#Israel #Migdal Haemek #PCB Technologies #Gorilla Circuits #Electronic Manufacturing

PCB Technologies Reports Strong Q3 2026 Earnings

PCB Technologies (TASE: PCBT), recognized as a global leader in advanced manufacturing of electronic components and printed circuit boards (PCBs), has announced stellar financial results for the third quarter of 2026. With robust demand across various sectors, the company has recorded impressive growth figures that highlight its operational prowess and market resilience.

Financial Highlights

In Q3 2026, PCB Technologies achieved remarkable sales totaling approximately $50.5 million. This figure marks an 8% increase when compared to Q2 2026 and a 5.6% rise from the same quarter last year. Additionally, the company secured new orders amounting to nearly $62 million, up from $59 million in Q2 and $54 million in Q3 2025. With a book-to-bill ratio of approximately 1.2, these figures represent a promising outlook for future growth.

The backlog and expected orders surged to around $270 million, reflecting a 53% increase from the previous quarter’s figure of $177 million. PCB Technologies's gross margin improved to 19.2%, up from 17.9% in Q2, while the adjusted EBITDA increased by 31% to reach $6.3 million. Consequently, the net income for the quarter saw a significant jump to $3.1 million, a clear enhancement compared to $1.1 million from the preceding quarter.

Cash Flow and Operational Performance

The operating cash flow for the quarter stood at around $5.3 million, marking a 23% increase from Q3 2025. This improvement in cash flow is pivotal for sustaining operational activities and strengthening the company’s capital reserves.

Acquisition News: Gorilla Circuits

In an exciting strategic move, PCB Technologies announced on October 8, 2026, its agreement to acquire Gorilla Circuits, a design and manufacturing firm, for an enterprise value of $120 million. This acquisition is set to broaden PCB Technologies's client base and enhance its capabilities in the technology and semiconductor markets. Gorilla Circuits reported revenue of approximately $30 million in Q3 2026, with new orders reaching $43 million. It's essential to note that these results will not be included in PCB Technologies’s financials until the acquisition is finalized.

Future Prospects

PCB Technologies, established in 1981, continues to be a front-runner in electronic manufacturing, excelling in high-mix multilayer rigid, rigid-flex, and multi-flex PCBs, as well as advanced substrates and IC packaging solutions. By integrating Gorilla Circuits, PCB aims to bolster its production capacity, expand its technological offerings, and reinforce its presence in the U.S. market.

The company's extensive service offerings span from rapid prototyping to cost-effective mass production, servicing critical sectors such as military, aerospace, medical, and robotics. PCB Technologies's commitment to innovation and excellence positions it favorably within the evolving landscape of electronic manufacturing.

Conclusion

The Q3 2026 results of PCB Technologies not only reflect sound management and strategic foresight but also signal a progressive trajectory in revenue generation and order acquisition. As the company heads into future quarters with a robust pipeline and enhanced operational capabilities, stakeholders can remain optimistic about PCB Technologies's growth potential and market leadership in the electronic manufacturing domain. For more information, visit PCB Technologies.