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Trio-Tech International (TRT) earnings and revenue breakdown

Latest: Q4 FY26 · 10-K filed Sep 24, 2026 · Trio-Tech International (TRT) Q4 FY26 earnings results →

Q4 FY26 Revenue up 40% year over year to $14.9M · 1¢ of every $1 of revenue lost · operating margin -1.8%

Trio-Tech International made $14.9M in Q4 FY26 (+40% Y/Y): Semiconductor Back-end Solutions $12.1M, Industrial Electronics $2.8M, Product and Service, Other $9K. Operating margin -1.8%, net loss $200K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Sep 24, 2026.

Revenue$14.9M
Year over year+40%
Operating margin-1.8%
Net earnings−$200K
Operating cash flow$1.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $14.9M in Q4 FY26, up 40% year over year and down 10% from the previous quarter. Semiconductor Back-end Solutions was the largest line at 81% of revenue.

Gross margin was 18.6%, down 6.0 points from Q4 FY25. Operating costs exceeded revenue by $266K, an operating margin of -1.8%. Operating expenses grew 41% against revenue growth of 40%. The fastest-growing cost line was General & admin (+44%). The quarter ended with a net loss of $200K, wider than the previous quarter's $37K loss.

Operating cash flow was $1.1M. Non-cash charges added back $680K of depreciation and amortization and $176K of share-based compensation. Working capital and other items added $453K. Capital expenditures of $865K left free cash flow of $244K.

Quarterly history

Trio-Tech International revenue by quarterTrio-Tech International revenue by quarter$8.6MQ2 FY25$7.4MQ3 FY25$10.7MQ4 FY25$15.5MQ1 FY26$15.6MQ2 FY26$16.5MQ3 FY26$14.9MQ4 FY26
Trio-Tech International net earnings by quarterTrio-Tech International net earnings by quarter$529KQ2 FY25−$476KQ3 FY25$183KQ4 FY25$77KQ1 FY26$126KQ2 FY26−$37KQ3 FY26−$200KQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2610-KSep 24, 2026$14.9M+40%-1.8%−$200K$1.1M
Q3 FY2610-QMay 14, 2026$16.5M+124%-0.5%−$37K$1.3M
Q2 FY2610-QFeb 13, 2026$15.6M+82%0.6%$126K$134K
Q1 FY2610-QNov 14, 2025$15.5M+58%0.3%$77K$933K
Q4 FY2510-KSep 19, 2025$10.7M+10%4.4%$183K−$664K
Q3 FY2510-QMay 13, 2025$7.4M-29%-4.6%−$476K$781K
Q2 FY2510-QFeb 13, 2025$8.6M-29%0.0%$529K$2.1M

Charts

Trio-Tech International: revenue growth, year over year and quarter over quarterTrio-Tech International: revenue growth, year over year and quarter over quarterY/YQ/Q-29%Q2 FY25-29%-14%Q3 FY25+10%+45%Q4 FY25+58%+45%Q1 FY26+82%+1%Q2 FY26+124%+6%Q3 FY26+40%-10%Q4 FY26
Latest (Q4 FY26): Y/Y +40%, Q/Q -10%.
Trio-Tech International: where the cash came from (+) and went (−), FY26Trio-Tech International: where the cash came from (+) and went (−), FY26Shares issued$11.4MCash drawn (+) / kept (−)−$10.6MPartners−$3.5MOperating cash flow$3.4MCapital spending−$1.7MExchange rates$771KOther investing$719KOther financing−$293KNet borrowing (+) / repaid (−)−$202KBuybacks−$12K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Trio-Tech International: profit against cash, quarter by quarterTrio-Tech International: profit against cash, quarter by quarterNet incomeOperating cash flow−$223K−$1.9MQ1 FY25$529K$2.1MQ2 FY25−$476K$781KQ3 FY25$170K−$664KQ4 FY25$165K$933KQ1 FY26$291K$134KQ2 FY26−$37K$1.3MQ3 FY26−$200K$1.1MQ4 FY26
Latest (Q4 FY26): Net income −$200K, Operating cash flow $1.1M.
Trio-Tech International: diluted shares by fiscal year (split-adjusted)Trio-Tech International: diluted shares by fiscal year (split-adjusted)8MFY218MFY228MFY239MFY249MFY259MFY26
+15.9% since FY21: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY25.
Trio-Tech International: long-term debt falling due (FY26)Trio-Tech International: long-term debt falling due (FY26)$246K2027$189K2028$10K2029
Cash $21.4M, short-term investments $368K, long-term debt $445K at 2026-06-30.
Trio-Tech International in its industry: growth against margin (13 companies, SIC 3559)Trio-Tech International in its industry: growth against margin (13 companies, SIC 3559)revenue growth, year over year →↑ operating marginmedian +12%median 7%LRCXACMRACLSVECOCRCTAZTAASYSVELOERIIGLGISOTKCVVTRT (+40%, -2%)
Special Industry Machinery, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Trio-Tech International

Trio-Tech International (NASDAQ: TRT) is a California-based company operating in the United States, Singapore, Malaysia, Thailand, and China. Founded in 1958, Trio-Tech is a leading provider of semiconductor testing services, manufacturing solutions, and value-added distribution services. The Company’s diversified business segments include semiconductor back-end solutions and industrial electronics. For more information, visit www.triotech.com and www.universalfareast.com .

In its own words, from its 8-K, filed Sep 24, 2026.

Trio-Tech International against its Special Industry Machinery, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +40% against the peers' median +26%. Operating margin: -1.8% against the peers' median 9.9%.

CompanyQuarterRevenueY/YOp. margin
TRT Trio-Tech InternationalQ4 FY26$14.9M+40%-1.8%
LRCX LAM ResearchQ1 FY27$8.2B+54%40.0%
ACMR ACM ResearchQ3 2026$368M+37%15.1%
ACLS Axcelis TechnologiesQ3 2026$238M+11%11.5%
VECO Veeco InstrumentsQ3 2026$209M+26%6.7%
CRCT CricutQ3 2026$189M+11%18.0%
AZTA AzentaQ3 FY26$161M+12%-2.6%
ASYS Amtech SystemsQ3 FY26$22.4M+14%9.9%
VELO Velo3DQ2 2026$20.7M+52%-53.5%

Source: Trio-Tech International 10-K on SEC EDGAR · CIK 732026 · Special Industry Machinery, NEC

13F: who owns TRT and who is buying

Largest holders of TRT (13F)Largest holders of TRT (13F)Renaissance Technologies LLC$4.4MAtomi Financial Group$4.1MVanguard Capital Management LLC$3.8MDimensional Fund Advisors LP$2.3MJane Street Group, LLC$2.3MVanguard Group$1.9MGeode Capital Management, LLC$870KBridgeway Capital Management, LLC$797KBlackRock$703KEAM Investors, LLC$676K
Funds' net buying of TRT by quarter (13F)Funds' net buying of TRT by quarter (13F)−$40K2024-09−$85K2024-12−$46K2025-03$1.8M2025-06−$6K2025-09−$226K2025-12$837K2026-03$614K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TRT

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

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