Inari stock faces a 26.00 percent FY26 profit decline
Published on 09/30/2026 at 15:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Inari stock carries a FY26 core net profit decline of 26.00 percent to RM 187.5 million, while the semiconductor services group enters fiscal 2027 with a recovery thesis tied to radio-frequency and photonics demand. The Star reported on September 1, 2026, that analysts expect stronger RF volumes and rising silicon photonics contributions to support the FY27 outlook.
FY26 decline meets a recovery plan
For the fiscal year ended June 2026, revenue fell 12.20 percent to RM 1.19 billion, while core net profit dropped 26.00 percent. The weaker result reflected lower RF contributions, a RM 24.6 million foreign-exchange loss and a RM 41.9 million provision linked to a May 2026 fire at the Philippines plant, according to The Star.
The quarterly trend was less negative. Fourth-quarter revenue rose 8.70 percent quarter over quarter to RM 288.9 million, supported by higher loading volumes in RF and optoelectronics. That comparison gives the recovery case a measurable starting point, even though the full-year numbers remain below the prior period.
Analyst target rises to RM 2.94
KLSE Screener reported that Apex Securities upgraded Inari to Buy on September 1, 2026, and raised its target price to RM 2.94 from RM 2.11. The target price lies 17.60 percent above the MYR 2.50 primary-exchange price cited below.
Apex expects FY27 core net profit to rebound 37.90 percent, supported by datacom and photonics capacity expansion, RF utilization improvement and advanced packaging opportunities. The same research view also identifies prolonged RF weakness, foreign-exchange volatility and delays in restoring full production as risks to that forecast.
MYR 2.50 last on Bursa Malaysia
Inari was last at MYR 2.50 on Bursa Malaysia on September 30, 2026, at 4:59 p.m. MYT, with the exchange session marked closed in the finance quote. The stock's 52-week range was MYR 1.21 to MYR 2.74, and its market capitalization was MYR 9.6 billion on the same date.
Inari market snapshot
- Company: Inari Amertron Berhad
- Ticker: INARI
- Primary exchange: Bursa Malaysia
- Market capitalization: MYR 9.6 billion (as of September 30, 2026)
- 52-week range: MYR 1.21-MYR 2.74 (as of September 30, 2026)
- Sector / Industry: Technology / semiconductor assembly and testing
