ELAN Microelectronics (2458) Q2 2025 earnings summary

Executive summary

• 2Q25 sales reached NT$3,032M, down 3.8% year-over-year and 2.8% sequentially from 1Q25.

• 1H25 sales totaled NT$6,151M, down 1.7% year-over-year; net profit for 1H25 was NT$825M, down 39.6%.

• Net profit attributable to owners for 1H25 was NT$902.2M, down from NT$1,421.1M year-over-year.

• Gross margin for the six months was 49%, consistent with the prior year.

• The company remains focused on AI technology applications and revenue diversification amid industry uncertainty.

Financial highlights

• Gross margin for 2Q25 was 48.0%, slightly lower than 48.6% in 2Q24 and 50.1% in 1Q25.

• Operating profit margin for 2Q25 was 24.5%, nearly flat year-over-year and sequentially.

• EPS for 2Q25 was NT$1.23, down from NT$2.58 in 2Q24 and NT$1.92 in 1Q25.

• 1H25 EPS was NT$3.15, compared to NT$4.98 in 1H24.

• Cash and cash equivalents as of June 30, 2025 were NT$3,142.4M, down from NT$4,490.2M a year earlier.

Outlook and guidance

• Predictive information for 3Q25 was not disclosed due to regulatory restrictions, as non-operating income & expenses exceeded 10% of pre-tax income over the last four quarters.

• Management remains cautious for the full year due to ongoing global economic uncertainty, currency fluctuations, and weak consumer electronics demand.

• The company plans to continue investing in AI and expanding revenue sources to adapt to industry trends.