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AP Memory Technology (6531) investor relations material
AP Memory Technology Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
3Q26 revenue rose 39% QoQ and 108% YoY; gross margin reached 56% as IOTRAM demand remained strong and IPD shipments ramped.
Growth outlook extends through 2027, while VHM projects remain on track for mass production in 2028.
Financial highlights
Revenue was NT$3,312M (US$103.6M), up 39% QoQ and 108% YoY.
Gross profit was NT$1,855M, up 60% QoQ and 170% YoY; gross margin was 56% versus 49% in 2Q26 and 46% in 3Q25.
Operating income was NT$1,355M, up 87% QoQ and 256% YoY; operating margin was 41%.
Net income was NT$1,157M; income attributable to parent shareholders was NT$1,176M, up 73% QoQ and 66% YoY.
Basic EPS was NT$7.21, versus NT$4.18 in 2Q26 and NT$4.34 in 3Q25.
Outlook and guidance
Strong business growth is expected through 2027, led by continued IOTRAM growth and higher density and bandwidth needs in wearables and smart MCUs.
IPC shipments are expected to recover in 4Q26; VHM projects are on track, with mass production expected in 2028.
Additional customer advance payments are expected to help secure manufacturing capacity for 2027 and beyond.
- FY earnings declined as operating cash flow rose; M3 stake and AI/HPC initiatives advanced.6531
Q4 2023 - Q2 profit surged as revenue growth and IoTRAM™ demand outpaced capacity.6531
Q2 2026 - 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
Next AP Memory Technology earnings date
Next AP Memory Technology earnings date
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