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Solid State plc: Business Overview, Financials & Competitive Analysis

Solid State plc scores 7/10 on the AskCyborg Cyborg Score (Strong). Defense-leveraged electronics supplier positioned for significant growth through structural defense spending increases and strategic acquisitions. With UK and NATO defense spending forecast to grow 8-9% through 2035, Solid State benefits from significant tailwinds. Recent analyst upgrades to Buy with 240-253p price targets, combined with a strong order pipeline and.

What is Solid State plc's industry? Solid State plc (solidstateplc.com) operates in Electronic Components & Defense Electronics. AskCyborg classifies Solid State plc under Electronic Components & Defense Electronics in its company registry.

Solid State is a UK-based value-added electronics group supplying industrial and defense markets with durable components, assemblies and systems for critical applications, with core focus on ruggedized computing, batt...

7/ 10Strong

Cyborg Score thesis

Defense-leveraged electronics supplier positioned for significant growth through structural defense spending increases and...

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Industry Electronic Components & Defense Electronics
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 19, 2026
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What's in This Report
Solid State plc OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Solid State plc Overview

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Solid State is a UK-based value-added electronics group supplying industrial and defense markets with durable components, assemblies and systems for critical applications, with core focus on ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components. The company's defense revenues have risen 57% over the past three years, significantly outpacing the UK's 25% defense spending increase.

Strategic Profile

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The company's acquisition strategy aligns with the board's goal to grow the underlying core business and deliver EPS of 20p by 2030. Recent wins include orders across unmanned aerial vehicles, maritime technologies, portable medical devices, industrial applications and energy sectors, positioning Solid State to capitalize on structural defense spending increases across UK and NATO.

Competitive Landscape

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Solid State operates across industrial computing, battery systems, communications, and component distribution, serving defense, industrial, medical, energy and autonomous systems markets. Primary competitors include larger diversified defense/electronics suppliers but Solid State's specialization in ruggedized systems and battery solutions provides differentiation.

Industry Context

Solid State plc operates in Electronic Components & Defense Electronics.

Key facts

Founded: 1963 · Headquarters: Redditch, UK · Revenue: ~£170m · Market cap: £93.6m

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Solid State plc.

  • Defense revenues grew 57% over three years, dramatically outpacing broader UK defense spending growth of 25%
  • Custom Power (power division) won $7.4m in orders for UAVs, maritime, medical, and autonomous vehicle applications with repeat US defense demand
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Recent developments

Material events tracked by the AskCyborg corpus.

  • 2026 Q1Berenberg initiated coverage with Buy rating and 240p price target citing defense tailwinds
  • 2026 Q1Custom Power secured $7.4m in orders across UAVs, maritime, and autonomous vehicle sectors
  • +1 moreTrack every material event for Solid State plc as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Electronic Components & SystemsLarge diversified connectors and electronics suppliers→Defense ElectronicsLarge integrated defense systems suppliers→Battery & Power SystemsSpecialized power conversion and battery management→

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Industry context

Solid State plc operates in Electronic Components & Defense Electronics. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Solid State plc do?+
Solid State is a UK-based value-added electronics group supplying industrial and defense markets with durable components, assemblies and systems for critical applications, with core focus on ruggedized computing, batt...
What is Solid State plc's Cyborg Score?+
Solid State plc has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Solid State plc's main competitors?+
Named competitors include Electronic Components & Systems, Defense Electronics, Battery & Power Systems. The full competitive landscape is in the AskCyborg report.
How can I get the full Solid State plc research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Solid State plc research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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