Solid State lifts expectations as defence and industrial demand drive record year-end

Solid State ( (GB:SOLI) ) just unveiled an announcement.

Solid State reported a strong finish to its 2025/26 financial year, with revenue now expected to come in at not less than £150m and adjusted profit before tax set to beat market expectations. All three divisions contributed, with Components boosted by new design wins, Power benefiting from reorganisation and demand in drones and autonomous technologies, and Systems supported by robust communications demand and emerging antenna and integrated systems opportunities.

The open order book rose to about £106.5m, driven largely by around $20m of new Power orders, and most backlog is slated for delivery within 18 months despite lengthening component lead times tied to AI-driven demand and geopolitical tensions. Management said heightened global security spending is fuelling increased demand for its sovereign UK and US technologies, and believes continued investment in capability and capacity positions the group for resilient mid-term growth even as supply chain and macro risks remain.

The most recent analyst rating on (GB:SOLI) stock is a Hold with a £141.00 price target. To see the full list of analyst forecasts on Solid State stock, see the GB:SOLI Stock Forecast page.

Spark’s Take on SOLI Stock

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

Solid State’s overall stock score reflects a stable financial position with challenges in profitability and cash flow. The technical analysis indicates short-term bullish momentum, while the valuation suggests potential overvaluation. Positive corporate events, including significant contract wins and strategic partnerships, bolster the company’s growth prospects. However, the high P/E ratio and declining profitability are key risks.

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

More about Solid State

Solid State plc is a UK-headquartered value-added electronics group supplying industrial and defence markets with rugged components, assemblies and systems for critical applications in harsh environments. Operating through Systems, Power and Components divisions, it focuses on industrial computing, battery power, antennas, secure radio, imaging and electronic components, serving sectors from defence and aerospace to energy, robotics, medical and transportation.

Average Trading Volume: 80,968

Technical Sentiment Signal: Sell

Current Market Cap: £78.57M

Learn more about SOLI stock on TipRanks’ Stock Analysis page.