Delta Electronics
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Delta Electronics (2308) investor relations material

Delta Electronics Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary26 Feb, 2026

Executive summary

  • Q4 2025 revenue reached NT$161.6 billion, a record high, up 42% year-over-year and 8% sequentially, driven by strong data center demand.

  • Gross profit in Q4 was NT$55.9 billion, up 59% year-over-year, with a gross margin of 34.6%.

  • Operating profit for Q4 surged 147% year-over-year to NT$26.4 billion, with an operating margin of 16.3%.

  • Net profit after tax for Q4 was NT$17.3 billion, up 141% year-over-year, with EPS of NT$6.67.

  • Full-year 2025 revenue was NT$554.9 billion, up 32% year-over-year, and net profit after tax was NT$60.1 billion, with EPS of NT$23.14.

Financial highlights

  • Q4 EBITDA was NT$32.7 billion, up 92% year-over-year, with an EBITDA margin of 20.2%.

  • Full-year 2025 EBITDA reached NT$117.9 billion, up 51% year-over-year, with a margin of 21.3%.

  • Q4 pre-tax profit was NT$25.6 billion; effective tax rate was 23.4%.

  • Full-year pre-tax income was NT$87.9 billion.

  • Proposed cash dividend for the year is NT$11.6 per share.

Outlook and guidance

  • OpEx expected to increase in 2025 due to ongoing R&D investment and expansion of service teams.

  • CapEx for 2025 projected to be slightly higher than 2024.

  • Main growth drivers anticipated to be AI data centers, power electronics, and infrastructure.

  • Q1 expected to be seasonally lower due to fewer working days, with Q2 likely stronger.

Liquid cooling revenue outlook for 2026
Hydrogen energy meaningful contribution timeline
Capacity expansion strategy for new regions
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Frequently asked questions

Delta Electronics Inc, commonly referred to as Delta, is a global leader in the design, manufacture, and sale of power and thermal management products and services. The company's vast product range includes power supplies, thermal management solutions, and electronic components, along with infrastructure for data centers, facial recognition access control systems, LED lighting, intelligent surveillance systems, automotive electronics, high-power motor drives, and industrial automation products. Delta caters to a wide array of sectors, including consumer electronics, healthcare, IT, home entertainment, transportation, education, and security. Delta Electronics is headquartered in Taipei, Taiwan, and its shares are listed on the Taiwan Stock Exchange.

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