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Winbond Electronics (2344) investor relations material
Winbond Electronics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Returned to profitability in 3Q25, driven by strong memory business performance and improved gross margins.
CMS business achieved record revenue, while Flash business maintained global leadership in NOR Flash.
Consolidated financial statements for the nine months ended September 30, 2025, were reviewed by independent auditors, with no material misstatements identified.
The group operates in customized memory solutions, flash memory, and logic IC segments, with all segments contributing to revenue.
Expansion projects and new product launches are underway, with significant CAPEX planned for 2026–2027.
Financial highlights
Net sales reached NT$21,771M in 3Q25, up 3.6% QoQ and 2.1% YoY.
Operating revenue for the nine months ended September 30, 2025, was NT$62,781M, nearly flat YoY.
Net income was NT$2,701M in 3Q25, reversing a loss in 2Q25; nine-month net income was NT$1,387.8M, down YoY.
EPS for 3Q25 was NT$0.65; YTD EPS at NT$0.12; nine-month EPS was NT$0.29.
Gross margin for 3Q25 improved to 46.7%; nine-month gross margin was 32%.
Outlook and guidance
NOR Flash prices expected to rise due to higher material costs and demand recovery.
SLC NAND supply remains tight, supporting sustained price increases.
DDR4/DDR3 contract prices projected to rise into 2026 due to supply gaps.
16nm CMS process to enter mass production in 2026; CUBE project to contribute in 2027.
The group is monitoring the impact of Pillar Two income tax legislation and new IFRS standards.
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