#Israel #Migdal Haemek #Advanced Electronics #PCB Technologies #Gorilla Circuits

PCB Technologies Reports Strong Q3 2026 Results

PCB Technologies, a leading name in advanced electronic and PCB manufacturing solutions, has revealed its financial performance for the third quarter of 2026. The company showcased impressive results with record sales, an increase in new orders, and a noteworthy backlog of expected orders.

Q3 2026 Performance Highlights

During this quarter, PCB Technologies achieved revenue of approximately USD 50.5 million, marking a noteworthy 8% increase from the previous quarter (Q2 2026) and a 5.6% rise compared to Q3 2025. The firm reported new orders totaling around USD 62 million, which shows a healthy growth trajectory, as past quarter figures were recorded at USD 59 million and USD 54 million in Q3 2025. This resulted in a robust book-to-bill ratio of around 1.2.

In line with this positive trend, PCB Technologies also reported an increase in backlog and expected orders, which now stands at USD 270 million—a significant rise from USD 177 million reported in Q2 2026. This growth is 53% higher, indicating strong demand for the company's products and services.

The company’s profitability metrics have improved, with a gross margin now at 19.2%, up from 17.9% in Q2 2026. Moreover, the adjusted EBITDA reached USD 6.3 million, reflecting a 31% increase from the previous quarter, while net income rose to USD 3.1 million, a significant improvement compared to USD 1.1 million in Q2 2026. The operating cash flow also saw positive momentum, at USD 5.3 million, representing a 23% increase from Q3 2025.

Strategic Acquisition on the Horizon

In a significant move, PCB Technologies has entered into an agreement to acquire Gorilla Circuits for an enterprise value of USD 120 million. This acquisition aims to diversify PCB’s customer base and enhance its operations, particularly in the technology and semiconductor markets. The management is confident that integrating Gorilla Circuits will expand its activities in the US market and upgrade the technological solutions available to customers.

Gorilla Circuits, noted for its strong performance, reported revenue of around USD 30 million and new orders worth USD 43 million in Q3 2026. In contrast, its total revenue for 2026 is approximated at USD 85 million, with new orders summing up to USD 105 million. Importantly, these figures are not included in PCB Technologies’ Q3 results as the acquisition is still pending completion.

About PCB Technologies

Founded in 1981, PCB Technologies has established itself as a top-tier provider of and solutions, specializing in high-mix multilayer rigid, rigid-flex, and multi-flex PCBs, along with advanced substrates and complex electronic assemblies. Combating challenges across the entire product lifecycle, their offerings ensure rapid prototyping to high-volume production capabilities.

Through its subsidiary iNPACK, PCB Technologies focuses on cutting-edge miniaturization and IC packaging solutions. The company serves crucial sectors, including Military/Defense, Aerospace, Medical, RF/Microwave, and Robotics/Automation, thus playing a vital role in advancing technology in critical applications.

For more information, PCB Technologies invites interested parties to visit their official website or follow them on social media platforms such as X, Facebook, YouTube, and LinkedIn.

As PCB Technologies navigates this period of growth and expansion, its commitment to excellence in electronic manufacturing continues to shape the industry landscape.