TRT earnings analysis
What we found in TRT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Trio-Tech International reported a remarkable revenue increase of 123.6% year-over-year for Q3 2026, driven by strong demand in its Semiconductor Back-end Solutions segment, which grew 141.1%. Despite a decrease in gross margins and operating loss, the company improved its bottom line significantly compared to the previous year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Soars 123.6% YoY
- Total revenue increased by $9,127 to $16,511 in Q3 2026, up from $7,384 year-over-year.
- SBS Segment Performance Strong
- SBS segment revenue rose by $7,654, or 141.1%, to $13,079 for Q3 2026, from $5,425 in the prior year.
- Loss from Operations Improved
- Loss from operations for Q3 2026 narrowed to $81, compared to a loss of $343 in Q3 2025, an improvement of $262.
- Positive Other Income
- Other income increased to $188, up by $332 from other expenses of $144 in Q3 2025.
- Net Loss Sharply Reduced
- Net loss attributable to shareholders was $38 for Q3 2026, significantly better than $495 in Q3 2025.
- Operating Cash Flow Improvement
- Net cash provided by operating activities increased by $1,283 to $2,318 for nine months ended March 31, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Gross Margins
- Gross margins fell by 11.3% to 15.5% in Q3 2026, down from 26.8% in Q3 2025 due to higher cost of sales.
- Dependence on Semiconductor Demand
- SBS segment's revenue reliance on semiconductor demand remains sensitive to global market conditions.
- Geopolitical and Supply Chain Risks
- Continued geopolitical tensions and supply chain challenges pose risks to revenue stability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0
- Gross margin
- 15.5%
- Segment
- SBS: $13,079
- Segment
- IE: $3,426
What they said about what is next.
No explicit numeric guidance provided; management indicated ongoing focus on market adaptability and growth.
The filing reads better than the one before it.
What came before.
- 10-Q · February 13, 2026
- Trio-Tech reported quarterly revenue of $15,649 (in thousands), up from $8,619 in the prior-year period, driven by Semiconductor Back-end Solutions. Gross margin dollars increased to $2,499 (in thousands) but gross…
- 10-Q · November 14, 2025
- Trio-Tech reported quarterly revenue of $15,514,000 (three months ended September 30, 2025), up $5,715,000 or 58.3% year-over-year from $9,799,000, producing net income of $165,000 (EPS $0.02) versus a net loss of…
- 10-K · September 19, 2025
- Trio‑Tech (TRT) is a small, Asia‑focused provider of semiconductor back‑end test equipment, testing services and industrial test equipment that in FY2025 reorganized into two reportable segments (Semiconductor Back‑end…
- 10-Q · May 13, 2025
- Trio‑Tech reported a revenue decline to $7,384,000 for the quarter ended March 31, 2025 (from $10,398,000 a year earlier) and recorded an operating loss of $343,000, producing diluted EPS of $(0.12). The company…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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