CML Microsystems (CML): Second-half recovery

This situation live

CML CML Microsystems

£53m · 300.0p · +7% since the first step

18 Nov 2025 · H2 guided to material sequential growth · −27% until the next step The Board currently expects the second half of the year to deliver material sequential revenue growth and a return to pre-exceptional operating profitability for that period.

1 Apr 2026 · Revenue grew, but H2 operating loss expected · +34% until the next step These investments, taken alongside the timing and revenue mix effects, are expected to result in an operating loss for the second half, albeit at an improved level compared to the first half (H1 FY26

17 Jun 2026 · H2 revenue recovered; year still loss-making at operating level · +9% since Positive revenue momentum in the final months of FY26 was encouraging and has continued into the new year.

Upgrade / downgrade cycle

Second-half recovery

H2 revenue recovered; year still loss-making at operating level

Next: FY27 return to revenue growth and operating profitability

Every step · 3

18 Nov 2025 H2 guided to material sequential growth – The Board currently expects the second half of the year to deliver material sequential revenue growth and a return to pre-exceptional operating... ↗
1 Apr 2026 Revenue grew, but H2 operating loss expected – These investments, taken alongside the timing and revenue mix effects, are expected to result in an operating loss for the second half, albeit at an... ↗
17 Jun 2026 H2 revenue recovered; year still loss-making at operating level – Positive revenue momentum in the final months of FY26 was encouraging and has continued into the new year. ↗

What is happening

CML Microsystems: Second-half recovery – H2 revenue recovered; year still loss-making at operating level. ['H2 revenue recovered; year still loss-making at operating level']

Announced: 18 Nov 2025 · H2 guided to material sequential growth
Latest: 17 Jun 2026 · H2 revenue recovered; year still loss-making at operating level
What it changes: H2 revenue recovery and FY27 growth expectation hold, but FY26 closed with a £1.93m pre-exceptional operating loss, 63% margin and no statutory profit, as the April ~£1.8m expectation fell away on accounting treatment.

What comes next

FY27 return to revenue growth and operating profitability.

From the company's own announcements. Not investment advice.

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