Mycronic Ab · OMXSTO:MYCR
Mycronic Ab — Q1 2026 Earnings Presentation
30 slides from Mycronic Ab's earnings presentation, Apr 24, 2026
Slide 1: First quarter 2026
~*~ <=... Sa First quarters2026 f
Slide 2: President and CEO
President and CEO Anders Lindqvist 2
Slide 3: Agenda
Agenda • Q1 in short • Divisional development • Financials • Sustainability • Q&A • Appendix – Market update 3
Slide 4: Q1 in short
Q1 in short Record first quarter • Order intake increased 23% to SEK 2,529 (2,058) million • Stellar development in Global Technologies • Record net sales, increasing 17% compared with previous record quarter, to SEK 2,503 (2,142) million • All four divisions posting increases • Record EBIT, at SEK
Slide 5: Pattern Generators
Pattern Generators Share of Group’s net sales Net sales SEK 1,291 M EBIT SEK 831 M Record net sales and EBIT 52% Order intake SEK 597 M EBIT margin 64% • The acquisition of Cowin DST received regulatory approval in South Korea and was closed • Order intake decreased 38% to SEK 597 (956) million • Or
Slide 6: PCB Assembly Solutions
PCB Assembly Solutions Continued weak markets • The headwind in the European market continued during the first quarter and the US market was also weak • Customers typically held off placing orders until they received firm order commitments from their customers • Order intake declined 3% to SEK 287 (
Slide 7: High Volume
High Volume Strong market demand • Demand was strong in the Chinese domestic market • Markets outside China also showed a positive development, mainly the aerospace industry in North America • The first machines in the new factory in Thailand were assembled • Order intake increased 33% to a record S
Slide 8: Global Technologies
Global Technologies Stellar order intake • Acquisition of ETZ, which manufactures test probes • AI-driven demand behind strong market development for the PCB Test and Die Bonding business lines • Order intake increased 260% to SEK 915 (254) million • Net sales increased 52% to SEK 492 (323) million
Slide 9: Outlook 2026 revised upwards
Outlook 2026 revised upwards Net sales SEK 8.75 (8.25) billion 9
Slide 10: CFO and Sr VP Corporate Development
CFO and Sr VP Corporate Development Pierre Brorsson 10
Slide 11: Group net sales and EBIT margin per quarter
Group net sales and EBIT margin per quarter MSEK % 3000 40 35 2500 • Net sales increased 17% vs Q1 2025, to SEK 2,503 30 million 2000 25 • Aftermarket revenue at SEK 525 million 1500 20 • EBIT margin at 37% 15 1000 10 500 5 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2024 2025 2026 Aftermarket System EBIT margin 11
Slide 12: Group net sales and EBIT margin rolling 12 months
Group net sales and EBIT margin rolling 12 months MSEK % 9000 50 8000 45 • Net sales R12 amounted to SEK 8,300 million 7000 40 35 • EBIT margin R12 at 25% 6000 5000 30 • Aftermarket revenue R12 at SEK 1,971 million 25 4000 • 24% of net sales 20 3000 15 2000 10 1000 5 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 202
Slide 13: Group Q1 EBIT bridge
Group Q1 EBIT bridge MSEK +21% -13 938 -73 220 -23 -18 70 775 EBIT YTD Volume Margin R&D M&S G&A Other EBIT YTD 2025 effect effect 2026 % of Sales 2025 36% 61% -10% -8% -5% -1% % of Sales 2026 61% -12% -8% -5% 2% 37% 13
Slide 14: Divisional Q1 EBIT contribution
Divisional Q1 EBIT contribution MSEK 37% 65 17 938 36% 79 21 -20 775 Q1 2025 Pattern Generators PCB AS High Volume Global Technologies Group functions Q1 2026 14
Slide 15: Strong cash flow despite working capital increase and acquisitions
Strong cash flow despite working capital increase and acquisitions MSEK Q1 2026 Q1 2025 Cash flow from operations • Very strong cash flow from operations before change in working capital 944 686 • Increase in working capital driven primarily by higher Change in working capital -333 -444 trade receiv
Slide 16: President and CEO
President and CEO Anders Lindqvist 16
Slide 17: Sustainability
