AIROHA TECHNOLOGY (6526) Q4 2025 earnings summary

Executive summary

• Full-year 2025 revenue reached NT$20,926 million, up 9.4% year-over-year, driven by wireless and broadband communication chips.

• Net income for 2025 was NT$2,900,763 thousand, a 7.8% increase from 2024.

• Revenue for 4Q25 was NTD 4,551 million, down 19.2% sequentially and 5.8% year-over-year.

• Net income for 4Q25 was NTD 533 million, a decrease of 35.4% quarter-over-quarter and 8.6% year-over-year.

• Major business combination: IC PLUS Corp. became a consolidated subsidiary from July 1, 2024.

Financial highlights

• Gross margin for 4Q25 was 53.6%, up 1.4pts sequentially but down 0.1pts year-over-year.

• Operating income for 4Q25 was NTD 477 million, down 45.6% quarter-over-quarter and 17.6% year-over-year.

• EPS for 4Q25 was NTD 3.32, down from NTD 5.00 in 3Q25 and NTD 3.76 in 4Q24.

• Full-year 2025 EPS was NT$17.32, up from NT$16.10 in 2024.

• Cash and cash equivalents at year-end 2025 were NT$12,742,064 thousand.

Outlook and guidance

• Management expects continued growth in wireless and broadband chip demand.

• Forward-looking statements caution on risks including market oversupply, competitive pricing, and global economic conditions.

• No impairment of goodwill identified; long-term growth rate adjusted for product lifecycle and macroeconomic factors.