E Ink (8069) Q1 2026 earnings summary

Executive summary

• Achieved record-high Q1 2026 revenue of NT$8,633 million, operating profit of NT$2,814 million, and net income of NT$2,795 million, driven by improved product mix, color ePaper growth, and steady demand.

• Gross margin improved to 59% from 52% in Q1 2025, with operating margin at 32.6%.

• ePaper technology showcased in BMW iX3 Flow Edition, marking a milestone in automotive integration.

• Transitioning from display interfaces to intelligent, interactive surfaces, expanding applications in automotive, retail, healthcare, and public spaces.

• Continued investment in R&D, talent, and capacity expansion to support technology transition and new applications.

Financial highlights

• Q1 2026 consolidated revenue: NT$8,633 million, up 7% year-over-year; operating profit: NT$2,814 million, up 31%; net income: NT$2,795 million, up 27%; EPS: NT$2.41.

• Operating margin improved to 32.6%; gross margin reached 59%.

• Total assets grew to NT$109,698 million, up 17.2% year-over-year.

• Cash and financial assets reached NT$71.9 billion, with cash and cash equivalents at NT$20,142 million.

• Dividend payout for 2025 was NT$6,799 million, or NT$5.9 per share.

Outlook and guidance

• Q2 expected to be better than Q1, Q3 better than Q2, with Q4 seasonally lower.

• Overall 2026 revenue growth projected at 20%-25%.

• ESL segment expected to grow 20%-25%, mainly from small-size tags.

• Signage and eNote/eReader segments to see single-digit to 10% growth.

• Ongoing investments in production capacity and R&D are expected to support future growth.