Renishaw PLC, a global leader in measuring and manufacturing systems, announced its half-year financial results for FY2026, ending December 31, 2025. The company reported strong performance with revenue growth across all business segments, particularly in emerging product lines like additive manufacturing and enclosed optical encoders. Key highlights include
**Revenue Growth**A 7.1% increase in revenue to £365.6 million, with a 14.1% surge in Q2 compared to Q1, driven by strong demand in the Americas and APAC regions.
**Profitability**Adjusted operating profit rose 11.4% to £57.5 million, with a margin improvement to 15.7%. Statutory profit before tax was £46.0 million, impacted by £18.0 million in restructuring and one-off costs.
**Order Book Strength**Significant growth in the order book, particularly in Q2, supported by demand in semiconductor, defense, and electrification sectors.
**Emerging Products**Strong traction in additive manufacturing, coordinate measuring machines, and gauging systems, contributing to overall growth.
**Cash Position**Robust balance sheet with cash and deposits of £240.9 million, despite dividend payments and restructuring outflows.
**Dividend**Interim dividend maintained at 16.8 pence per share.
**Outlook**Expects FY2026 revenue between £740 million and £780 million, with adjusted profit before tax ranging from £132 million to £157 million, despite mixed market conditions.
Renishaw remains focused on innovation, sustainability, and strategic growth, with continued investment in R&D and expansion into high-growth markets. The company is confident in achieving strong full-year performance despite ongoing economic and geopolitical uncertainties.