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AUO Corporation (2409) investor relations material
AUO Corporation Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales reached TWD 69.9 billion, up 1% sequentially but down 10% year-over-year due to NTD appreciation and weak panel prices.
Gross margin dropped to 9.6%, and operating margin turned negative at -2.6%, with a net loss of TWD 1.28 billion and loss per share of TWD 0.17.
EBITDA for Q3 was TWD 5.4 billion, with a margin of 7.8%.
Cumulative EPS for the first three quarters was TWD 0.52; nine-month net profit was TWD 4.07 billion, a turnaround from a net loss in the prior year period.
Cash and cash equivalents stood at TWD 55.8 billion, and gearing ratio was 39.1%.
Financial highlights
Display segment revenue was flat Q-O-Q, impacted by NTD appreciation and panel price declines.
Mobility solutions revenue decreased 3% Q-O-Q, while vertical solutions revenue surged 20% Q-O-Q due to ALYNC consolidation.
OPEX ratio rose to 12.2%, with a short-term target of 11%-12% and mid-term target of 10%.
Inventory turnover days remained at 52, and inventory was TWD 35.8 billion.
Operating activities generated TWD 3.1 billion in cash; CAPEX was TWD 3.6 billion.
Outlook and guidance
Mobility Solutions expected to grow mid- to high-single digit percent Q-O-Q in Q4.
Vertical Solutions revenue to be flat or slightly down in Q4 due to off-seasonality.
Display segment revenue to decline in Q4, but less than the same period last year.
2026 outlook positive, driven by device replacement cycles, sports events, and AI PC demand.
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