ELAN Microelectronics (2458) Q3 2025 earnings summary

Executive summary

• 3Q25 sales reached NT$3,316M, down 2.6% year-over-year but up 9.4% sequentially from 2Q25.

• Net profit for 3Q25 was NT$770M, a 14.4% increase year-over-year and a 148% increase quarter-over-quarter.

• EPS for 3Q25 was NT$2.81, up from NT$2.49 in 3Q24 and NT$1.23 in 2Q25.

• Revenue for the nine months ended September 30, 2025 was NT$9,466,577 thousand, a slight decrease from NT$9,660,032 thousand year-over-year.

• Net profit for the nine months was NT$1,595,129 thousand, down from NT$2,037,631 thousand in the prior year.

Financial highlights

• Gross margin for 3Q25 was 47.2%, compared to 49.3% in 3Q24 and 48.0% in 2Q25.

• Gross margin for the nine months was 48%, compared to 49% in the same period last year.

• Operating profit margin for 3Q25 was 23.9%, down from 27.2% in 3Q24 and slightly lower than 24.5% in 2Q25.

• Basic EPS for the nine months was NT$5.96, compared to NT$7.47 last year.

• Cash and cash equivalents as of Sep 30, 2025, were NT$3,263M, down from NT$4,274,915 thousand a year ago.

Outlook and guidance

• 4Q25 consolidated revenue expected between NT$2.7B and NT$3.0B.

• Gross margin guidance for 4Q25 is 47% to 50% and operating margin guidance is 18.9% to 24.7%.

• Management will focus on AI applications and diversified AI product expansion, emphasizing innovative R&D and strategic positioning for long-term growth.

• The macroeconomic environment remains uncertain due to policy changes and geopolitical factors, leading to conservative customer ordering behavior.