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According to a research report released by CITIC Securities, as terminal AI manufacturers finalize their technical pathways and downstream PCB manufacturers ramp up capacity expansion efforts, the first quarter of 2026 will mark a pivotal moment for assessing the growth pace, market share expansion, and profitability of PCB equipment manufacturers. The report forecasts that the exposure, drilling, drill bit, and inspection sectors will witness a sequential increase in profits in Q1 2026 compared to Q4 2025. The electroplating sector, however, is expected to display notable variations. While the PCBA and Q fabric sectors are projected to maintain year-on-year growth in Q1, the primary performance dynamics are likely to become more evident post-Q1.
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