Concurrent Technologies (LSE:CNC) reported revenue of £23.2 million for the six months ended 30 June 2026, up 10% year-on-year, while profit before tax increased 19% to £3.2 million.
The company said growth was recorded across both its Products and Systems operations during the first half.
Order intake more than doubled to £46.9 million. This included a contract worth approximately £17 million with a European customer, which Concurrent Technologies described as the largest contract in its history.
Year-to-date orders have subsequently exceeded £68 million, increasing the company’s order backlog and providing additional visibility over future revenue.
Concurrent Technologies is expanding manufacturing capacity at its Colchester operations. The company also reported improving margins within its Systems business as previously secured design wins progress into production.
The group said it is managing supply chain risks by securing key components, including DRAM, as it works to meet its order commitments.
Concurrent Technologies has also expanded its Systems capabilities following the acquisition of Phillips Aerospace.
Based on its year-to-date order intake and current pipeline, the board now expects full-year 2026 revenue and profit to be ahead of current market expectations. The company noted that macroeconomic and industry-related challenges remain.
More about Concurrent Technologies
Concurrent Technologies Plc designs and manufactures embedded computer cards and systems for long-life, high-performance applications.
Its Intel-based products are used in telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications requiring operation in harsh environments. The company designs its products to comply with industry specifications and embedded operating systems.
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