# data center revenue — X 热门讨论 (2026-09-24 13:58 UTC)
## @JonkooTrades (The Trend Sage) · 09-24 12:32 · ♥35 ↻3 💬7 $TRT EARNINGS ARE OUT HOLY SHIT 🥳
And the FY27 setup might be more important than the Q4 number itself.
FY26 Results: • Revenue: $62.6M, +72% YoY • Semiconductor Back-End revenue: $49.0M, +99% • Operating cash flow: $3.4M vs $0.4M • Cash + deposits: ~$28.5M • Year-end backlog: $24.2M vs $11.0M last year, MORE THAN DOUBLED Q4 revenue came in at $14.9M, +40% YoY, below the $17-19M range I was looking for.
But margins improved. Gross margin recovered to 19% from 15.5% in Q3, which was one of the biggest things I wanted to see.
And now look at what rolls into FY27:
$TRT delivered only ~$6.3M of the previously announced $14.2M AI GPU burn-in board orders during FY26.
That leaves ~$7.9M STILL TO BE DELIVERED.
Then they received another ~$1.5M purchase order in Q1 FY27.
On top of that: → $24.2M total backlog → $19.8M semiconductor backlog → New 3-year EV semiconductor burn-in contract → $4.7M minimum / potentially $6M → 104,000 sq ft Penang expansion → Production volumes expected to progressively increase starting Q2 FY27 → Continued demand across AI, HPC, EV and autonomous vehicle semiconductors
And there's another interesting piece:
Industrial Electronics already has ~$4.6M of Q1 bookings, while TRT is now pursuing DATA CENTER opportunities with a cooling-tower efficiency solution.
FY26 showed the transformation - FY27 is where we find out how big it can become. https://x.com/JonkooTrades/status/2103100199354679416