Major Estimate Revision • May 17
Consensus revenue estimates increase by 29% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from €753.0m to €968.0m. EPS estimate increased from €0.253 to €0.366 per share. Net income forecast to grow 146% next year vs 29% growth forecast for Semiconductor industry in Italy. Consensus price target up from €17.20 to €23.56. Share price rose 30% to €26.08 over the past week. Actualités en direct • May 16
Technoprobe Shares Jump on Record Q1 Results and Higher 2026 Targets Driven by AI Demand Technoprobe reported record Q1 2026 results, with revenue up 19% year over year and Q1 EBITDA at €69.2m.
Management highlighted margin expansion supported by demand linked to artificial intelligence and prior investments in manufacturing capacity.
The company raised and accelerated its revenue and profitability targets for 2026, pointing to expectations of continued sequential growth supported mainly by AI-related demand.
The key takeaway is that AI-related activity is now a central driver for Technoprobe, with current demand feeding through to both revenue and margins and prompting management to lift its medium-term goals.
Investors may want to pay close attention to how dependent these upgraded 2026 targets are on AI spending trends and on the company’s ability to keep its expanded manufacturing capacity efficiently utilized. Price Target Changed • May 15
Price target increased by 39% to €23.56 Up from €16.92, the current price target is an average from 7 analysts. New target price is 9.7% below last closing price of €26.08. Stock is up 259% over the past year. The company is forecast to post earnings per share of €0.25 for next year compared to €0.15 last year. Annonce • Mar 23
Technoprobe S.p.A., Annual General Meeting, Apr 23, 2026 Technoprobe S.p.A., Annual General Meeting, Apr 23, 2026, at 15:00 W. Europe Standard Time. Reported Earnings • Mar 19
Full year 2025 earnings released Full year 2025 results: Revenue: €628.4m (up 16% from FY 2024). Net income: €98.8m (up 55% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. New Risk • Mar 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Price Target Changed • Feb 11
Price target increased by 9.4% to €15.73 Up from €14.37, the current price target is an average from 7 analysts. New target price is 11% below last closing price of €17.59. Stock is up 181% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.10 last year. Price Target Changed • Jan 20
Price target increased by 8.0% to €13.51 Up from €12.51, the current price target is an average from 7 analysts. New target price is 16% below last closing price of €16.00. Stock is up 152% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.10 last year. Price Target Changed • Jan 06
Price target increased by 7.6% to €11.80 Up from €10.97, the current price target is an average from 7 analysts. New target price is 9.7% below last closing price of €13.07. Stock is up 98% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.10 last year. Price Target Changed • Oct 05
Price target increased by 7.2% to €8.45 Up from €7.88, the current price target is an average from 7 analysts. New target price is 5.5% below last closing price of €8.94. Stock is up 47% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.10 last year. Price Target Changed • Sep 26
Price target increased by 9.4% to €8.16 Up from €7.46, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of €8.37. Stock is up 29% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.10 last year. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €8.50, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 20% over the past three years. Reported Earnings • Aug 11
First half 2025 earnings released: EPS: €0.051 (vs €0.044 in 1H 2024) First half 2025 results: EPS: €0.051 (up from €0.044 in 1H 2024). Revenue: €325.9m (up 35% from 1H 2024). Net income: €33.2m (up 23% from 1H 2024). Profit margin: 10% (down from 11% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annonce • Jun 11
Technoprobe S.p.A. has completed a Follow-on Equity Offering in the amount of €70 million. Technoprobe S.p.A. has completed a Follow-on Equity Offering in the amount of €70 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: €7
Transaction Features: Subsequent Direct Listing Price Target Changed • Jun 03
Price target increased by 7.3% to €7.73 Up from €7.20, the current price target is an average from 7 analysts. New target price is 7.3% above last closing price of €7.20. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.17 for next year compared to €0.10 last year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.91, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 3.2% over the past three years. Reported Earnings • Apr 10
Full year 2024 earnings: Revenues exceed analyst expectations Full year 2024 results: Revenue: €543.2m (up 33% from FY 2023). Net income: €63.8m (down 34% from FY 2023). Profit margin: 12% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €4.82, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 10x in the Semiconductor industry in Europe. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.91 per share. New Risk • Mar 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. New Risk • Sep 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €570.3m to €556.2m. EPS estimate also fell from €0.158 per share to €0.116 per share. Net income forecast to grow 6.4% next year vs 11% growth forecast for Semiconductor industry in Italy. Consensus price target down from €8.92 to €7.85. Share price fell 13% to €7.17 over the past week. Reported Earnings • Aug 12
First half 2024 earnings released First half 2024 results: Revenue: €241.1m (up 23% from 1H 2023). Net income: €28.1m (down 6.9% from 1H 2023). Profit margin: 12% (down from 15% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Europe. Price Target Changed • Aug 11
Price target decreased by 9.5% to €8.07 Down from €8.92, the current price target is an average from 6 analysts. New target price is 13% above last closing price of €7.16. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.16 last year. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: €409.3m (down 25% from FY 2022). Net income: €97.4m (down 34% from FY 2022). Profit margin: 24% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. Price Target Changed • Feb 21
