Primax Electronics (4915) investor relations material

Executive summary

• 3Q26 revenue rose 14.8% YoY to NT$18.231bn, while gross margin fell 3.6 ppts to 13.4% and EPS declined 46.5% to NT$0.83.

• Consumer audio project ramps and easing AIoT component shortages supported growth; soft PC demand and cost pressures remain headwinds.

Financial highlights

• 3Q26 revenue was NT$18,231mn, up 14.8% YoY and 5.9% QoQ; 9M revenue rose 13.5% YoY to NT$51,361mn.

• 3Q26 gross profit was NT$2,444mn, down 9.6% YoY; operating income was NT$363mn, down 53.2% YoY.

• 3Q26 net income was NT$386mn, down 45.7% YoY; EPS was NT$0.83, down 46.5% YoY and 34.1% QoQ.

• R&D expense increased 5% YoY to NT$975mn, equal to 5.3% of revenue.

Outlook and guidance

• 4Q26 revenue is expected to grow at a mid-teens YoY rate, driven by new consumer speaker projects and Auto / AIoT products; soft PC demand is expected to partly offset growth.

• Product mix shifts and persistent cost pressures may weigh on gross margin; the opex ratio is expected to be slightly below 4Q25.

• Information Products revenue is expected to decline by high single digits YoY and QoQ; rising component prices and PC price hikes may further affect demand.

• Smart Lifestyle revenue is expected to grow double digits YoY; Auto / AIoT revenue is forecast to grow at a high double-digit rate, with contribution increasing significantly YoY and QoQ.