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Espressif Systems (688018) investor relations material
Espressif Systems Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached RMB 647.97 million, up 16.16% year-over-year, with net profit attributable to shareholders rising 44.76% to RMB 135.64 million.
Gross margin improved by 5.14 percentage points year-over-year, driven by a shift to higher-value, platform-type products.
R&D investment increased 22.42% year-over-year, supporting long-term growth and product innovation.
Cash flow from operations dropped 95.44% year-over-year due to proactive inventory buildup amid anticipated raw material price increases.
Financial highlights
Operating income: RMB 647.97 million, up 16.16% year-over-year.
Net profit attributable to shareholders: RMB 135.64 million, up 44.76% year-over-year.
Gross profit: RMB 314.32 million, up 29.91% year-over-year; gross margin increased to 48.5%.
Basic and diluted EPS: RMB 0.8160, up 34.03% year-over-year.
Cash flow from operations: RMB 3.42 million, down from RMB 74.97 million a year ago.
Outlook and guidance
Management notes macroeconomic uncertainty and a moderate pace of demand growth.
Strategic investments in R&D and sales are expected to support future growth, despite short-term cost mismatches.
- Revenue up 40% and net profit up 149% year-over-year, with strong margin and cash dividend proposed.688018
Q4 202417 Mar 2026 - Q1 2025 saw 44% revenue growth and 74% higher net income, with stable margins and strong cash flow.688018
Q1 202515 Dec 2025 - H1 2025 revenue up 35%, net income up 72%, with margin gains and robust IoT demand.688018
Q2 202515 Dec 2025 - Strong year-over-year growth driven by IoT expansion and margin gains, despite Q3 softness.688018
Q3 202515 Dec 2025 - Net income surged 188.1% year-over-year on 42.2% revenue growth and higher margins.688018
Q3 202413 Jun 2025 - Espressif's H1 2024 net income surged 135% on 38% revenue growth and higher margins.688018
Q2 202413 Jun 2025
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