Venture Corporation: Earnings recovery driven by AI infrastructure

Beansprout Pro in brief

• Venture Corporation is growing again after three years of declining revenue, with 2Q 2026 marking its strongest quarterly growth since late 2022.
• The recovery is being led by businesses exposed to AI infrastructure spending across test & measurement, networking and semiconductor-related equipment.
• This exposure is broader than a single AI product cycle. Portfolio B also serves industrial, telecoms, security, storage and payment markets, giving Venture a more diversified growth profile.
• Portfolio A is showing early signs of stabilisation, and a meaningful recovery here could add another leg to growth, but our forecasts do not depend on it.
• Venture has also kept margins close to historical levels through the downturn, while maintaining a sizeable net cash position and a higher ordinary dividend.