Technoprobe — Earnings Release 2026

May 14, 2026

teleborsa

Informazione Regolamentata n. 20250-24-2026	Data/Ora Inizio Diffusione 14 Maggio 2026 17:45:04	Euronext Milan

Societa': TECHNOPROBE

Utenza - referente : TECHNOPROBEN04 - Di Terlizzi

Tipologia : 3.1

Data/Ora Ricezione : 14 Maggio 2026 17:45:04

Oggetto : Board of Directors approves the Consolidated Financial Results at March 31, 2026

Testo del comunicato

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TECHNOPROBE

IMQ CERTIFIED QUALITY MANAGEMENT SYSTEM ISO 9001:2015

CERTIFIED IQNET MANAGEMENT SYSTEM

1

Technoprobe S.p.A.

Via Cavalieri di Vittorio Veneto, 2

23870, Cernusco Lombardone (LC) - Italy

www.technoprobe.com

PRESS RELEASE

Board of Directors approves the Consolidated Financial Results at March 31, 2026¹

Record sequential results driven by streamlining production processes, investments in production capacity, and the steady increase in demand driven by artificial intelligence, contributed to raising expectations for the second quarter and significantly revising upwards those for the second half of the current year.

• Consolidated Revenues of €187.0 million, up 19.0% compared to the first quarter 2025
• Consolidated Ebitda of €69.2 million, up 44.2% compared to the first quarter 2025, with a margin of 37.0%
• Positive Consolidated Net Financial Position of €660.5 million
• The revenues and Ebitda margin targets expected for 2027 will be anticipated to 2026 and revised upwards already in the current financial year: Consolidated revenues: €950-€1,050m; Ebitda margin: 44%-46%

Cernusco Lombardone (LC), May 14, 2026 – The Board of Directors of Technoprobe S.p.A., a company listed on Euronext Milan and leader in the design and production of probe cards (the "Company" or "Technoprobe"), met today to examine and approve the consolidated results as at March 31, 2026.

Stefano Felici, Chief Executive Officer, said: "The exceptional nature of the current semiconductor expansion cycle makes manufacturing capacity availability an extremely critical factor in meeting demand.

First quarter 2026 results set a new all-time record, the second consecutive one for Technoprobe, confirming the effectiveness of the production capacity expansion and optimization initiatives implemented since the end of 2025 and expected to continue expanding throughout the current year. Capacity will be further increased with the start-up of the new manufacturing facility in the Cernusco Lombardone area, scheduled to become operational in the first half of 2027.

Manufacturing efficiency activities are progressing at a significantly faster pace and with greater effectiveness than originally anticipated at the beginning of the year. The increase in production capacity, combined with the continued expansion of volumes primarily driven by artificial intelligence-related demand, leads us to expect strong sequential growth in the second quarter, both in terms of revenues and profitability.

This trend is expected to continue into the second half of the year, leading us to anticipate the achievement of our 2027 Revenue and EBITDA Margin targets already in 2026 and to revise them significantly upward."

¹ It should be noted that the figures as at March 31, 2026 presented to the Company’s Board of Directors on May 14, 2026 were not audited.

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TECHNOPROBE

IMQ CERTIFIED QUALITY MANAGEMENT SYSTEM ISO 9001:2015

CERTIFIED IQNET MANAGEMENT SYSTEM

1

Technoprobe S.p.A.

Via Cavalieri di Vittorio Veneto, 2

23870, Cernusco Lombardone (LC) - Italy

www.technoprobe.com

Financial Results at March 31, 2026

Consolidated revenues as at March 31, 2026 were €187.0 million, up 19.0% compared to the same period of 2025, thanks to the contribution of the growing volumes related to artificial intelligence. We also note moderate growth in the consumer segment, together with a positive contribution from the gradual recovery of the automotive and industrial segments.

Consolidated EBITDA amounted to €69.2 million, with a margin of 37.0%, representing a year-on-year increase of more than 44.0%, with an improvement of 650 basis points, mainly driven by the positive effect of operating leverage.

As at March 31, 2026, the consolidated net financial position was positive for €660.5 million: cash generated from operating activities, amounting to €2 million, together with the foreign exchange adjustment on existing cash balances not denominated in Euro, totalling €8 million, were offset by investments made during the period amounting to €34 million.

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Business Outlook

The first quarter of 2026 confirms the particularly positive momentum for the semiconductor testing industry, driven by the continued growth in volumes required by both foundries and IDM's (integrated device manufacturers).

To date, expectations for the remainder of the year have improved compared to what was communicated in previous months, mainly as a result of the combined effect of cyclical and structural factors:

• artificial intelligence continues to accelerate its growth trajectory, driving the entire semiconductor industry across both logic chips and memory, with continuously increasing demand supported not only by the model training phase but also by the subsequent model inference phase, while also fostering the development and adoption of Advanced Packaging configurations;
• the consumer market, although still characterized by modest growth, is beginning to benefit from new premium demand related to the development of artificial intelligence PCs, together with improved resilience in the mobile segment;
• the automotive and industrial segments are showing signs of stabilization linked to the potential conclusion of the inventory correction phase.

These dynamics are further supported by the benefits arising from manufacturing process optimization activities, which are materializing more rapidly than initially expected at the beginning of the year, enabling the recovery of production capacity and generating a consequent positive operating leverage effect on profitability.

