Hi-tech memory company Weebit Nano Ltd (ASX: WBT) posted a huge jump in net profit recently to a record $15.3 million, and the analysts at Pitt Street Research believe the shares are now in line for a rerating.

The profit was up 246% on FY25 and the company believes strong growth will continue due to the benefits of their ReRam technology.

Fast, efficient memory to drive revenue

Weebit Nano said in their recent profit report that AI, digitisation and “increasing intelligent electronics” were driving demand for faster, more efficient embedded memory.

The company said:

ReRAM is becoming the leading technology to succeed embedded flash in next‑generation semiconductor devices, combining the performance, scalability and manufacturability required for future applications. Weebit ReRAM delivers ultra‑low power consumption, fast access times, excellent endurance and long data retention, even at high temperatures and in harsh operating environments. It is highly scalable to advanced process nodes and supports emerging computing architectures, including AI applications. With qualified solutions available across multiple foundry platforms, Weebit ReRAM is well positioned for a broad range of automotive, industrial IoT, consumer and AI‑enabled devices.

Weebit Nano Chief Executive Officer Coby Hanoch said the company expected revenue of at least $7.1 million in the first half of FY27, up from $5.6 million in the previous corresponding period.

He added:

Weebit Nano has a large addressable market. We are currently the leading independent supplier that can support multiple foundries and their customers, while competing ReRAM technologies developed by some foundries, are generally available only to customers manufacturing within these foundries. We enter FY27 in a materially improved financial position, having successfully raised $102 million (including a Share Placement Plan) to cement our ReRAM leadership in the embedded NVM market and accelerate development of a solution for the In‑Memory Compute (IMC) domain.

Broker says this ASX tech stock is looking cheap

Pitt Street Research said in a note to clients this week that Weebit Nano was building strong traction in the analogue semiconductor market, “which we see as its “lowest-hanging” commercial opportunity, with two of its largest customers already in the space”.

The broker said analogue was just one of multiple large markets for the company.

They added:

The real inflection point, however, in Weebit Nano’s business model begins as royalty revenue starts to scale. Royalties carry very high incremental margins, meaning a greater share of each additional dollar of revenue should flow through to profitability. In our scenario analysis, we believe royalties could account for more than 30% of total revenue post-2030, as existing customers move into broader mass production.

Pit Street Research has a price target on Weebit Nano shares of $10.20, compared to $3.46 currently. The company is valued at $899.2 million.

The post Could this ASX tech company really rise 180%? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This week, Corporate Travel Management Ltd (ASX: CTD) posted its FY26 results, revealing a 36% lift in underlying EBITDA to $113.6 million and $17.7 million net profit after tax for FY26.

What did Corporate Travel Management report?

• Revenue and other income up 4% to $669.9 million
• Underlying EBITDA rose 36% to $113.6 million
• Net profit after tax (NPAT) of $17.7 million (improved from an FY25 loss of $348.5 million)
• Transaction volumes climbed 13% to 18.3 million
• $669 million in new business wins and $1.5 billion re-tendered or renewed
• Group liquidity supported by $106.9 million cash and new $175 million funding package

What else do investors need to know?

CTM made solid progress on resolving customer refund matters during the year, with around 78% of refunds now either agreed or close to being finalised. The business also continued to embed improvement initiatives in governance, risk management, and operational controls across its regions.

Results showed notable improvement in both Australia/New Zealand and Europe. ANZ revenue grew 6%, with a 53% jump in underlying EBITDA, while Europe delivered a turnaround, helped by new special project work and better contract terms. The company also finished the year with substantial cash reserves and recently secured an extra $175 million funding package to support ongoing operations and remediation.

The Whole of Australian Government Travel Arrangements audit found no evidence of widespread overcharging and highlighted robust program controls and a collaborative approach between CTM and government. The company also announced Stewart Harvey as its new CEO for UK/Europe, following an extensive recruitment process.

What did Corporate Travel Management management say?

Managing Director and CEO Ana Pedersen said:

FY26 represents an important step forward for CTM. We delivered a significant improvement in earnings and continued to maintain strong levels of client retention across our global operations. The strength of our customer franchise was evident throughout the year, with $669 million of new business wins and $1.5 billion of re-tenders and renewals secured across the Group. This demonstrates the confidence customers continued to place in CTM throughout FY26 and provides clear evidence of the quality of CTM’s customer service and value proposition. We also made substantial progress on customer remediation, with approximately 78% of refunds agreed or close to finalisation, supported by the recently announced $175 million funding package. While our earnings remain below historical levels and there is still work to do, FY26 demonstrates meaningful progress in stabilising the business, strengthening our foundations and positioning CTM for growth.

