Renishaw H1 FY2026 Results Show Strong Momentum in Precision Metrology
Renishaw, the global leader in precision measurement and manufacturing technologies, has reported a strong first half for FY2026, with accelerating revenue, improved profitability and a growing order book driven by demand in semiconductors, defence and advanced metrology applications.
For the six months ended 31 December 2025, Renishaw delivered 7.1% revenue growth at actual exchange rates (11.5% at constant currency), reaching £365.6m. Momentum strengthened through the period, culminating in record Q2 revenue, 14.1% higher than Q1, and further expansion of the order book.
Growth Across All Segments and Regions
Revenue increased in all three business segments, with particularly strong performance in the Americas and Asia-Pacific. Structural growth in the semiconductor and defence sectors was a key driver, reflecting global investment in advanced electronics, national security technologies and high-specification manufacturing.
Renishaw’s emerging product lines continued to gain traction, notably:
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Coordinate measuring machine (CMM) and gauging systems
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Additive manufacturing (AM) systems
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Enclosed optical encoders
These technologies are increasingly aligned with industry’s shift toward higher automation, digital manufacturing workflows and in-process precision measurement. Renishaw did however report flat sales from CMM amd Machine Tool OEM’s.
Approximately 1.4% of H1 growth was attributed to pricing adjustments introduced to offset US tariff duties, highlighting Renishaw’s ability to protect margins while navigating geopolitical trade pressures.
Profitability Improves Despite Headwinds
Adjusted operating profit rose to £57.5m, up from £51.6m in H1 FY2025, with the adjusted operating margin improving to 15.7%, an increase of 0.6 percentage points.
Organic margin improvement of 4.4 percentage points — driven by fixed cost reductions, productivity initiatives and operational leverage — was partially offset by currency and tariff headwinds.
Adjusted profit before tax increased 11.5% to £64.1m, underlining the strength of underlying trading. Statutory profit before tax, however, fell 20.0% due to £18.0m of redundancy and impairment costs linked to previously announced restructuring and other one-off items.
CEO Will Lee highlighted both operational progress and long-term opportunity:
“We have made strong progress in the first half, with a notable pick-up in revenue and order intake in Q2 and improving profitability. It is pleasing to see revenue growth in all three business segments, with significant progress in our emerging product lines. Our markets present significant structural growth opportunities, and we are excited about the prospects for the innovative products that we have recently launched. We enter H2 with momentum and we expect to achieve strong revenue and profit growth in the remainder of the year.”
The company added that strong momentum continued into early Q3, with order intake supporting confidence for the full year despite economic and geopolitical uncertainty.
Strong Sectors Offset Broader Industrial Softness
Renishaw expects the second half, traditionally stronger than H1, to follow seasonal patterns. While general industrial markets remain subdued, strong demand in targeted sectors and product lines is expected to drive overall growth.
The company now forecasts FY2026 full-year performance in the following ranges:
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Revenue: £740m to £780m
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Adjusted profit before tax: £132m to £157m
What This Means for the Metrology Sector
Renishaw’s H1 results reflect several broader trends shaping precision engineering and industrial measurement:
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Semiconductor and defence investment is sustaining demand for ultra-precise metrology and motion control technologies.
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Advanced measurement integrated with manufacturing, particularly in CMM, gauging and encoder technologies, remains central to digital production strategies.
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Additive manufacturing systems are moving from niche adoption toward more mainstream industrial deployment.
For the metrology community, Renishaw’s performance signals continued capital investment in precision technologies that enable higher quality, automation and digital manufacturing integration — a positive indicator for the sector’s medium-term trajectory.
For more information: www.renishaw.com