Price target increased by 10% to €7.75 Up from €7.02, the current price target is an average from 4 analysts. New target price is 15% below last closing price of €9.14. Stock is up 31% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.25 last year. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €9.69, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 18x in the Semiconductor industry in Europe. Total returns to shareholders of 38% over the past year. Annonce • Nov 09
Technoprobe S.p.A. (BIT:TPRO) has entered into an agreement to acquire Device Interface Solutions Business of Teradyne, Inc. for $85 million net of cash and debt. Technoprobe S.p.A. (BIT:TPRO) has entered into an agreement to acquire Device Interface Solutions Business of Teradyne, Inc. for $85 million net of cash and debt November 7, 2023. In a related transaction Teradyne, Inc. entered into an Investment Agreement with Technoprobe S.p.A., T-Plus S.p.A., and Teradyne International Holdings, B.V. Under the terms of the transactions Teradyne will make an approximately $516 million equity investment, based on current foreign exchange rates, in Technoprobe representing a 10% ownership interest. The Device Interface Solutions Business will be acquired by Technoprobe through its own funds, without recourse to any indebtedness. Consummation of the sale of the Device Interface Solutions Business is subject to customary conditions, including, among other things, (i) clearance from the Committee on Foreign Investment in the United States, (ii) merger control review in Taiwan, (iii) the absence of a material adverse effect with respect to the Device Interface Solutions Business and (iv) the concurrent closing of the Investment, CFIUS and Foreign Direct Investment filings in certain other jurisdictions, as well as merger control filings in Taiwan and in the U.S. under Hart-Scott Rodino. These transactions are expected to close in the first half of 2024. J.P. Morgan Securities LLC and Lazard S.r.l. acted as financial advisors to Teradyne for the transaction. Shearman & Sterling LLP and Chiomenti acted as legal counsel to Teradyne. Mediobanca acted as financial advisor to Technoprobe. Gianni & Origoni and Bryan Cave Leighton Paisner acted as legal counsel to Technoprobe. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €436.0m to €430.4m. EPS estimate also fell from €0.16 per share to €0.135 per share. Net income forecast to grow 3.5% next year vs 8.7% growth forecast for Semiconductor industry in Italy. Consensus price target down from €7.10 to €6.93. Share price rose 2.9% to €7.62 over the past week. Reported Earnings • Aug 11
First half 2023 earnings released First half 2023 results: Revenue: €196.3m (down 22% from 1H 2022). Net income: €31.1m (down 53% from 1H 2022). Profit margin: 16% (down from 26% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Aug 09
Technoprobe S.p.A. (BIT:TPRO) completed the acquisition of Harbor Electronics, Inc. from Shenzhen Fastprint Circuit Tech Co.,Ltd. Technoprobe S.p.A. (BIT:TPRO) signed a binding offer to acquire Harbor Electronics, Inc. from Shenzhen Fastprint Circuit Tech Co.,Ltd. for $50 million on July 3, 2023. Under the terms of the offer, which provides for an exclusivity period of 30 days to finalize and sign the final acquisition agreement, Technoprobe will pay a total amount of approximately $50 million net of any adjustments related to changes in the availability of cash of the target company. In the fiscal year ended at December 31, 2022, Harbor Electronics recorded revenues of approximately $52 million, a gross operating margin at approximately 16% and a net financial position of approximately $5 million.
Technoprobe S.p.A. (BIT:TPRO) completed the acquisition of Harbor Electronics, Inc. from Shenzhen Fastprint Circuit Tech Co.,Ltd. on August 8, 2023. Under terms of the agreement, Technoprobe will pay a total amount of $50 million in cash. Annonce • Jul 12
Technoprobe S.p.A. (BIT:TPRO) commences an Equity Buyback plan for 1,500,000 shares, representing 0.25% for €12 million, under the authorization approved on June 22, 2023. Technoprobe S.p.A. (BIT:TPRO) commences share repurchases on July 3, 2023, under the program mandated by the shareholders in the Ordinary Shareholder's Meeting held on June 22, 2023. As per the mandate, the company is authorized to repurchase up to 1,500,000 shares, representing 0.25% of capital capital for €12 million. The purchase price of shares will be neither lower nor higher than 20% of the reference price recorded by the security in the stock exchange session preceding each individual transaction. The purpose of program is to serve stock option plans, stock grants or share incentive plans, against payment or free of charge, to be reserved to corporate representatives and an efficient use of the company’s financial liquidity in relation to market trends. The repurchase authorization is valid for 18 months. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Lead Independent Director Anna Svelto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 24
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €0.25 (up from €0.20 in FY 2021). Revenue: €548.9m (up 40% from FY 2021). Net income: €147.9m (up 25% from FY 2021). Profit margin: 27% (down from 30% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Price Target Changed • Mar 01
Price target decreased by 8.8% to €7.75 Down from €8.50, the current price target is an average from 4 analysts. New target price is 26% above last closing price of €6.13. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.26 for next year compared to €0.21 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Director Anna Svelto was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 05
Consensus revenue estimates increase by 10% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €490.5m to €541.8m. EPS estimate increased from €0.24 to €0.25 per share. Net income forecast to grow 33% next year vs 25% growth forecast for Semiconductor industry in Italy. Consensus price target broadly unchanged at €8.50. Share price rose 5.8% to €7.41 over the past week. Reported Earnings • Sep 28
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €250.3m (up 185% from 1H 2021). Net income: €66.6m (up 113% from 1H 2021). Profit margin: 27% (down from 36% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Reported Earnings • Apr 17
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €0.20 (up from €0.19 in FY 2020). Revenue: €391.7m (up 23% from FY 2020). Net income: €118.3m (up 23% from FY 2020). Profit margin: 30% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 15%, compared to a 21% growth forecast for the industry in Italy.