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Gooch & Housego lifts H1 revenue and order book on defence demand

Story Highlights
  • Gooch & Housego grew H1 revenue and orders on strong defence demand and recovering industrial markets.
  • The group manages supply-chain pressures, maintains a robust balance sheet, and reiterates full-year trading guidance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Gooch & Housego lifts H1 revenue and order book on defence demand

Meet Samuel – Your Personal Investing Prophet

An announcement from Gooch & Housego ( (GB:GHH) ) is now available.

Gooch & Housego reported first-half 2026 revenue of £81.9 million, up 9.1% on an organic, constant-currency basis, driven by strong and growing demand from aerospace and defence and an improving backdrop in industrial laser and semiconductor markets. The order book rose to £167.3 million, supported by high enquiry levels, particularly from defence customers, and by the successful integration of Global Photonics and Phoenix Optical, which are both expanding capacity to meet significantly higher demand.

Management highlighted that supply-chain risks around key raw materials, linked to retaliatory measures on US tariffs, remain fluid but have so far been managed without disrupting operations. The group maintains a robust balance sheet, with net debt of £37.0 million and additional facilities available for growth investment, continues to expect full-year 2026 trading in line with guidance, and has strengthened its leadership team with the appointment of James Corte as chief financial officer.

The most recent analyst rating on (GB:GHH) stock is a Hold with a £794.00 price target. To see the full list of analyst forecasts on Gooch & Housego stock, see the GB:GHH Stock Forecast page.

Spark’s Take on GHH Stock

According to Spark, TipRanks’ AI Analyst, GHH is a Neutral.

The score is driven mainly by improving profitability and a clear upward price trend (price above major moving averages with positive MACD). Offsetting these positives are weakening cash generation (large free cash flow decline and low cash conversion) and a relatively elevated valuation (P/E 25.56), with only a moderate dividend yield.

To see Spark’s full report on GHH stock, click here.

More about Gooch & Housego

Gooch & Housego is a specialist manufacturer of photonic components and systems serving industrial laser, semiconductor, aerospace and defence markets. The group focuses on complex photonics and optical solutions, and has expanded its capabilities through recent acquisitions in the U.S. and Europe to better address growing defence and high-tech industry demand.

Average Trading Volume: 110,603

Technical Sentiment Signal: Buy

Current Market Cap: £210.8M

Find detailed analytics on GHH stock on TipRanks’ Stock Analysis page.

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