AT&S announced key terms with AMD and another technology customer for additional AI and high-performance-computing substrate capacity. It raised its FY2026/27 currency-adjusted revenue-growth outlook to 45–55% and EBITDA-margin outlook to 32–37%.
AT&S reported April–June 2026 revenue of €548.7 million and EBITDA of €165 million. Microelectronics external revenue rose €162.7 million from a year earlier, more than the group’s €149.8 million increase.
Marvell identified as the second expansion customer
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By Intermission· 2,225 words
Why has AT&S Austria Technologie & Systemtechnik increased in price so much in the past year?
Starting share price: €22
[1]AT&S closed at €22 in Vienna, the matched starting point for the one-year price comparison.
The later rally is measured against this exchange close, not the rejected September 25 price.
Annual results show improving cash generation
[18]AT&S reported FY2025/26 revenue of €1.791 billion and operating cash flow of €413.7 million, versus negative €74.5 million the preceding year.
AMD-linked Kulim expansion and guidance upgrade
[3][10]AT&S announced key terms with AMD and another technology customer for additional AI and high-performance-computing substrate capacity. It raised its FY2026/27 currency-adjusted revenue-growth outlook to 45–55% and EBITDA-margin outlook to 32–37%.
€400 million hybrid financing placed
[19]AT&S announced placement of a €400 million deeply subordinated perpetual convertible bond.
Quarterly results substantiate the substrate recovery
[14]AT&S reported April–June 2026 revenue of €548.7 million and EBITDA of €165 million. Microelectronics external revenue rose €162.7 million from a year earlier, more than the group’s €149.8 million increase.
Marvell identified as the second expansion customer
[4][2]AT&S and Marvell announced an expanded advanced-substrate collaboration for AI infrastructure. AT&S shares rose 10.4% that session.
Shares close at €203.50
[1][2]The last Vienna close before the September 27 note was €203.50, up 825% from the matched September 2025 close.
Sources
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