ELAN Microelectronics (2458) Q1 2026 earnings summary

Executive summary

• 1Q26 consolidated sales reached NT$3,225M, up 3.4% year-over-year and 12.8% sequentially, driven by strong notebook touch solutions and a favorable product mix despite seasonality.

• Net profit attributable to parent company was NT$705M, a 29% increase year-over-year, with EPS of NT$2.46 (basic) and NT$2.43 (diluted).

• The Group completed the acquisition of Uniband Electronic Corp., increasing its stake to 51% and consolidating its results from January 2026.

Financial highlights

• Gross margin for 1Q26 was 48%, down from 50% in 1Q25 but up from 49.3% in 4Q25.

• Operating margin was 24.2% in 1Q26, compared to 25.1% in 1Q25 and 23.1% in 4Q25.

• Cash and cash equivalents at quarter-end were NT$3,790M, up from NT$2,400M at year-end 2025.

• Net cash from operating activities was NT$928M, up from NT$601M year-over-year.

• Total assets as of March 31, 2026, were NT$16,711M; total stockholders’ equity was NT$9,798M.

Outlook and guidance

• 2Q26 consolidated revenue is expected to be NT$3.2B–NT$3.4B.

• Gross margin guidance for 2Q26 is 46.5%–49.5%; operating margin is expected at 21.4%–25.9%.

• Full-year outlook notes supply shortages in consumer electronic components due to AI server upgrades; the Group is enhancing R&D for non-notebook products and AI applications.