Accton Technology (2345) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was NT$95,537,694 thousand and net income NT$11,047,097 thousand; H1 revenue reached NT$165,658,435 thousand and net income NT$19,380,206 thousand.

• H1 operating cash flow was negative NT$15,452,605 thousand, driven in part by working-capital investment, including a NT$46,741,913 thousand increase in inventories.

• Review conclusion was qualified because certain non-significant subsidiaries and equity-method investments were not reviewed; otherwise, the reviewers found no matters indicating material misstatement, subject to possible adjustments.

Financial highlights

• Q2 revenue rose to NT$95,537,694 thousand from NT$60,604,798 thousand YoY; H1 revenue was NT$165,658,435 thousand versus NT$103,355,359 thousand.

• Q2 operating income was NT$14,331,320 thousand versus NT$8,116,317 thousand YoY; H1 operating income was NT$24,380,007 thousand versus NT$14,021,704 thousand.

• Q2 net income was NT$11,047,097 thousand versus NT$5,017,080 thousand YoY; H1 net income was NT$19,380,206 thousand versus NT$10,138,509 thousand.

• Q2 basic EPS was NT$19.78 versus NT$9.01 YoY; H1 basic EPS was NT$34.70 versus NT$18.18.

• Q2 gross profit was NT$18,817,436 thousand, with reported gross margin of 20% versus 18% YoY; H1 gross profit was NT$32,526,241 thousand, with margin of 20% versus 19%.

Segment performance

• Operations are aggregated into one reportable segment because plants share similar economic characteristics, products, processes and centralized sales; segment results align with consolidated financial statements.

• H1 revenue by product included Switch at NT$83,057,873 thousand and Network Application at NT$78,222,001 thousand; Metro Access Switch contributed NT$1,687,928 thousand.

• H1 revenue by region was led by the Americas at NT$138,824,099 thousand, followed by Europe at NT$16,065,666 thousand and Asia at NT$6,728,267 thousand.