Semiconductor testing company $TRT missed Q4 revenue expectations at $14.9M but showed strong underlying metrics including 40% YoY revenue growth, 85% growth in semiconductor back-end revenue, and improving gross margins. Backlog more than doubled to $24.2M for FY26, with significant remaining AI GPU orders and new EV semiconductor contracts positioning the company for growth ahead.
Matheus Lonning analyzes TRT's earnings, noting below-expectations topline results due to customer platform transitions (possibly AMD's MI 450 to MI 500 ramp). The new factory will support testing for an American semiconductor company with expected margin recovery to 16-18% as the low-margin AI testing business normalizes. Management projects FY27 growth across all segments including a new data-center-focused cooling product, with profitability expected and potential analyst coverage incoming.
An investor analyzed semiconductor testing company TRT's earnings, which missed expectations due to customer platform transitions. The company operates low-margin AI testing services and higher-margin EV testing, with a new factory expected to contribute in Q2 FY27 and management projecting profitability going forward.
An investor discusses semiconductor company TRT's Q4 earnings decline from $16.5M to $14.9M, attributing it to revenue timing rather than weakening demand. With $24.2M total backlog including $19.8M in semiconductor orders and $7.9M in pending AI GPU board deliveries, the analyst sees potential upside if margins improve and the Penang facility expansion ramps production in FY27.
TRT reported FY26 revenue of $62.6M (+72% YoY) with semiconductor back-end revenue up 99%, improved margins, and year-end backlog more than doubled to $24.2M. FY27 setup includes ~$7.9M in pending AI GPU orders, new EV semiconductor contracts, and expansion into data center cooling solutions.
TRT reported FY26 semiconductor revenue of $62.6M (+72% YoY) with back-end revenue up 99%, improving gross margins to 19%. The company enters FY27 with $24.2M backlog, $7.9M in pending AI GPU orders, and new contracts in EV semiconductors and data center cooling solutions, positioning for accelerated growth.