Sustainability • Mycronic has reached its science-based targets regarding Scope 1 and 2 greenhouse gas emissions, while additional efforts are required to meet the Scope 3 target related to emissions from the use of sold products • A key initiative to reduce emissions from product use is Pattern Gen
Slide 18: Q&A
Q&A 18
Slide 19: Appendix: Q1 2026 Market update
APPENDIX Q1 2026 Market update
Slide 20: Preliminary outcome 2025
Preliminary outcome 2025 Market summary and updates • Global electronics industry 10.0% to USD 2,809 billion1) • Semiconductors 22.5% to USD 769 billion1) • Optical components 36.9% to USD 22.5 billion3) • PCBs 15.8% to USD 85.2 billion4) • Display market -1.8% to USD 133 billion5) • Display photoma
Slide 21: Forecasts 2026
Forecasts 2026 Market summary and updates • Global electronics industry 8.0% to reach USD 3,035 billion1) • Semiconductor industry 29.8% to reach USD 998 billion1) • Optical components 30.7% to reach USD 29.4 billion2) • PCBs 12.5% to reach USD 95.8 billion3) • Displays -1.5% to USD 131 billion4) •
Slide 22: Electronics industry systems
Electronics industry systems Yearly development by industry segment • Growth of 10.0% estimated for 2025, to reach USD billion USD 2,809 billion, with strongest development in 4 000 • Computers 21.4% • Aerospace/Defense 9.1% 3 500 • Communication 8.0% 3 000 • Medical 7.6% 2 500 • Growth of 8.0% fore
Slide 23: Semiconductors
Semiconductors Quarterly development USD billion 300 • Estimated 22.5% growth in 2025 to 275 reach USD 769 billion 250 • Forecast 29.8% growth in 2026 to 225 reach USD 998 billion 200 • 8.0% CAGR expected for 2025-2030, 175 to reach USD 1,130 billion 150 125 100 75 50 25 0 2020 2021 2022 2023 2024 2
Slide 24: SMT and Dispensing
SMT and Dispensing Market update SMT assembly equipment* • The SMT assembly equipment market declined 7.7% in 2024 to USD 2,077 million1) • The segment SMT robots for component mounting grew 25.2% in 2025, to USD 2,600 million. Markets in Southeast Asia and China showed growth while North and South
Slide 25: Optical components for data/telecom
Optical components for data/telecom Long-term growth in key die bonding market driven by mega trends Optical components for data/telecom Market share of key optical component suppliers, 2025 (BUSD) Total revenue $24.1 BUSD Ethernet transceivers for AI 80.0 Others Ethernet transceivers for non-AI 15.
Slide 26: Pattern Generators - display panel market
Pattern Generators - display panel market Slight decline 2025-26 despite stable area growth, with growth resuming in 2027 BUSD Display panel revenue Display panel area Million m2 250 2.8% 350 314 301 306 200 1.6% 300 280 290 264 273 143 250 150 135 133 131 135 139 140 200 100 150 100 50 50 0 0 2024A
Slide 27: Pattern Generators - OLED display panel market
Pattern Generators - OLED display panel market OLED panel area grows strongly, but price pressure drives negative market growth in 2025-2026 OLED display panel area BUSD OLED display panel revenue Million m2 100 30 6.9% 28 26 25 24 80 4.1% 22 63 19 20 57 60 20 18 60 54 51 55 50 15 40 10 20 5 0 0 202
Slide 28: Pattern Generators - display photomask market
Pattern Generators - display photomask market Developed positively 2025, forecast to stay on similar level 2026 Billion Japanese Yen Thousands of square meters Mask Revenue Mask Area 200 30 1.8% 1.0% 25 150 20 100 15 10 50 5 0 0 2024A 2025E 2026F 2027F 2028F 2029F 2024A 2025E 2026F 2027F 2028F 2029F
Slide 29: Pattern Generators - OLED display photomask market
Pattern Generators - OLED display photomask market Increasing photomask demand for OLED displays - 2026 expected to be another positive year Thousands of square meters Mask Area OLED 10 • OLED development for mobile, IT and TV displays drives demand 5.1% 9 for OLED photomasks 8 • The transition to O
Slide 30: Bringing tomorrow's electronics to life
Bringing tomorrow’s electronics to life MYCRONIC