Despite the instability of the geopolitical environment and global trade policies, the favourable industry backdrop is expected to continue into the second half of the year, with a particularly positive impact on the Company's revenue and profitability expectations for the remainder of the year.

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T

TECHNOPROBE

IMQ CERTIFIED QUALITY MANAGEMENT SYSTEM ISO 9001:2015

CERTIFIED IQNET MANAGEMENT SYSTEM

1

Technoprobe S.p.A.
Via Cavalieri di Vittorio Veneto, 2
23870, Cernusco Lombardone (LC) - Italy
www.technoprobe.com

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Q2 2026 guidance and 2027 Revenue and EBITDA Margin Targets update

• In light of the current situation, the Company provides the following outlook for the second quarter of 2026:

Consolidated Revenues: €266m (+/-3%)

Gross margin: 55.0% (+/-200 bps)

Ebitda margin: 45.0% (+/-200 bps)

• Revenue (€850-€900 million) and Ebitda margin (38%-40%) targets originally expected for 2027 are significantly accelerated already for the 2026 financial year, with new 2026 targets of Revenue (€950-€1,050 million) and Ebitda margin (44%-46%).

Mr. Stefano Beretta, the officer in charge of preparing the corporate accounting documents of Technoprobe S.p.A. declares that pursuant to paragraph 2, Art. 154 bis of the Consolidated Law on Finance, to the best of his knowledge, the accounting information contained in the Presentation corresponds to the documental results, accounting books and records.

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Results as at March 31, 2026 will be presented to the financial community during an audio webcast conference call today at 6:00 P.M. CEST.

This press release and the presentation will be available on Technoprobe's website https://www.technoprobe.com, in the Investor Relations section and on the authorized storage system named eMarket Storage" ().

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Contacts

Technoprobe S.p.A.
Investor Relator
Ines Di Terlizzi
Email: ir@technoprobe.com

Technoprobe S.p.A.
Communication & Marketing Manager
Paolo Cavallotti
Email: paolo.cavallotti@technoprobe.com

Technoprobe Group

Technoprobe is a leading company in the field of semiconductors and microelectronics. Established in 1996, Technoprobe is focused on the design and manufacture of Probe Cards, i.e. electro-mechanical interfaces used for the functional testing of chips. Probe cards are hi-tech devices that are custom-made for each chip and allow the function of chips to be tested during the manufacturing process. These technologically-advanced designs and solutions are essential for ensuring the proper functioning and reliability of devices that play a crucial role in industries such as Information Technology, 5G, Internet of Things, home automation, automotive, aerospace, etc. Technoprobe headquarters are in Cernusco Lombardone (LC). Since May 2nd, 2023 shares have been transferred to Euronext Milano segment. For more information, visit the website: www.technoprobe.com

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TECNNOPROBE

IMQ CERTIFIED QUALITY MANAGEMENT SYSTEM ISO 9001:2015

CERTIFIED IQNET CERTIFICATION

Technoprobe S.p.A.
Via Cavalieri di Vittorio Veneto, 2
23870, Cernusco Lombardone (LC) - Italy
www.technoprobe.com

Forward-looking statements

Certain statements contained in this press release may constitute forward looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements concern risks, uncertainties and other factors that could cause actual results to differ, even materially substantial, from those anticipated. These risks and uncertainties include, by way of example but not limited to, the ability to manage the effects of the current uncertain international economic situation, the ability to predict future economic conditions and changes in customer preferences, the ability to successfully introduce and commercialize new products, the ability to maintain an efficient distribution system, the ability to achieve and manage growth, the ability to negotiate and maintain favorable license agreements, currency fluctuations, changes in local conditions, the ability to protect intellectual property, information systems problems, inventory risks, credit and insurance risks, changes in tax regimes, as well as other political, economic, legal and technological factors and other risks and uncertainties already highlighted in the filings carried out at the National Commission for Companies and the Stock Exchange. These forwardlooking statements have been made as of today and we undertake no obligation to update them.

Alternative performance indicators

This document, in addition to the financial measures provided for by the International Financial Reporting Standards (IFRS), also includes measures derived from the latter, even though not provided for by the IFRS (Non-GAAP Measures), in compliance with the ESMA Guidelines on Alternative Performance Indicators (ESMA/2015/1415) published on October 5, 2015. These measures are presented in order to allow for a better assessment of the Group's result of operations and financial condition and should not be considered as alternatives to those required by the IFRS. Since the calculation of these measures is not governed by the applicable accounting standards, the calculation methods applied by the Group may not be consistent with those used by other companies or groups and therefore these indicators may not be comparable. Therefore, investors should not place undue reliance on such indicators.

Specifically, the Non-GAAP Measures presented were as follows:

• EBITDA defined as Net Profit adjusted for: (i) income tax expenses, (ii) foreign exchange gains (losses), (iii) net finance income (expenses), (iv) other income (expenses), net, (v) net impairment of financial assets and (vi) depreciation, amortization and impairment included in Selling, general and administrative, Research and development and Cost of revenue.

• Net Financial Position determined in accordance with the provisions of CONSOB communication DEM/6064293 of July 28, 2006, as subsequently amended and in compliance with the ESMA 32-382-1138 Recommendation of March 4, 2021.

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Fine Comunicato n.20250-24-2026	Numero di Pagine: 6