AT&S Boosts AI Substrate Capacity and Raises 2026/27 Outlook

AT&S Austria Technologie & Systemtechnik AG has announced the expansion of its production capacity for AI substrates in Kulim, Malaysia. This decision comes after reaching agreements with its customer AMD and another major tech firm to support increased demand in artificial intelligence and high-performance computing. These expansions will take place at the company's existing and new facilities, with investments ranging from €1.5 to 2.0 billion, backed by long-term commitments from their clients.

As a result of these strategic moves, AT&S has revised its financial projections for the fiscal year 2026/27. The company forecasts a currency-adjusted revenue growth of 45–55%, up from the previous projection of 30–35%. Additionally, it expects an EBITDA margin increase to 32–37%, up from the earlier expectation of 25–29%. Capital expenditures are set to rise significantly to €1.0–1.2 billion, indicating a robust operating cash flow outlook.