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PCB Technologies, a global leader in advanced electronic and PCB manufacturing solutions, announced its Q3 2026 results: record sales, orders and backlog, with improved profitability.
Q3 2026 Highlights
- Record Q3 sales: USD 50.5 million, up 8% from Q2 2026 and 5.6% from Q3 2025.
- Record orders: new orders of approx. USD 62 million (Q2 2026: USD 59 million; Q3 2025: USD 54 million) – book-to-bill ratio of approx. 1.2.
- Record backlog and expected orders: approx. USD 270 million, up from USD 177 million as reported in the Q2 2026 results (+53%).
- Improved Profitability: gross margin 19.2% (Q2 2026: 17.9%); adjusted EBITDA USD 6.3 million (+31% from Q2 2026); net income USD 3.1 million (Q2 2026: USD 1.1 million).
- Cash flow: operating cash flow of USD 5.3 million (+23% from Q3.2025).
Gorilla Circuits – strong momentum ahead of closing
As announced on October 8, 2026, PCB Technologies entered into an agreement with Gorilla Circuits and its shareholders for the acquisition of 100% of the issued and paid-up share capital of the Acquired Company, based on an Enterprise Value of USD 120 million.
The Company believes that the acquisition will allow it to significantly diversify and expand its customer base, to deepen its activity in the technology and semiconductor markets, to expand its activity in the US mark and to upgrade the range of technological solutions which the Acquired Company currently offers to its customers.
Gorilla's recent results:
- Q3 2026: revenue of approx. USD 30 million; new orders of approx. USD 43 million.
- 9M 2026: revenue of approx. USD 85 million; new orders of approx. USD 105 million.
Gorilla's figures are not included in PCB Technologies' Q3 results; completion is subject to closing conditions.
