Technoprobe Spa U/Adr (THNBY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and thank you for joining us. Together with Stefano Beretta, our CFO, I will go through 2025 nine-month results and guidance for the last quarter of this year. As usual, Q&A session will follow at the end of the presentation. The results achieved in the third quarter are aligned with the guidance shared in August and on a sequential basis have been affected by, first, The upside coming from the consumer campaign and the long tail of the AI campaign we had in the second quarter. Second, the lower contribution from BIS, whose results were in line with first quarter 2025 for seasonality reason. Looking at different market segments, First, the artificial intelligence is performing exceptionally well, confirming an extremely strong trend through the last quarter of 2025 and in 2026. We maintain our leading position in testing lodging chips this year and we expect to confirm this positioning also next year. Second, the consumer exposed markets continue to show modest growth also in the third quarter As discussed in our previous call, we believe the real boost will come from the adoption of AGI. Third, the automotive and industrial segments confirm a weaker performance with industrial performing slightly better than automotive. This trend should improve in the last quarter of the year as a result of a stabilization in automotive markets. Trends rose in the last month of the year make us confident that we will exceed the growth target for 2025, both in terms of revenues and margins, introducing a very positive outlook for 2026, particularly for the first half. We have been asked by our clients to support the high growth they expect for the next year, and we are projecting a manufacturing expansion plan to double the capacity in the next 24 months. Now I will tur...