CML Microsystems operational recovery gathered momentum through the second half of its latest financial year, with the Essex-based semiconductor group entering FY27 carrying positive order trends and early revenue growth. Full-year results for the year ended 31 March 2026 confirmed revenue of £20.45m, down from £22.90m in FY25, but the trajectory by year-end told a different story.
Revenue Decline Masks a Second-Half Turnaround
The group’s full-year results filed on the London Stock Exchange showed gross profit of £12.89m for FY26, with a marked improvement in trading during the final months of the year. A trading statement published on Investegate had already flagged the shift: second-half revenue grew approximately 18% over the prior half, taking the full year past the £20m mark the company had set as its near-term target.
CML Microsystems (LON: CML), capitalised at around £50m, designs and supplies semiconductors for communications and storage markets. Its stated ambition is to be ‘the first-choice semiconductor partner to technology innovators, together transforming how the world communicates.’
AGM Passes All Resolutions; Dividend Declared
Shareholders gathered on 11 August 2026 at The Lion Inn in Boreham, Essex, for the company’s annual general meeting. The AGM result published via Investegate RNS confirmed all resolutions were passed.
These included adoption of the financial statements for the year ended 31 March 2026, approval of the Directors’ Remuneration Report, and declaration of a final dividend of 6.0p per share. Directors J Lindop and M McCabe were re-appointed to the board, and Cooper Parry Group Limited was re-appointed as auditor.
The meeting passed without public opposition, suggesting shareholders remain broadly supportive of the board’s direction through a period of top-line contraction.
CML Microsystems Operational Recovery Expected to Accelerate in FY27
The AGM statement delivered more than a housekeeping update. According to the AGM statement published on Investor Meet Company, the opening months of FY27 delivered revenue growth, with order intake continuing to improve. The company entered the new financial year with momentum built on the Q4 acceleration.
Stockopedia reported that CML Microsystems expects a return to operational profitability earlier in FY27 than the board had previously anticipated, and that UK gains were flagged after the recovery came through ahead of schedule.
The group has not guided on the precise quarter in which it expects to clear that threshold. Investors will look to the half-year results for clearer visibility.
Those interim results are scheduled for 17 November 2026, covering the six months to 30 September 2026, according to the corporate calendar on the CML Microsystems investor centre. The half-year figures will be the first hard test of whether the Q4 recovery has carried into the new financial year at scale.
