AEM Holdings lifts FY2026 guidance after 110.7% jump in third-quarter revenue

SGX Filings
Nov 11

AEM Holdings Ltd. reported on Nov, 11 2026 that revenue for the three months ended Sep, 30 2026 rose 110.7% year on year to 204.9 million Singapore dollars, driven by strong shipments of its Advanced Modular Parallel Tester (AMPS) to AI/high-performance computing (HPC) and PC/foundry customers. Sequentially, revenue was up 57.2%.

Profit before tax reached 44.0 million Singapore dollars, representing a margin of 21.5% and more than doubling the previous quarter’s level. Reported earnings per share (EPS) climbed to 13.1 Singapore cents; excluding a one-off 7.8 million Singapore dollar tax credit arising from the resolution of prior-year positions, underlying EPS was 10.7 cents, compared with 5.1 cents in 2Q2026. Adjusted profit after tax margin improved to 17.0% from 12.6% in the preceding quarter.

Test Cell Solutions contributed 159.6 million Singapore dollars, up 71.9% quarter on quarter and accounting for 78% of group revenue. Contract Manufacturing added 43.5 million Singapore dollars, while the company’s backlog for AMPS systems exceeded 450 million Singapore dollars as of Nov, 11 2026, up from more than 400 million Singapore dollars on Aug, 12 2026.

For the nine months to Sep, 30 2026, revenue rose 57.2% year on year to 452.1 million Singapore dollars. Profit before tax expanded to 82.2 million Singapore dollars from 6.2 million Singapore dollars a year earlier, lifting the period’s PBT margin to 18.2%. Reported EPS for the nine months was 22.9 cents, or 20.5 cents excluding the tax credit.

Reflecting the stronger performance, AEM Holdings raised its full-year 2026 revenue guidance to between 680 million and 705 million Singapore dollars, up from the prior range of 630 million to 680 million Singapore dollars. Full-year EPS guidance was also increased to 30–33 cents, compared with the previous 24.5–27.5 cents, excluding the non-recurring tax benefit.

The company ended the quarter with cash and cash equivalents of 69.0 million Singapore dollars and a debt-to-equity ratio of 0.04. Inventories rose 22.9% quarter on quarter to 326.3 million Singapore dollars to support scheduled shipments for the fourth quarter of 2026 and early 2027.

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