Qualitau (QLTU) H2 2025 earnings summary

Executive summary

• Achieved record revenue of $61.3M in 2025, up 32.6% year-over-year from $46.25M in 2024, driven by global demand for advanced packaging technologies and semiconductor solutions.

• Net income rose to $21.6M, a 55% increase compared to $13.91M in 2024, reflecting record profitability.

• Gross margin improved to 71.2% in 2025 from 67.1% in 2024.

• Maintained strong relationships with global Tier-1 semiconductor customers.

• Significant investment in R&D focused on high-voltage systems and platform upgrades.

Financial highlights

• EBITDA reached $24.79M in 2025, up from $16.13M in 2024.

• EPS increased to $4.81 from $3.19 year-over-year.

• Bookings at year-end totaled $103.53M, with a year-end backlog of $42.3M, rising to $62.3M by publication date.

• Cash at year-end was $35.3M, excluding $15M received in Q1 2026 for 2025 shipments.

• Dividend distributions in 2025 totaled $6.75M, with an additional $4M declared post-year-end.

Outlook and guidance

• 2026 revenue expected to exceed 2025, with Q1/26 shipments projected above published backlog.

• Aggressive sales growth, new product development, and potential acquisitions planned.

• Ongoing monitoring of geopolitical and regulatory risks, especially regarding China shipments.

• 2026 inflation in key markets forecasted at 2–3%, with moderate interest rate declines expected.

• No significant impact expected from geopolitical conflicts unless escalation occurs.