TRT reports $16.5 million Q3 revenue, up from $7.4 million year-over-year, driven by semiconductor testing demand for AI and electric vehicles.
Trio-Tech International (TRT) posted third-quarter revenue of $16.5 million, more than doubling from $7.4 million in the prior-year period. The surge reflects rising demand for semiconductor back-end testing services, particularly for AI-related applications and electric vehicle technologies.
The company expanded its testing capacity by leasing an additional 104,000 square feet in Penang, Malaysia, to meet demand from North American and European customers. Management also highlighted growth in its Industrial Electronics segment, supported by aerospace and commercial applications.
TRT’s stock has risen 185.21% over the past month, aligning with hedge fund interest in rising tech stocks. The company reiterated its focus on operational efficiency and disciplined capital allocation to sustain long-term profitability.