Curtiss-Wright Plans $30M Round Rock Expansion as Q2 Holdings Posts 12% Revenue Growth

A defense and nuclear supplier is expanding its Williamson County sensor plant, two Austin software companies report steady third-quarter gains, and a new prototyping factory lands in Austin.

Curtiss-Wright Corp. said Thursday it will invest $30 million to expand its Round Rock manufacturing operations, the largest Silicon Hills announcement of a quiet day that came as Austin Tech Week neared its end. Austin-based banking software maker Q2 Holdings reported 12% revenue growth, and a sharply higher profit; payroll software company Asure Software narrowed its losses, and a new industrial prototyping center backed by about $30 million in equipment confirmed plans to open in Austin.

Curtiss-Wright to Invest $30 Million in Round Rock Sensor Plant

Curtiss-Wright, a publicly traded aerospace, defense and nuclear equipment supplier, announced a $30 million capital investment to expand its facility in Round Rock, according to a company press release issued Oct. 29. The site is part of the company’s Naval & Power segment and its nuclear division.

The project will add manufacturing capacity for the pressure and temperature sensors made in Round Rock and create room for future instrumentation and control products, including radiation monitoring systems. Plans also call for an Advanced Innovation Center, a metrology testing lab and a project management office. Chair and CEO Lynn M. Bamford said the investment will help the company “meet growing customer demand for our critical temperature and pressure sensors.”

The company said it expects headcount at the facility to grow but did not give a hiring target, square footage, or a completion date. The expansion adds to Williamson County’s advanced manufacturing base tied to the defense and nuclear energy industries.

Q2 Holdings Reports 12% Revenue Growth, Higher Profit

Austin-based Q2 Holdings, which sells digital banking software to banks and credit unions, reported third-quarter revenue of $225.8 million, up 12% from a year earlier, according to its earnings release filed late Wednesday. GAAP net income more than doubled to $33.2 million from $15 million, and adjusted EBITDA reached $67.8 million, a 30% margin.

The company signed seven Enterprise and Tier 1 contracts during the quarter, including deals with a Tier 1 credit union and a Tier 1 bank for commercial digital banking. CEO Matt Flake cited “solid bookings led by digital banking.” Q2 projects full-year revenue of $888 million to $892 million and fourth-quarter revenue of $226 million to $230 million.

Q2 also bought back about 600,000 shares for $38.8 million, bringing year-to-date repurchases to $158.9 million, with about $336.1 million remaining under its authorization.

Advanced Manufacturing Partners Picks Austin for Prototyping Factory

Advanced Manufacturing Partners, or AMP, is opening a flagship prototyping facility in Austin with about $30 million in equipment at the start, Community Impact reported Thursday. AMP is a strategic partner of the American Center for Manufacturing and Innovation, which develops industrial campuses nationwide. This is ACMI’s first project in Texas.

The facility will include a manufacturing floor, labs and offices where hardware companies can build prototypes without investing in their own equipment. Its machinery includes what trade publication Additive Manufacturing describes as the world’s first AMCM M 8K large-format metal 3D printer. AMP is already working with customers, and a grand opening is planned for early 2027. Officials have not disclosed the site, square footage or staffing.

ACMI founder John Burer told Community Impact there “appears to be a manufacturing renaissance right now,” and compared AMP’s potential role to that of SEMATECH, the chip consortium that anchored Austin’s semiconductor industry.

Asure Software Narrows Loss, Closes Payroll Acquisition

Austin-based Asure Software, which provides payroll, tax and human resources software for small and midsize businesses, reported third-quarter revenue of $40 million, up 10% year over year, according to its earnings release. Recurring revenue rose 16% to $36.9 million, and the net loss narrowed to $600,000 from $5.4 million a year earlier.

In October, Asure completed a $26.5 million acquisition of a payroll processor in the southeastern U.S. and signed a new $115 million credit agreement led by MUFG Bank. It also added distribution through the AWS Marketplace and Oracle. The company expects 2026 revenue of $162 million to $164 million and issued a 2027 outlook of $183 million to $187 million.

Phunware Lays Out AI Pivot in Shareholder Letter

Austin-based Phunware, best known for mobile wayfinding apps, issued a shareholder letter Thursday describing its shift to an AI-driven “guest intelligence” platform for hotels, resorts and health systems. CEO Dmitry Kroshka said the company’s AI Concierge is out of beta at a large Caribbean resort, where 70% of app users adopted it, and will expand to more properties this quarter.

Phunware has shut down its advertising business, begun raising prices, and is preparing healthcare products for late and missed appointments. The letter says the company has no debt but still operates at a loss. Kroshka summed up the approach: “We build first, announce when we can demo.”

Also in Silicon Hills

• Virtuix (Austin) received a U.S. Patent and Trademark Office notice of allowance for footwear designed to improve traction on its omnidirectional treadmills. The company says it holds 27 U.S. patents with five pending. GlobeNewswire
• Alchemy Technology Group, backed by Avance Investment Management, acquired Freeit Data Solutions, an Austin IT and cybersecurity provider with a 16-year history serving state, local and education customers. PR Newswire
• Trust Ventures, an Austin venture firm that backs startups in heavily regulated industries, has filed with the SEC to raise a $400 million fifth fund. TechCrunch
• Austin Tech Week wraps up Friday, Oct. 30, after a week of events across the city. Austin Tech Week

Only in Austin

AMP’s SEMATECH comparison points back to one of Austin’s biggest economic wins. In January 1988, SEMATECH, a consortium of 14 U.S. chipmakers formed to help the industry compete with Japan, picked Austin for its research headquarters. Texas beat 11 other finalists from an original field of 34 states, and Gov. Bill Clements called the win a “homerun.” The consortium moved into a 300,000-square-foot former Data General plant, and the Defense Department put in $500 million over five years. SEMATECH moved to Albany, New York, in 2007, but for nearly two decades Austin was the center of the national push to rebuild U.S. chipmaking. (The Scientist)