Renishaw plc (RSW) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Right. Good morning everyone. Welcome to our interim results presentation. It's great to be back here in person seeing you all after I think it's been quite a long gap. It's also very handy to be doing it on the back of a good set of H1 results which always helps So let's crack on and have a little look through these. In terms of structure, actually I'm going to go through some of the highlights. Mark's going to talk through the financials in more detail. And then I'm going to give some highlights before we do the Q&A on our progress against some of our strategic priorities. First of all, positive news in terms of revenue with this real pickup that we saw in Q2. Still underlying quite mixed market conditions. Two standout areas probably for us has been the demand from our customers who make the equipment, the semiconductor manufacturing equipment, and that's for our encoder product line. And also significant interest from the defense industry, which is a more broader cross-sector of products. A real significance, I think, for us, though, is not just the responding to the market conditions and the great job we do there, but it's actually on our emerging businesses and the progress that we're making there. So these are the bets that we are placing, the investments that we're making for the future, for the long term of Renishaw. And I'm going to go through with you later on some of the progress that we have made there. Thirdly, just wanted to stress, clearly, we are an organization. We pride ourselves in our investment in engineering and R&D for our long-term growth. The output of that is what is key, and we have had some really significant new product launches recently. Genuine excitement, particularly from our sales team on the opportunities that they now see from mak...