ELAN Microelectronics (2458) Q1 2025 earnings summary

Executive summary

• 1Q25 consolidated sales reached NT$3,119M, up 0.4% year-over-year and 2.7% sequentially from 4Q24, driven by early customer orders amid tariff policy changes, especially in touch controller ICs for laptops.

• Operating profit rose 21% year-over-year to NT$785M, with operating margin at 25.1%.

• Net profit attributable to parent was NT$549M, down 19.6% year-over-year and 9% sequentially, impacted by market volatility and valuation losses on financial assets.

• EPS for 1Q25 was NT$1.92, compared to NT$2.40 in 1Q24 and NT$2.10 in 4Q24.

• The company remains focused on collaboration with key customers and prudent operations, maintaining a positive outlook for the year.

Financial highlights

• Gross margin improved to 50.1% in 1Q25 from 47.9% in 1Q24 and 49.6% in 4Q24.

• OPEX decreased 7.3% year-over-year, supporting higher operating margin.

• Non-operating income swung negative to -NT$66M from +NT$177M in 1Q24, impacting net profit.

• Cash and cash equivalents at quarter-end were NT$4,155M, up from NT$3,282M year-over-year.

• Net margin: 16.5% in 1Q25, down from 21% in 1Q24.

Outlook and guidance

• 2Q25 consolidated revenue expected between NT$3.0B and NT$3.2B.

• Gross margin guidance at 48% to 51%; operating margin at 21.8% to 26.5%.

• Forward-looking statements subject to significant risks and uncertainties.

• The company expects to sustain positive business momentum through continued customer collaboration and prudent strategy.