Technoprobe Spa U/Adr (THNBY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I have now pleasure handing over to the CEO, Mr. Stefano Felici. Please, the floor to you. Good evening and thank you for joining us. I'm with Stefano Beretta, our CFO, presenting the first half 2025 results and the guidance for the third quarter of this year. As usual, Q&A session will follow at the end of the presentation. Revenues recorded in the second quarter has been positively affected by, first of all, a very good performance coming from BIS related to the seasonality of the business. We couldn't benefit last year because of the acquisition was finalized at the end of May. Second, by the long tail of a big AI campaign started at the end of 2024. And third, buy as expected new campaign in the customer market. From a market standpoint, we confirmed trends discussed in our last call in May. About artificial intelligence. So artificial intelligence is doing very well, confirming an extremely strong trend. We are benefiting from our leading position in the testing of the logic chips. And we are assuming a progressive and steady increase in demand for advanced logic testing solutions. Comparing the performance of campaigns in the AI segments with those in the consumer segment, what we have observed is that the former trend tend to have a longer duration than the latter. This implies a contribution spread over multiple quarters as opposed to typically concentrated impact in a single quarter associated with products such as mobile or PCs. Second market is about the consumer market. So consumer exposed markets continue to show modest growth in the second quarter as well. As discussed in our previous polls, We believe the real boost will come from the adoption of AGI. Together with our clients, we are working on solutions capable of testing new products that incorporat...