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Renishaw Eyes Profit Growth on Chip & Defense Boom
11 Feb
Summary
- Annual profit and revenue growth forecasted for fiscal 2026.
- Strong demand stems from semiconductor and defense sectors.
- Shares rose over 6% on the positive outlook.
Renishaw has projected robust growth for its fiscal year 2026, forecasting a significant increase in both annual profit and revenue. This optimistic outlook is underpinned by strong business momentum observed in the second half of fiscal 2026 and sustained high demand from key sectors.
The company's performance is particularly boosted by the thriving semiconductor and defense industries. The escalating demand for chip-making equipment, fueled by AI data centers and autonomous vehicles, alongside increased global geopolitical tensions driving defense spending, are key contributors.
For the year ending June 30, 2025, Renishaw reported revenue of 713 million pounds and adjusted profit before tax of 127.2 million pounds. The firm anticipates its full-year revenue for fiscal 2026 to fall between 740 million and 780 million pounds, with adjusted profit before tax projected to be between 132 million and 157 million pounds.
Shares in the Gloucestershire-headquartered firm saw a substantial rise, climbing up to 6.3% in morning trade on February 11, 2026, reaching their highest point since June 2024. Chief Executive Will Lee expressed confidence in achieving strong overall growth for the year, despite ongoing economic and geopolitical uncertainties.
