Trio-Tech Reports 33% Sequential and 29% Year-over-Year Revenue Growth for First Quarter of Fiscal 2027

S.W. Yong, Chairman and CEO of Trio-Tech International

“We began fiscal 2027 with 29% year-over-year revenue growth and a substantial improvement in profitability, driven by higher sales and margins in our Semiconductor Back-End Solutions (SBS) business. Strong demand for AI GPU burn-in boards, along with higher testing volumes for EV, data center, and AI-related semiconductor applications, contributed to 39% SBS revenue growth.”

S.W. Yong, Chairman and CEO of Trio-Tech International

“Our consolidated gross margin expanded to 20.6% from 16.7% a year ago, reflecting a more favorable SBS product mix and improved capacity utilization across our operations, including Malaysia. Gross profit increased 59%, while operating expense rose 13%, resulting in operating income of $1.3 million compared with $46,000 in the prior-year quarter. These results demonstrate our ability to convert higher revenue into improved operating profitability.”

S.W. Yong, Chairman and CEO of Trio-Tech International

“We continue to see an expanding pipeline of opportunities across our semiconductor back-end products and testing services supporting AI, data center and EV Automotive applications. Our Malaysia facility expansion, which began initial operations in September, provides substantial additional capacity to support these opportunities. Across our operations, we remain focused on fulfilling customer programs and managing the working capital required to support growth. In Industrial Electronics, growing distribution backlog and stronger aerospace sales provide opportunities for growth, although component shortages continue to affect shipment timing. Our strong balance sheet also provides flexibility to invest in growth opportunities while returning capital to shareholders, as reflected in our Board’s recent approval of an additional $1.0 million under our share repurchase program.”