AT&S Austria Technologie & Systemtechnik AG (ATS)
Wiener Börse · Technology · analysed October 12, 2026
Founded in 1987, AT&S Austria Technologie & Systemtechnik AG is a global developer and manufacturer of high-end printed circuit boards (PCBs) and integrated circuit (IC) substrates. The company provides advanced microelectronic interconnect solutions across industries such as mobile devices, automotive, medical technology, industrial applications, and high-performance computing. Recently, AT&S has focused on scaling its global manufacturing capacity to capture surging demand from artificial intelligence and data center infrastructure, highlighted by major IC substrate facility expansions in Kulim, Malaysia, Chongqing, China, and Leoben, Austria.
Executive summary
AT&S is transitioning out of a capital-intensive investment trough as massive artificial intelligence accelerator demand drives strong utilization across its advanced IC substrate production facilities1,4. First-quarter fiscal year 2026/27 performance demonstrated an inflection back to profitability, supported by top-line growth of 37.5% and successful hybrid debt refinancing that substantially lowers financing costs10,17,18. While elevated leverage and raw material bottlenecks in specialized glass mats remain near-term operational friction points, expanding multi-year partnerships with hyperscale semiconductor designers reinforce visibility into capacity absorption1,3,4.
Sources cited here, 6 of 27
- 1AT&S closes successful financial year with strong fourth quarter
- 3digitimes.com
- 4ats.net
- 10Key Figures
- 17eqs-news.com
- 18eqs-news.com
Key figures
- Revenue growth, last fiscal year
- 12.7%
- Net margin, last fiscal year
- 2.8%
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