Parade Technologies (4966) investor relations material

Executive summary

• Q1 2026 consolidated revenue was $126.14 million, with net income of $16.73 million and EPS of $0.21, nearly flat year-over-year and sequentially.

• Gross profit for Q1 was $50.83 million, down 3.41% sequentially and 5.38% year-over-year.

• Product launches included industry-first single-chip touch with T-Con embedded driver solutions and new high-speed Ethernet redrivers.

• Automotive and data center segments are expected to contribute more in the second half of 2026.

Financial highlights

• Q1 revenue increased 0.74% sequentially but declined 0.07% year-over-year.

• Net income decreased from $20.19 million in Q1 2025 to $16.73 million in Q1 2026.

• Gross margin declined due to increased manufacturing costs, especially from OSAT and packaging.

Outlook and guidance

• Q2 2026 revenue guidance: $127 million–$141 million.

• Q2 gross margin guidance: 40%–44%; operating expense: $33 million–$36 million.

• Second half of 2026 expected to be stronger than first half, with new products and segments contributing.

• Gross margin expected to improve in Q3/Q4 as price adjustments and product mix changes take effect.