Bruker Corporation (NASDAQ: BRKR) reported its second-quarter results, highlighting stronger-than-expected organic order bookings and earnings per share, but revealed that revenue timing fell short due to a mixed demand environment. CFO Gerald Herman noted that China experienced over 20% order growth, while the semiconductor-metrology business saw more than 15% growth, driven by demands in artificial intelligence and advanced packaging.
Looking ahead, Bruker anticipates over €1 billion in fourth-quarter revenue, aided by the delayed semiconductor shipments and new product introductions. Herman pointed out that U.S. academic and government research funding, which constitutes about 8% of the company’s total revenue, is seeing signs of improvement that should positively influence 2027 revenue.
Bruker plans to expand operating margins significantly, projecting more than 250 basis points in 2026 and over 100 basis points in 2027, driven by cost reductions and a favorable revenue mix. With aftermarket revenue now making up about 40% of total revenue, the company aims for a 50/50 revenue split between instruments and aftermarket services in the long term.
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