Filtronic (FTC): SpaceX E-band GaN contract
This situation live
FTC Filtronic
12 Dec 2025 · Largest-ever contract awarded; first deployment · +30% until the next step
the award of Filtronic's largest-ever contract with SpaceX, for its next-generation E-band GaN product
3 Feb 2026 · Awarded; $62.5m, £47.3m GaN award delivers from FY2027 · +25% until the next step
We secured our two largest contract awards with SpaceX, which strengthened our strategic relationship, of which the second contract will start to be delivered in FY2027.
4 Aug 2026 · Awarded; GaN volume ramp expected H2 FY2027 · +10% until the next step
The market phasing and timing of our product road maps will mean that revenue and profitability are expected to be weighted towards the second half of the year as we ramp to volume on our next-generat
1 Oct 2026 · Follow-on $68.1m order won; ramp pending · −5% since
The new order is expected to be materially fulfilled during FY2028, underpinning the Board’s expectations for FY2028, providing stronger visibility over future revenues.
SpaceX E-band GaN contract
Follow-on $68.1m order won; ramp pending
Next: GaN volume ramp in H2 FY2027; follow-on order fulfilled in FY2028
Every step · 4
- 12 Dec 2025 Largest-ever contract awarded; first deployment – the award of Filtronic's largest-ever contract with SpaceX, for its next-generation E-band GaN product ↗
- 3 Feb 2026 Awarded; $62.5m, £47.3m GaN award delivers from FY2027 – We secured our two largest contract awards with SpaceX, which strengthened our strategic relationship, of which the second contract will start to be... ↗
- 4 Aug 2026 Awarded; GaN volume ramp expected H2 FY2027 – The market phasing and timing of our product road maps will mean that revenue and profitability are expected to be weighted towards the second half of the... ↗
- 1 Oct 2026 Follow-on $68.1m order won; ramp pending – The new order is expected to be materially fulfilled during FY2028, underpinning the Board’s expectations for FY2028, providing stronger visibility over... ↗
What is happening
Filtronic: SpaceX E-band GaN contract – Follow-on $68.1m order won; ramp pending. ['Follow-on $68.1m order won; ramp pending']
- In short
- Filtronic won a $62.5m (£47.3m) SpaceX E-band GaN award, announced 12 Dec 2025, delivering from FY2027. The 4 Aug 2026 results said the GaN ramp makes FY2027 H2-weighted. On 1 Oct 2026 SpaceX placed a $68.1m (£51.3m) follow-on order, its largest, to be materially fulfilled in FY2028.
- Announced
- 12 Dec 2025 · Largest-ever contract awarded; first deployment
- Latest
- 1 Oct 2026 · Follow-on $68.1m order won; ramp pending
- Phasing
- FY2027 revenue and profit weighted to H2 as GaN ramps to volume
- Supply transition
- Transition between GaAs supply and GaN production ramp-up
- Customer concentration
- Largest customer 68% of FY2026 revenue (FY2025: 83%); expected to reduce further
- Follow-on order
- $68.1m (£51.3m) Cerus E-band GaN SSPA units from SpaceX, announced 1 Oct 2026
- Fulfilment
- Expected to be materially fulfilled during FY2028
- First award
- $62.5m (£47.3m) next-generation E-band GaN order, announced Dec 2025
- Board view
- Order underpins the Board's expectations for FY2028
- Concentration
- Largest customer 68% of FY2026 revenue (FY2025: 83%); expected to fall further
What comes next
GaN volume ramp in H2 FY2027; follow-on order fulfilled in FY2028.
From the company's own announcements. Not investment advice.
Briefing Pro
New to Filtronic? Get up to speed in 2 minutes.
What it does, how it got here, what management promised and delivered – written from its own announcements.
Get the FTC briefing →Also at Filtronic 1 open
Transformational contract / build-outUS satellite mmWave module programme – Follow-on $8m prototype build contract awarded
Filtronic – company page →