ViTrox posts record third-quarter results, sees bright outlook for semiconductor sector

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ViTrox posts record results and sees bright outlook

Highlights

ViTrox’s 3QFY2026 net profit more than tripled to RM118.8 million, while revenue rose 110% to RM485.1 million year on year.
In the first nine months of 2026, net profit surged to RM254.8 million and revenue reached RM1.13 billion, driven by strong demand for AI infrastructure and electronic manufacturing.
ViTrox sees a bright 2027 outlook on demand for AI and high-bandwidth memory, despite its shares falling 2.8% to RM10.60 after the results announcement.

This article was translated from the original. Read the original version by our correspondent here.

Third-quarter performance and growth drivers

According to The Edge Malaysia, citing an exchange filing, ViTrox’s net profit for the three months ended 30 Sept 2026, or 3QFY2026, more than tripled to RM118.8 million from RM34.7 million a year earlier. Revenue rose by more than 110% year on year to RM485.1 million.

The Penang-based company makes machines used to automatically inspect and detect defects in semiconductor components and printed circuit board assemblies. ViTrox said higher sales volumes helped lower unit costs, contributing to the record quarterly performance.

For the first nine months of the year, net profit rose to RM254.8 million from RM87 million a year earlier. Revenue for the same period also surged to RM1.13 billion from RM552.7 million, supported by continued capital expenditure amid strong demand for AI infrastructure and electronic manufacturing.

2027 outlook and market impact

Looking ahead, ViTrox sees a positive outlook for the rest of this financial year and into 2027. The company aims to capitalise on the increasing complexity of AI accelerators and high-bandwidth memory as industry demand continues to grow.

ViTrox said the group would continue to exercise prudent cost management and operational discipline to mitigate potential risks from foreign exchange volatility and geopolitical uncertainty. No interim dividend was declared for the quarter under review, although the company paid 1.18 sen per share in July.

ViTrox shares closed at RM10.60 on Thursday, down 30 sen or 2.8%, giving it a market capitalisation of about RM20 billion before the results announcement. The performance underscores how Malaysian semiconductor equipment makers continue to benefit from the broader AI and data centre investment cycle.

In our earlier coverage of Budget 2027’s focus on strengthening the high-value semiconductor industry, we discussed funding allocations to help local companies move up the value chain, including integrated circuit design and support for early-stage companies. We also highlighted how these initiatives target stronger R&D, local supply chains and productivity, so that the benefits of industry growth can translate into a broader economic impact.

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