Renishaw, a UK-based precision engineering firm, reported its fiscal year results ending June 30, 2026. Revenue grew 14% to £815.8 million, while adjusted profit before tax rose 32% to £168.0 million. Statutory profit before tax reached £150.0 million, marking a 27% increase.
The company's Position Measurement segment, which produces encoders for semiconductor manufacturing equipment, reported revenue of £260.9 million, a 26% year-on-year increase. The segment's adjusted operating profit grew 53% to £71.5 million, with an operating margin of 27.4%.
CEO Will Lee attributed the growth to demand for AI processing chips. Q4 revenue reached a record £244.2 million, up 28% compared to the same period last year. The company described the start of fiscal year 2027 as strong, with a growing order book.
Renishaw's stock has risen approximately 58% over the past 12 months. The board recommended a final dividend of 65.2p per share, totaling 82.0p for the year, alongside a special interim dividend of 70p. Adjusted operating margin for the company reached 18.7%.
