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May 15, 2026 12:40 PM

Trio-Tech Gains After Q3 Results Highlight AI, EV Chip Demand

Trio-Tech International (NYSE:TRT) shares spiked after it reported fiscal third-quarter 2026 results on Thursday.

The semiconductor testing company reported strong revenue growth, driven by demand for AI and automotive chips for EVs.

Sales rose to $16.511 million from $7.384 million a year earlier. The company did not provide analyst estimates for revenue or earnings.

Profitability Improves Despite Margin Pressure

GAAP net loss attributable to common shareholders narrowed to $38,000, or approximately breakeven per diluted share, from a net loss of $495,000, or $0.06 per diluted share, in the prior-year quarter.

Operating loss improved to $81,000 from $343,000 a year earlier. Gross margin rose to $2.6 million from $2 million, while margin percentage declined to 16% from 27% due to a higher mix of lower-margin testing services.

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