Micro-Mechanics' stock surged 3.06% during intraday trading on Thursday, following the release of its strong third-quarter financial results for the fiscal year ending June 2026.
The precision engineering specialist reported revenue growth of 16.2% year-over-year to S$18.6 million, with net profit climbing 18.8% to S$3.8 million. The company attributed this performance to robust demand from artificial intelligence, computing, and memory applications, highlighting its exposure to high-growth semiconductor segments.
Micro-Mechanics maintains a strong balance sheet with S$25.7 million in net cash and no bank borrowings, providing financial stability. The positive movement aligns with industry forecasts from World Semiconductor Trade Statistics projecting global semiconductor sales to grow 25% to nearly US$1 trillion in 2026, signaling optimism for companies in the semiconductor supply chain.