Technoprobe Spa U/Adr (THNBY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone, and thank you for joining us. I'm here today with Stefano Beretta, our CFO. Together, we'll walk you through Technoprop's full year 2025 results and provide our guidance for the first quarter of this year. As usual, we will leave time for Q&A at the end of the presentation. Let me start with the key takeaway. 2025 confirmed Technoprobe's leadership in testing solutions for artificial intelligence logic chips. Based on our initial assumptions regarding organic growth and market mix, we delivered on our revenue targets and expectations in terms of AI exposures. This performance reflects the investments we have made over the past few years, together with TechnoPro's strong and well-established expertise in MEMS technology, which continues to underpin our leadership in advanced testing. This result was mainly driven by a strong increase in data center GPU volumes, which is expected to remain the key growth driver also this year. At this stage, demand appears both solid and well supported. It is also worth highlighting that AI chips, as well as the most advanced semiconductor devices, require extremely high performance, low power consumption, and very fast data processing capabilities. These requirements are enabled by advanced packaging architectures, which integrate multiple components in the single electronic device using highly sophisticated technologies. As a result, these architectures require advanced testing solutions based on MEMS technologies. And this supports our expectation of a progressive and steady increase in demand for advanced logic testing solutions. Moving to the consumer segment, which for us mainly includes PCs and mobile devices, 2025 was essentially a year of stabilization. Looking ahead, we expect moderate growth in 2026, ...