Inari Amertron reports fiscal 2026 profit drop: 19 ratings for Inari Amertron stock

Published on 10/25/2026 at 01:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 12.2 percent to MYR 1.19 billion in fiscal 2026 after the fire. Market value reached MYR 9.7 billion for Inari Amertron stock.

Recovery depends on two engines

Net income fell 42.5 percent to MYR 122.6 million for fiscal 2026, reported on October 23, 2026.
Cash and cash equivalents stood at MYR 2.21 billion on June 30, 2026.
MarketScreener listed an average target of MYR 2.77 across 19 analyst ratings on October 23, 2026.

Inari, MYQ0166OO007, Illustration mit AI erstellt.

Inari Amertron (MYQ0166OO007) reported fiscal 2026 net income of MYR 122.6 million, down 42.5 percent from the previous year. Newswav reported the figures on October 23, 2026, citing the companys annual report and the impact of a fire at its Philippines facility. MarketScreener listed 19 analyst ratings and an average target of MYR 2.77 on October 23, 2026.

Revenue and profit moved lower

Fiscal 2026 revenue fell 12.2 percent to MYR 1.19 billion from MYR 1.35 billion in fiscal 2025. The company attributed the weaker result to lower production volume, higher operating costs and a MYR 41.9 million loss linked to the Philippines fire, according to Newswav. The decline gives the recovery plan a demanding starting point, even as Inari remains debt-free.

Three dated company steps

On May 10, 2026, a fire affected 1,161 square meters of the Philippines facility. On August 27, 2026, Inari published its fourth interim dividend notice, and on October 22, 2026, it published notice of its 16th annual general meeting, both listed on the Inari Amertron investor-relations page. On October 23, 2026, the company published its fiscal 2026 annual report and corporate-governance report.

What does the profit drop mean for recovery?

The balance sheet provides a buffer while operations recover. Cash and cash equivalents stood at MYR 2.21 billion on June 30, 2026, while the company reported no borrowings and declared MYR 179.7 million in fiscal 2026 dividends, according to Newswav. Inari plans a third Philippines factory that could raise AI and data-center capacity by 30 percent, while radio-frequency demand and datacom photonics are the stated recovery drivers.

Analyst target and reporting date

StockTipRatings reported on October 20, 2026, that Hong Leong Investment Bank analyst Toh Woo Kim cut Inari to Hold from Buy while retaining a MYR 2.80 target. That view contrasts with Macquarie's October 8, 2026, Outperform rating and MYR 3.10 target listed by MarketScreener. The next explicitly listed reporting date is November 26, 2026, for first-quarter fiscal 2027 earnings, according to Barrons.

Bursa Malaysia valuation context

Inari Amertron had a market capitalization of MYR 9.7 billion and a 52-week range of MYR 1.21 to MYR 2.88 as of October 23, 2026. The last Bursa Malaysia quote stood at MYR 2.51 on October 23, 2026, at 4:59 p.m. MYT.