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AEM’s H1 net profit rises 10 times to S$30.8 million on stronger AI chip demand
['Tessa Oh']
The Business Times
Revenue for the half year grew 30 per cent to S$247.2 million, from S$190.3 million in the first half of 2025, driven by revenue from the group’s AI and HPC customer.
External revenue from contract manufacturing fell 5.7 per cent to S$63.2 million, mainly due to softer demand from oil and gas customers.
The instrumentation segment posted revenue of S$3.1 million, down from S$4.6 million the year before.
OutlookAEM raised its FY2026 revenue guidance to a range of S$630 million to S$680 million, from its previous guidance of S$550 million to S$600 million.
This rise is driven by rising test intensity in AI accelerators, memory stacks and heterogenous chiplet architecture.