AT&S stock: Record quarter strengthens earnings outlook
Published on 11/10/2026 at 17:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord quarter supports unchanged targets
- AT&S posted record second-quarter revenue and a sharp earnings recovery in fiscal 2026/27.
- Management maintained its revenue growth and EBITDA margin targets while capacity projects remained on schedule.
- Higher utilization, product mix and pricing supported the quarterly improvement, while working capital weighed on operating free cash flow.
AT&S reported its highest quarterly revenue on record on Thursday, November 5, 2026, as higher utilization and the ramp-up of new capacity lifted fiscal second-quarter results. The company also maintained its full-year targets, according to the AT&S release.
Since the latest prior report, the Lang & Schwarz quote changed from 114.90 euros at 10:03 CET to 112.90 euros at 17:12 CET on Tuesday, November 10, 2026. The difference was 1.74 percent.
Profitability rebounds with record revenue
Second-quarter revenue reached 681.9 million euros, compared with 447.4 million euros a year earlier. Currency-adjusted growth was 52 percent. EBITDA rose to 244.0 million euros, while the margin reached 35.8 percent.
EBIT increased to 153.0 million euros from 16.3 million euros in the comparable quarter. Net profit reached 125.4 million euros after a loss of 7.6 million euros, and earnings per share rose to 3.05 euros from a loss of 0.31 euros.
For the first half of fiscal 2026/27, revenue advanced to 1.23 billion euros and EBITDA reached 409.0 million euros. AT&S attributed the quarterly EBITDA improvement to higher volumes, a better product mix and an improved pricing environment.
Expansion remains central to the outlook
Management confirmed its target for currency-adjusted revenue growth of 45 to 55 percent in fiscal 2026/27 and an EBITDA margin of 32 to 37 percent. Planned capital expenditure remains between 1.0 billion and 1.2 billion euros, with positive operating free cash flow expected for the full year.
Expansion in Kulim and upgrades at other sites are progressing according to plan and are supported by long-term customer commitments. Operating free cash flow was negative at 11.0 million euros in the first half, reflecting higher working-capital needs, increased safety inventories and a reduced factoring contribution.
AT&S Company Facts
- Company: AT&S Austria Technologie & Systemtechnik AG
- ISIN: AT0000969985
- Ticker: ATS.VI
- Lang & Schwarz quote: 112.90 euros on Tuesday, November 10, 2026, at 17:12 CET
- Fiscal period: Second quarter and first half of fiscal 2026/27
Austria's broader equity market is covered in the ATX market overview.
Further developments can be followed in more news and analyses on AT&S stock.
