Enablence Technologies Inc. (TSXV: ENA), an Ottawa-based supplier of planar lightwave circuit optical chips, has released preliminary unaudited financial results for its fiscal year ended June 30, 2026, alongside formal revenue guidance for fiscal year 2027. The company projects FY2027 revenue of between US$19.0 million and US$21.0 million, representing approximately 150% year-over-year growth at the midpoint. The announcement also marks a milestone in the company's margin recovery, with its first positive gross-margin quarter recorded during FY2026, drawing investor attention to its Fremont, California manufacturing ramp.

Key Points

  • Enablence Technologies Inc. (TSXV: ENA) — Ottawa-based PLC optical chip supplier serving datacom, telecom, AI, and advanced vision markets
  • Preliminary unaudited FY2026 revenue expected between US$7.9 million and US$8.1 million; FY2027 revenue guided at US$19.0 million to US$21.0 million
  • FY2026 GAAP gross margins guided at -(12)% to -(18)%, a significant improvement from -(40)% in FY2025; FY2027 gross margins targeted at 25% to 35%
  • Investors may be watching the qualification of a second manufacturing location, expected in the second half of FY2027, as a key capacity constraint relief

FY2026 Preliminary Results Show Margin Recovery and Production Gains at Fremont Fab

Enablence's preliminary unaudited results for the fiscal year ended June 30, 2026 point to meaningful improvement in operating performance. The company reported its first positive gross-margin quarter during the period, with full-year GAAP gross margins expected between -(12)% and -(18)%, compared to -(40)% in FY2025. Revenue for the year is projected at US$7.9 million to US$8.1 million. The release attributes the improvement to increased production volumes at the Fremont, California fabrication facility and growing product revenue from LiDAR, advanced vision, and AI-related product lines. The company also cited higher assembly output from its Vietnam facility as a contributing factor.

Enablence Sets Ambitious FY2027 Revenue and Gross Margin Guidance

For the fiscal year ending June 30, 2027, Enablence is guiding revenue of US$19.0 million to US$21.0 million, representing approximately 150% growth year-over-year at the midpoint of both ranges. The company also targets GAAP gross margins of 25% to 35% for FY2027, a significant positive swing from current levels. Management stated the guidance is supported by continued ramp-up at the Fremont fab toward more than 4,000 wafer starts per month, growing AI product line contributions, and increasing assembly revenue from Vietnam. The company expects to exceed 4,500 wafer starts per month by the end of calendar year 2027.

Wafer Capacity Constraints and Second Manufacturing Site Qualification in Focus

The announcement highlights that customer demand continues to outpace available wafer capacity, a constraint the company describes as temporary. Enablence states it is investing in expanding manufacturing at its Fremont facility and expects to qualify a second manufacturing location in the second half of FY2027. The disclosure suggests this second site is central to the company's medium-term growth plan and its ability to serve what management characterises as a robust order book. The immediate share price impact was not clear from available public information.