Renishaw plc (LSE:RSW) reported record revenue of £365.6 million for the first half of FY2026, representing a 7.1% increase year on year. Growth was broad-based across Industrial Metrology, Position Measurement and Specialised Technologies, with particularly strong demand in the Americas and Asia-Pacific regions.
Adjusted operating margin improved to 15.7%, while adjusted profit before tax rose 11.5%. Statutory profit, however, was reduced by £18 million of restructuring-related redundancy and impairment costs, reflecting investment in productivity improvements and additional capacity to support an expanding order book.
The company highlighted robust momentum in defence and semiconductor markets, as well as in newer product categories including additive manufacturing systems, coordinate measuring and gauging solutions, and enclosed optical encoders. Although general industrial markets remain mixed and currency and tariff pressures persist, management reiterated confidence in delivering strong full-year growth.
For FY2026, Renishaw is guiding to revenue in the range of £740 million to £780 million and adjusted profit before tax of £132 million to £157 million. The interim dividend has been maintained, with the group emphasising its solid balance sheet and improved return on invested capital.
From an investment perspective, Renishaw benefits from strong financial resilience and supportive technical signals. However, its valuation remains elevated and sector-specific headwinds, including cost pressures, require continued operational discipline to sustain margins.
More about Renishaw
Renishaw is a worldwide provider of high-precision measurement and manufacturing systems. Its sensor-driven and software-enabled technologies deliver accurate, traceable data for industrial clients across sectors such as semiconductors, defence and electrification.
The group conducts significant research and development in the UK, with manufacturing operations spanning the UK, Ireland and India.
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