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Chroma ATE (2360) investor relations material
Chroma ATE Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated sales reached TWD 28.3 billion in 2025, up 31% year-over-year, with net income of TWD 11.7 billion, up 121% year-over-year.
Fourth quarter 2025 sales hit a record TWD 8.58 billion, up 34% quarter-over-quarter and 42% year-over-year, with net income of TWD 2.65 billion.
Earnings per share for 2025 reached TWD 27.7, with a dividend payout of TWD 19.5 per share (70% payout ratio).
Both Test Instruments & ATS and Semiconductor/Photonics segments posted strong growth, driven by demand in AI, EV/ESS, and advanced semiconductor markets.
Financial highlights
Gross margin improved to 61% in 2025, up from 59% in 2024; Q4 gross margin was TWD 5.2 billion, up 36% quarter-over-quarter and 45% year-over-year.
Operating income for 2025 rose 68% year-over-year to TWD 9.2 billion; Q4 operating income was TWD 3 billion, up 62% quarter-over-quarter and 92% year-over-year.
Free cash flow reached TWD 6.7 billion, a 131% increase from the previous year.
Return on equity improved to 29% in 2025, up from 22% in 2024.
Cash & short-term investments increased 65% year-over-year to TWD 8.3 billion.
Outlook and guidance
Strong order book and continued growth expected in AI server power, HVDC adoption, ESS, and advanced semiconductor markets.
Semiconductor and photonics sectors projected to see robust growth in 2026, driven by AI, HPC, ASIC, advanced packaging, and CPO adoption.
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