The 1QFY2026 numbers show Aztech has put behind the lower earnings it posted in FY2025 as a key customer cut back orders, no thanks to softer global demand and a more competitive operating landscape. In FY2025, Aztech’s revenue fell 30.4% y-o-y to $432.5 million and earnings plunged 43% to $40.2 million.
Aztech Global reported 1QFY2026 ended March results that came in roughly in line with analysts’ expectations. However, with new orders secured, the manufacturer enjoyed upgrades and higher target prices to reflect the better prospects ahead.
In 1QFY2026, Aztech reported earnings of $4 million, a jump of 167% y-o-y. This came on the back of a 54% increase in revenue to $64.7 million, led by stronger demand for Internet of Things devices, which accounted for a big chunk of Aztech’s business. Orders in data communication products also helped lift the bottom line.
