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AP Memory Technology (6531) investor relations material
AP Memory Technology Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong revenue growth in Q2 2026, with significant YoY and QoQ increases across core product lines.
IoTRAM™, S-SiCap™, and VHM™ product lines are driving business expansion, with IoTRAM™ seeing robust adoption and pricing.
Manufacturing capacity remains a constraint amid high demand, prompting efforts to secure additional resources.
Financial highlights
Q2 2026 net revenue reached NT$2,362.9M, up 13% QoQ and 74% YoY; gross margin at 49%.
Operating margin improved to 31% in Q2 2026 from 28% in Q1 2026.
Net income attributable to shareholders was NT$667.2M, up 1% QoQ and 224% YoY.
Basic EPS for Q2 2026 was NT$4.18.
Cash and cash equivalents totaled NT$9,708.5M as of June 30, 2026.
Outlook and guidance
Anticipates continued strong growth in IoTRAM™ and S-SiCap™ product lines.
IPD is entering a rapid mass production ramp, especially for AI/HPC applications.
VHM™ expected to enter mass production in 2028; capacity expansion initiatives underway for 2027 and beyond.
GDR offering planned to raise working capital and support growth.
- Q1 2026 revenue and net income more than doubled, fueled by strong demand and cash growth.6531
Q1 2026 - Revenue up 35% to NT$5.67B, net income down 21%, OCKY acquired, strong IoT and AI demand.6531
Q4 2025 - Revenue and Q3 net income grew, but year-over-year profit fell; OCKY acquisition completed.6531
Q3 2025 - Revenue surged but FX losses and lower margins resulted in a net loss; OCKY acquired.6531
Q2 2025 - Strong 3Q24 growth in revenue and margins, but cash declined amid customer concentration risk.6531
Q3 2024 - Net profit up 36% in H1 2024, margins improved, and new product design-ins ramping.6531
Q2 2024 - Q1 2025 revenue rose to NT$974.96M, OCKY consolidated, growth expected from S-SiCap™ IPC.6531
Q1 2025 - 2024 net income up 9% with higher margins and new product lines set for 2025 growth.6531
Q4 2024
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