Chicony Electronics (2385) Q1 2026 earnings summary

Executive summary

• Net income for 1Q26 rose 93% sequentially from 4Q25, with EPS up 92% QoQ; however, both declined year-over-year by 8.6% and 8.7% respectively.

• Revenue for 1Q26 was NT$22.87B, down 0.9% QoQ and 1.8% YoY, reflecting a slight contraction in sales.

• April 2026 revenue reached NT$7.3B, with YTD revenue at NT$30.1B.

Financial highlights

• Operating profit increased 11.3% QoQ but fell 19.5% YoY.

• Gross margin for 1Q26 was 16.1%, down 0.7ppt QoQ and 2.4ppt YoY.

• Net margin improved to 6.4% from 3.3% in 4Q25, but slightly below 6.8% in 1Q25.

• Book value per share at 1Q26 was NT$56.72.

Outlook and guidance

• Revenue has shown a 2.4% CAGR since 2016, indicating steady long-term growth.

• The company maintains a balanced and diversified product portfolio to support global top-tier customers.