Renishaw (LSE:RSW) has reported a strong finish to its 2026 financial year, achieving record fourth-quarter revenue of approximately £243 million. Sales increased 27% compared with the same period last year and were 18% higher than the previous quarter, supported by robust demand from semiconductor and electronics manufacturing equipment customers, as well as continued strength in the aerospace and defence sectors.
Full-year profits exceed expectations
For the full year, Renishaw expects revenue of around £815 million, representing growth of approximately 14% year-on-year.
The company reported growth across all business segments, with particularly strong performances from its Specialised Technologies and Position Measurement divisions. Adjusted operating profit is expected to reach approximately £152 million, while adjusted profit before tax is forecast at around £167 million, both representing increases of roughly 31% compared with the previous financial year.
Management said the results reflect improving operational performance and continued demand across several key industrial markets.
Strong balance sheet supports future growth
Renishaw continues to benefit from a strong financial position, underpinned by low leverage and a healthy balance sheet that provides flexibility for future investment.
The company’s outlook is further supported by ongoing cost efficiency measures and expectations for continued earnings growth. However, management acknowledged that margin pressure remains a factor to monitor despite the improvement in overall profitability.
Technical indicators also suggest the shares may be approaching overbought levels following their recent performance, while valuation and dividend yield provide more moderate support.
About Renishaw
Renishaw plc is a global engineering technology company specialising in precision measurement and manufacturing systems. Its products enable customers to improve accuracy, quality and traceability across a wide range of manufacturing processes. The company serves customers throughout the Americas, Europe, the Middle East, Africa and Asia-Pacific, with the majority of its research and development carried out in the UK and major manufacturing operations located in the UK, Ireland and India.
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