Page 1

• • Renishaw plc 22 October 2026 Renishaw , a world leader in measuring and manufacturing systems , publishes this trading update for the three months ended 30 September 2026 , which contains unaudited information covering the first quarter ( Q1 ) of the FY2027 financial year . Performance highlights Momentum continuing in early FY2027 Strong year - on - year growth in all three business segments and all three regions , building on acceleration during FY2026 . Continued momentum in demand from customers in the semiconductor and the aerospace and defence sectors , with growth also coming through in wider automation and industrial markets . • Disciplined investment in expansion of our manufacturing capacity . FY2027 Q1 segmental revenue Q1 revenue at actual exchange rates was 47 % higher than a weak comparator in the prior year , resulting in a record quarter that was 3 % above FY2026 Q4 . Q1 revenue at constant exchange rates * was 48 % higher than the previous year . Segmental revenue ( £ m ) Industrial Metrology Position Measurement Specialised Technologies Group FY2027 Q1 FY2026 Q1 Growth Constant FX growth * FY2026 Q4 130.8 102.0 28 % 29 % 119.8 96.0 52.1 84 % 85 % 81.7 25.0 16.7 50 % 50 % 42.7 251.8 170.8 47 % 48 % 244.2 Industrial Metrology ( IM ) is gaining momentum , with 29 % year - on - year revenue growth at constant exchange rates in Q1 , and 9 % above FY2026 Q4 . We continue to see growing demand for our 5 - axis co- ordinate measuring machines ( CMMS ) and shop - floor gauging systems , with strong year - on - year revenue growth in the first quarter and a growing order book . Meanwhile , demand for metrology sensors from machine tool and CMM builders has also improved after a flat FY2026 , with notably stronger sales into the aerospace and defence , energy and consumer electronics sectors . Position Measurement ( PM ) achieved record quarterly revenue in Q1 , with 85 % year - on - year revenue growth at constant exchange rates , and 17 % above FY2026 Q4 . Demand for open optical encoders and laser encoders for use in semiconductor manufacturing equipment was particularly strong , with further expansion of our order book during Q1 . We are investing in additional production capacity for these product lines . Meanwhile , we are also seeing growing demand for encoders for harsh environments in automation , robotics and space applications . Specialised Technologies ( ST ) has also made a strong start to FY2027 , with revenue growth of 50 % at constant exchange rates compared to the prior year . Revenues in Q1 were , as expected , lower than an exceptionally strong FY2026 Q4 , but the order book has strengthened . Additive manufacturing ( AM ) was the primary driver of year - on - year growth , as we continue to see strong demand for our AM systems from customers in the aerospace and defence and medical sectors . Spectroscopy revenues in Q1 were marginally lower than the prior year but the order book has strengthened . The divestment process for our neurological business continues . Outlook We have seen a strong start to FY2027 , continuing and broadening the momentum that we established throughout the prior year . Demand in the semiconductor , aerospace and defence sectors remains strong , and is now being complemented by wider automation investment in other industries . We are working hard to scale our supply chain and production capacity , whilst remaining mindful of the cyclical nature of demand over the medium term . We continue to expect strong progress on revenue and operating margin for FY2027 as a whole .