Technoprobe (TPRO) Q3 2025 earnings summary

Executive summary

• Revenues for the first nine months of 2025 reached €466.6m, up 20.6% year-over-year, driven by AI demand, consumer segment recovery, and DisTech acquisition contributions.

• EBITDA for the same period rose 53.3% year-over-year to €146.1m, with margin improvement attributed to production efficiency, operating leverage, and integration synergies.

• Net financial position as of September 30, 2025, was €665.7m, reflecting robust liquidity and disciplined capital allocation.

Financial highlights

• Q3 2025 revenues were €140.7m, down 3.5% year-over-year and down 16.6% sequentially.

• Q3 2025 gross profit was €56.7m, down 4.6% year-over-year, with a margin of 40.3%.

• Q3 2025 EBITDA was €39.8m, up 15.0% year-over-year, with a margin of 28.2%.

• 9M 2025 gross profit was €207.3m, up 29.5% year-over-year, with a margin of 44.4%.

• Revenue growth of 20.6% year-over-year, supported by AI and consumer market trends.

Outlook and guidance

• Q4 2025 revenue guidance is €160m (+/- 3%), with a gross margin of 46% (+/- 200bps) and EBITDA margin of 34.7% (+/- 200bps).

• Full-year 2025 expected to close with significant revenue growth and margin improvement over 2024, despite market volatility and currency headwinds.

• 2026 anticipated to be promising for semiconductor testing, with continued investment in advanced solutions and capacity expansion.