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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.
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Q3 2025 earnings summary30 Oct, 2025

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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Frequently asked questions

AUO Corporation is a Taiwanese company specializing in the research, development, production, and sale of thin-film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays. The company operates through two main segments: Display and Energy, designing, manufacturing, and selling ingots, solar wafers, and solar modules, alongside providing technical engineering and maintenance services for solar system projects. AUO has diversified its business further into digital signage content, construction projects for environmental protection, medical equipment, and software and hardware for the healthcare industry, emphasizing its role in intelligent manufacturing and investment services. The company is headquartered in Hsinchu City, Taiwan, and its shares are listed on the OTCMKTS.

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