue increased 99% to $49.0 million, compared with $24.7 million in fiscal 2025.
IE revenue increased 15% to $13.6 million, compared to $11.8 million in fiscal 2025.
Gross profit was $10.4 million, or 17% of revenue, compared with $9.1 million, or 25% of revenue, in fiscal 2025.
Net loss attributable to Trio-Tech common shareholders was $34,000, compared with a net loss of $41,000 in fiscal 2025.
Net loss per basic and diluted share was $0.00, consistent with fiscal 2025.
Total backlog was $24.2 million at June 30, 2026, compared with $11.0 million a year earlier. SBS backlog was approximately $19.8 million and IE backlog was approximately $4.4 million.
Net cash provided by operating activities increased to $3.4 million from $0.4 million in fiscal 2025.
Cash, cash equivalents, short-term deposits and restricted term deposits totaled approximately $28.5 million, compared with approximately $19.5 million at June 30, 2025.
Outlook Trio-Tech enters fiscal 2027 with continued demand for semiconductor back-end testing services across AI, high-performance computing and automotive applications, including EV and autonomous-vehicle semiconductors. During fiscal 2026, the Company delivered approximately $6.3 million of the previously announced $14.2 million in burn-in board-related orders, with approximately $7.9 million remaining to be delivered. During the first quarter of fiscal 2027, the Company received an additional purchase order of approximately $1.5 million. This order activity provides increased visibility into demand for the Company’s semiconductor back-end solutions entering fiscal 2027.
The Company also recently announced a three-year production burn-in contract with its second European EV semiconductor customer, with minimum billings of approximately $4.7 million over the term and potential to scale to $6 million, further expanding its presence in automotive semiconductor reliability testing and providing additional multiyear revenue visibility.
The Company’s expanded Malaysian footprint, including approximately 104,000 square feet of additional space in Perai, Penang, provides significant additional capacity to meet growing demand from its North American customer. Trio-Tech anticipates a progressive increase in production volumes beginning in the second quarter of fiscal 2027 as it completes the phased installation of system-level and electrical test capabilities in the expanded facility.
Industrial Electronics also enters fiscal 2027 with encouraging activity. First-quarter bookings to date total approximately $4.6 million, reflecting demand across aerospace, display solutions, and other industrial markets. The Company anticipates year-over-year growth in its IE operations and is pursuing opportunities in new markets, including data center and industrial energy efficiency applications. For example, Trio-Tech is introducing an equipment solution designed to improve the efficiency of cooling towers used in data centers, semiconductor manufacturing facilities, power plants, and other industrial applications, while reducing water and energy consumption and environmental waste.
Filing figures are from this filing. Earlier figures are from past filings.