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GlobalWafers (6488) investor relations material
GlobalWafers Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Q3 2025 revenue was NT$14.5 billion, down 9.5% quarter-over-quarter and 8.7% year-over-year, with gross margin at 18.4% and net profit margin at 13.6%.
Cumulative revenue for the first three quarters of 2025 was NT$46.1 billion, nearly flat year-over-year, but gross and net profit margins declined significantly.
Net profit for Q3 2025 rose 17.1% sequentially, mainly due to mark-to-market gains on Siltronic shares and exchangeable bonds.
Major milestones included ramping up new 12-inch wafer fabs in Japan, Italy, and the U.S., with strong customer qualifications and government subsidies supporting expansion.
R&D progress included prototype completion and pilot production of square silicon and 12-inch SiC wafers.
Financial highlights
Q3 2025 consolidated revenue was NT$14.5B (-9.5% QoQ, -8.7% YoY); gross margin: 18.4%; net profit margin: 13.6%; EPS: NT$4.12.
Cumulative revenue for the first three quarters was NT$46.1B (-0.4% YoY); net profit: NT$5.1B (-45.5% YoY); EPS: NT$10.68.
EBITDA margin in Q3 was 30.2%, mainly due to valuation gains from Siltronic shares.
CapEx for the first three quarters was NT$26.1B, significantly lower than last year as major investments completed in 2024.
Cash and cash equivalents at September 30, 2025 were NT$15.95B, down from NT$41.73B at September 30, 2024.
Outlook and guidance
Gross margin will remain under pressure in 2025 due to higher depreciation and pilot costs from new fabs; government subsidies will partially offset this.
Mass production ramp-up for new fabs in Italy and Missouri expected in Q1/Q2 2026; further subsidy inflows anticipated in H1 2026.
Wafer demand expected to recover steadily as inventory adjustments near completion and AI applications expand.
Global GDP growth projected to moderate but remain resilient, supported by AI investment and easing policy rates.
Management continues to monitor climate-related risks and global minimum tax regulations.
When will new fab costs cease impacting GM?
What is the market outlook for 12-inch SiC wafers?
How will localization impact market share?
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Next GlobalWafers earnings date
Q4 20254 Mar, 2026
Next GlobalWafers earnings date
Q4 20254 Mar, 2026
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Frequently asked questions
GlobalWafers Co., Ltd. is a Taiwanese technology firm specializing in the design, research, development, manufacturing, and sale of semiconductor rods and wafers. As the third largest silicon wafer supplier globally, the company provides key components for electronics in devices such as computers, smartphones, and various industrial and automotive applications. The company is headquartered in Hsinchu, Taiwan, and its shares are listed on the Taipei Exchange.
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