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The management gave a strong guidance for next quarter result, indicating double-digit growth specifically for SEBU which implies at least 100M revenue for Q4 which is 60% YoY growth. For SMBU, the management also expected to record a stronger sequential QoQ growth. Overall, Q4 will be another record breaking result by quite a margin if this guidance are realized, easily beating the Public Invest forecast for FY26.
🚀 Is MI Technovation (Bursa: 5286) entering a new growth phase, or is the market already pricing in the best case? 📊
MI Technovation delivered an impressive Q3 FY2026, with revenue climbing 29.9% YoY to RM256.0M and net profit surging 84.8% YoY to RM66.8M. For the first 9 months, net profit more than doubled to RM153.0M!
Here are 3 key takeaways every semiconductor investor needs to know:
1️⃣ The Materials Engine (SMBU) is Driving Growth: Solder material sales surged 109% YoY in Q3, making up over 60% of group revenue and offsetting a cyclical lull in equipment sales (SEBU).
2️⃣ Mi Material SGX Listing Completed: The separate listing on the Singapore Exchange unlocks value, but how will non-controlling interest sharing impact parent earnings moving forward?
3️⃣ Valuation & Cash Flow Check: At RM6.86, MI trades at an illustrative run-rate P/E of ~29.8x (and 65.2x on FY2025 EPS). Meanwhile, rapid growth absorbed RM197M into working capital.
Watch our full breakdown to understand the operational drivers, valuation sensitivity, and key risks to monitor! 👇
