Chroma ATE (2360) investor relations material

Executive summary

• Second quarter 2026 delivered record-high consolidated revenue of TWD 13.53 billion, up 40% quarter-over-quarter and 110% year-over-year.

• Net income to shareholders reached TWD 5.23 billion in Q2, up 161% year-over-year, with EPS at TWD 12.15, both at record highs.

• First half 2026 revenue totaled TWD 25.4 billion, up 91% year-over-year, with net income at TWD 9.18 billion, up 120%.

• Strong momentum in Test Instruments & ATS and Semiconductor segments, with YoY growth of 136% and 62%, respectively.

• Strong operating leverage and efficiency improvements drove earnings growth faster than revenue.

Financial highlights

• Gross profit for Q2 was TWD 8.19 billion, gross margin at 61%, slightly down from 63% in Q1 due to higher component costs.

• Operating income for Q2 was TWD 5.24 billion, operating margin at 39%, up 139% year-over-year.

• Non-operating income of TWD 1.27 billion in Q2, mainly from asset disposals, up 428% YoY.

• Cash and short-term investments as of June 30, 2026, stood at TWD 13.68 billion, up 65% from year-end 2025.

• Free cash flow for the first half was TWD 3.29 billion, up 86% year-over-year.

Outlook and guidance

• Semiconductor and photonics segments expected to outperform in the second half, with continued strong momentum.

• Test Instruments & ATS sales to continue benefiting from AI server power and ESS markets.

• Battery sales project ready to ship from Q3, with demand exceeding initial guidance.

• Legacy semiconductor tester demand revised up, with 10–20% growth expected for the year.

• Price adjustments likely in the second half or for new products to offset component cost increases.