Chroma ATE (2360) Q1 2026 earnings summary

Executive summary

• Net sales reached NT$11,859.7 million in Q1 2026, up 73% year-over-year and 38% sequentially, achieving a record high.

• Net income rose to NT$3,948.1 million, an 83% increase year-over-year and 49% sequentially.

• Operating income was NT$4,797.4 million, up 122% year-over-year and 61% quarter-over-quarter.

• Earnings per share (EPS) were NT$9.12 basic, up 81% year-over-year and 51% sequentially.

• Gross margin reached 63%, the second highest quarterly level.

Financial highlights

• Cash and short-term investments grew 10% from last year-end, totaling NT$9,143 million.

• Free cash flow reached NT$5,321 million, an 89% increase year-over-year.

• Total assets reached NT$54,619.5 million, a 16% increase year-over-year.

• Inventory turnover was 172 days; accounts receivable turnover was 77 days.

• Net debt to equity remains net cash; return on assets at 51%, up from 29% last year-end.

Outlook and guidance

• Anticipates continued strong results in testing instruments and ATS for the year.

• Expects battery cell project to contribute to revenue from Q2 onward.

• Considering upward revision of forecasts for coming quarters due to increasing demand and longer cycle times.

• Sufficient capacity planned for the next 3–5 years, retaining both north and south towers for future expansion.

• Forward-looking statements highlight ongoing risks and uncertainties, with no explicit revenue or profit guidance.