Trio-Tech International
triotech.comWhat Do They Do?
Designs and makes semiconductor test equipment and provides testing services to semiconductor manufacturers and component makers. Also makes and distributes industrial test equipment and electronic components for manufacturers in consumer and industrial markets.
10-K for FY2026, filed Sep 24, 2026
How Do They Make Money?
Semiconductor customers buy burn-in and reliability equipment, with payment tied to shipment and acceptance, and pay for testing as the service is performed. Industrial customers buy equipment; maintenance and repair contracts bring fees over their term.
10-K for FY2026, filed Sep 24, 2026Revenue derived from testing services in SBS and IE segments is recognized when services are rendered and the related performance…View ↗
The Company enters into repair and maintenance service contracts for a fee over a specified duration. These contracts typically involve the…View ↗
The timing of revenue recognition, billings and collections may result in billed accounts receivable, unbilled receivables, contract…View ↗
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10-K for FY2026, filed Sep 24, 2026
FY2026 revenue by product or service ↗
$62.6M
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10-K for FY2026, filed Sep 24, 2026
$62.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Semiconductor Back-end Solutions
Sold outright
10-K for FY2026, filed Sep 24, 2026 |
78% |
Semiconductor Back-end Solutions, FY2026
$49M Sources
|
Sold outright |
|
Industrial Electronics
|
22% |
Industrial Electronics, FY2026
$13.6M Sources
|
|
|
Product and Service, Other
|
0.1% |
Product and Service, Other, FY2026
$33K Sources
|
Who Are Their Customers?
Semiconductor manufacturers and component makers use its testing services and equipment, while consumer and industrial manufacturers buy test equipment and components. Trio-Tech markets its products and services directly and through its own marketing team and independent sales representatives.
10-K for FY2026, filed Sep 24, 2026The SBS segment of the Company designs and manufactures an extensive range of burn-in and reliability test equipment used in the “back-end”…View ↗
The IE segment of the Company includes the design, manufacture and distribution of an extensive range of test, processes and other…View ↗
We market our products and services worldwide, directly and through independent sales representatives and our own marketing team. We have…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $34K in FY2026, but brought in more cash than it spent: $1.7M of free cash flow.
10-K for FY2026, filed Sep 24, 2026
−$204KView ↗
10-K for FY2026, filed Sep 24, 2026
−$34KView ↗
10-K for FY2026, filed Sep 24, 2026
$1.7MView ↗
How Are They Changing?
Growing. Revenue grew 42% in 4 years, from $44.1M in FY2022 to $62.6M in FY2026, about 9% a year.
Broader industrial business
The older report presented manufacturing, testing, and distribution within a semiconductor-centered business; the latest report separates semiconductor operations from an Industrial Electronics segment serving consumer and industrial markets.
10-K for FY2023, filed Sep 27, 2023 10-K for FY2026, filed Sep 24, 2026Our core business is and historically has been in the semiconductor industry, including manufacturing of test equipment (“Manufacturing”)…View ↗
Trio-Tech International (“TTI”) develops and manufactures an extensive range of test equipment used in the “front-end” and the “back-end”…View ↗
TestingView ↗
In addition to marketing our proprietary products, we distribute complementary products made by manufacturers around the world. The…View ↗
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