Renishaw reaffirms long-term targets of high single-digit revenue growth and 20%+ operating margins amid demand recovery.
Renishaw reported improving momentum across its core and emerging businesses, driven by demand in AI infrastructure, semiconductor manufacturing, defense, and additive manufacturing. The company expects growth to accelerate as its strategic refocus delivers results, though operating margins remain below the 20% target at around 16%.
Management reaffirmed long-term financial goals, including high single-digit revenue growth and stronger cash conversion. Executives cited pricing adjustments, automation, and volume growth as key levers to close the margin gap. Additive manufacturing was highlighted as the fastest-growing segment within Specialized Technologies.
At a Capital Markets Day in London, CEO Will Lee described the current period as “a really exciting time” for Renishaw, noting acceleration in both established and emerging business lines. The company also unveiled new metrology tools, encoder systems, and additive manufacturing upgrades.