What’s next for Corporate Travel Management?

The company says trading in the first month of FY27 is broadly in line with expectations, with transaction volumes and TTV reflecting usual seasonal factors and client mix. Year-to-date, CTM has secured $178 million in new business wins and renewed key contracts, including with the UK Ministry of Defence.

The Board remains focused on finalising remediation activities, continuing to strengthen governance and control frameworks, and improving operating performance. Further insights and guidance are expected at the Annual General Meeting in November 2026.

View Original Announcement

The post Corporate Travel Management swings to profit as earnings jump in FY26 appeared first on The Motley Fool Australia.

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• Corporate Travel Management reports FY25 and 1HY26 earnings
• Corporate Travel Management secures new funding and updates on FY25 and FY26 earnings
• Corporate Travel Management updates UK remediation progress and settlement terms
• Corporate Travel Management teams up with Amadeus for global tech upgrade
• Corporate Travel Management secures new UK Ministry of Defence contract

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

September is here, and two ASX technology shares are high on my watchlist after recently reporting their FY26 results.

I think both still have substantial long-term opportunities ahead, although investors need to be comfortable with some uncertainty along the way.

Zip Co Ltd (ASX: ZIP)

Zip has become a much stronger business than the company investors may remember from the buy now, pay later boom.

The company finished FY26 with 6.5 million active customers and 97,400 merchants globally. Total transaction volume increased 27% to $16.7 billion, while cash EBTDA jumped 58% to $268.9 million.

For me, the important development is that rapid growth is increasingly being accompanied by stronger profitability.

The US opportunity remains especially exciting to me. Zip has been expanding beyond occasional discretionary purchases into areas such as health, education, transport, groceries, and other everyday spending. Customers are also using the service more frequently, while partnerships with businesses such as Stripe can put Zip in front of many more merchants.

This creates the possibility of Zip becoming a much more regular part of how customers manage short-term cash flow.

Credit quality will always be important, and consumer lending brings risks if economic conditions weaken. But Zip’s FY26 net bad debts remained well controlled at 1.8% of transaction volume.

I think the combination of US growth, improving profitability, and deeper customer engagement makes Zip an interesting September buy.

WiseTech Global Ltd (ASX: WTC)

I would also buy WiseTech shares in September.

There is still uncertainty around the integration of e2open, its newer commercial model, leadership changes, and how quickly some of its growth initiatives will deliver.

But I find its position within global logistics difficult to ignore. WiseTech’s software is used by more than 20,000 logistics companies across 193 countries. This includes 47 of the world’s top 50 third-party logistics providers and 24 of the 25 largest global freight forwarders.

I think that is an extraordinary position in an industry where moving goods internationally requires companies to handle customs, compliance, transport, warehousing, documentation, and countless other processes.

CargoWise sits deep inside those operations.

WiseTech also ended FY26 with 61 large global freight forwarder rollouts, while several contracted customers still have substantial volumes waiting to go live. I think that gives the company a strong foundation for further growth.

The e2open integration could expand WiseTech’s reach across the wider supply chain, while AI offers opportunities to automate more of the work its customers currently perform manually.

There is plenty to prove, but I am willing to accept some uncertainty when the underlying competitive position is this strong.

Foolish takeaway

Both ASX shares require investors to look beyond the next quarter.

Zip is showing that its US expansion can produce strong growth alongside improving economics, while WiseTech remains deeply embedded in an industry where its software can become increasingly valuable.

For investors prepared to tolerate some bumps, I think September could be a good time to take a closer look at both.

The post Why I think Zip and WiseTech shares could be buys in September appeared first on The Motley Fool Australia.

More reading

• Experts tip these $3 billion ASX shares to deliver over 75% returns
• WiseTech shares had their best month in a year. Is this a buying opportunity?
• Is it time to get greedy with Zip shares?
• Short sellers are targeting these ASX shares. Should you worry?
• 5 things reporting season taught ASX investors about FY27

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.