Trio-Tech revenue jumps 71.6% to $62.6M on AI testing, but gross margin collapses to 8.5% and operating income swings to a loss

Filed September 24, 2026 · Period ending June 30, 2026 · Compared to 10-K Sep 19, 2025 · ~1 min read

Key Changes

• high

  Revenue surged 71.6% to $62.6M, driven by new AI chip final test services in Malaysia, but gross margin fell from 25.1% to 8.5% (-1660 bp) on lower-margin work.

  MD&A: Revenue & Margin verify on EDGAR →
• high

  Operating income swung from a $254K profit to a $204K loss, while net loss narrowed 17.1% to -$34K — the improvement came entirely from below-the-line items, not operations.

  MD&A: Operating Results verify on EDGAR →
• high

  SBS backlog nearly tripled to $19.8M, supporting future revenue but also driving inventory days up from 88 to 112.

  MD&A: Backlog & Working Capital verify on EDGAR →