What AI bubble is TRT in?

Trio-Tech International (TRT) is mapped to the Semi Equipment / Litho bubble on QuantAbundance. Back-end semi reliability test services + burn-in boards - adjacent to the bubble core (ASML/AMAT/LRCX/KLAC front-end tooling). Q3 FY26 +124% YoY rev (Back-End segment +141% to $13.1M), $7.8M cumulative AI-GPU burn-in board orders, 104k sqft Malaysia capacity. Secondary tier - back-end test services are one hop removed from the bubble's front-end tooling-spend cycle.

What sector is TRT in?

Trio-Tech International is classified under GICS Information Technology (Semiconductor Materials & Equipment).

What is TRT's last close price?

TRT last closed at $4.70 on 2026-11-06.

TRT

NYSE

Trio-Tech International ação

Information Technology · Semiconductor Materials & Equipment

$4.70last close

+40.3%~252d

Price

+40.30% over 1Y

Follow $TRT and the AI trade, free.

Each weekday: the watchlist of pullbacks inside uptrends, every new ticker teardown, and the bubble shifts that move names like this one. Free. Education, not advice.

Free when you join: the $HOOD Teardown Dossier (Robinhood Markets), the full desk file we sell in the shop. One per new reader.

No spam. One email per day max, unsubscribe in one click. Pro ($49/mo) includes every dossier and report in the shop.

Tese

em 2026-11-08

Microcap semi back-end burn-in test services pivoting into AI GPU + auto-semiconductor reliability testing. Q3 FY2026 (2026-05-14) confirmed the pivot: rev $16.51M +124% YoY, Back-End Solutions $13.1M +141%, 9-month $47.67M / $165K net income vs prior-year loss.

Capacity response: 104k sqft Malaysia lease earmarked for AI testing. $10M Apr raise (~12% dilution) priced into the parabola; customers undisclosed.

2026-05-14 - Q3 FY2026 print: revenue $16.51M (+124% YoY); Semiconductor Back-End Solutions segment $13.1M (+141% YoY); GAAP net loss $38K (near-breakeven vs $495K loss prior year). 9-month FY26: rev $47.67M, net income $165K - turnaround from prior-year loss
2026-05-14 - Capacity expansion concrete: signed lease on an additional 104,000 sqft in Malaysia, earmarked for AI-related testing services. Funded by the Apr 27 $10M raise
2026-05-15 - Stock reaction: ranged $13.23 → $20.71, closed ~$20.27 on 3.74M shares (~4× average volume of 925K). Mcap re-rated to ~$184M
2026-02-13 - Q2 FY2026 reported +82% YoY revenue, attributed to AI + EV semi reliability test demand
2026-03-04 - $2.5M production burn-in order from a leading automotive IDM (customer not disclosed)
2026-03-17 - $5.3M burn-in board order for a "next-generation AI GPU platform" + $2.5M follow-on (per Q3 release) = $7.8M cumulative AI-GPU burn-in board orders
2026-04-24/27 - Registered direct offering priced + closed: $10M, 1,052,632 shares at ~$9.50, ~12% dilution on the ~9M-share base. Proceeds: AI + auto semi capacity expansion (Malaysia lease is the first concrete spend)
2026-04-15/17/21 - Insider Form 4 filings; direction not yet pulled - material to the read on whether management treated the spike as distribution
Snapshot 2026-05-15: spot ~$20.27, mcap ~$184M, Q3-annualized revenue ~$66M (P/S ~2.8× on run-rate) or TTM ~$53M (P/S ~3.5×). Net cash ~$26.5M post-raise vs ~$3M debt. Gross margin 19.7% (slim), GAAP near-breakeven. Compared to 2026-05-05 snapshot (price $12.54, mcap $126M): fundamentals caught up to the multiple rather than the multiple compressing
Setup tension: real customer wins + clean balance sheet + concrete capacity spend (Malaysia lease), but the $10M raise priced INTO the parabola, customers (auto IDM, AI GPU OEM) remain undisclosed → concentration risk unquantifiable, and insider Form 4 direction is still the missing tell

Questions about $TRT? Ask the research assistant.

It reads our $TRT data (thesis, key levels, peers, a year of prices) and any chart screenshot you paste, then explains the setup in plain English. Free with an email login, 5 questions a day. Education only: it never tells you to buy or sell, and it can be wrong, so check the numbers.

Ask about $TRT

Analyze TRTinteractive tools

Fibonacci levels Correlation matrix Learn the method

Bubblescapital-flow co-movement

Semi Equipment / Lithow 0.45

Convictionin 1 watchlist

#4Photonics & Power Watch

Top correlated252d co-movement

Related research

All research

Long-form analysis touching TRT

Recent news

High-signal only

Show all (incl. clickbait)

No major news in the last 7 days for TRT - only listicles and opinion pieces, which we filter out by default. See everything anyway.

Key levels

$7.39
0.786 retr of 3.25->22.60 (52w) · 2026-11-06
Out of reach · reference only
-36.4%
$10.64
0.618 retr of 3.25->22.60 (52w) · 2026-11-06
Out of reach · reference only
-55.8%
$12.93
0.5 retr of 3.25->22.60 (52w) · 2026-11-06
Out of reach · reference only
-63.6%
$15.21
0.382 retr of 3.25->22.60 (52w) · 2026-11-06
Out of reach · reference only
-69.1%

Price has moved beyond every level on record here. They are kept as structural reference, not as an entry map.

Open full Fib grid →Correlation lookup →🔔 Get Telegram alerts for $TRT →

Facts

Exchange: NYSE
Currency: USD
Market cap: $49M
Last update: 2026-11-06

Revenue (TTM)$63M

P/E -

P/S0.8×

Net margin-0.1%

Frequently asked questions

What AI bubble is TRT in?: Trio-Tech International (TRT) is mapped to the Semi Equipment / Litho bubble on QuantAbundance. Back-end semi reliability test services + burn-in boards - adjacent to the bubble core (ASML/AMAT/LRCX/KLAC front-end tooling). Q3 FY26 +124% YoY rev (Back-End segment +141% to $13.1M), $7.8M cumulative AI-GPU burn-in board orders, 104k sqft Malaysia capacity. Secondary tier - back-end test services are one hop removed from the bubble's front-end tooling-spend cycle.
What sector is TRT in?: Trio-Tech International is classified under GICS Information Technology (Semiconductor Materials & Equipment).
What is TRT's last close price?: TRT last closed at $4.70 on 2026-11-06.