Elite Material Co (2383) Q2 2026 earnings summary

Executive summary

• Achieved significant revenue and profit growth in Q2 2026, with revenue reaching NTD 47.28 billion, up 110% YoY, and net income at NTD 9.87 billion, up 184% YoY.

• Expanded global market leadership, reaching No. 1 in several laminate categories by revenue share.

• Maintained a strong focus on technology innovation, scale, and geographic diversity.

• H1 2026 revenue was NTD 80.34 billion, up 82% YoY; H1 2026 net income was NTD 15.21 billion, up 119% YoY.

• H1 2026 basic EPS was NTD 42.46, up from NTD 20.03 in H1 2025.

Financial highlights

• Revenue reached NT$47,275M in Q2 2026, up 43% QoQ and 110% YoY.

• Net income rose to NT$9,872M in Q2 2026, up 84.9% QoQ and 183.8% YoY.

• Gross margin improved to 34% in Q2 2026, up from 30% in Q2 2025.

• EPS (basic) increased to NT$27.55 in Q2 2026, up 84.9% QoQ and 175% YoY.

• Total assets as of June 30, 2026 were NTD 158.58 billion, with shareholders' equity at NTD 58.31 billion.

Outlook and guidance

• Ongoing capacity expansions planned through 2028 to support growth.

• Targeting a 30% carbon reduction by 2030, using 2023 as the base year.

• Management expects continued growth, supported by capacity expansion and strong demand for copper clad laminates and prepreg products.

• IFRS 18 adoption is planned for 2028, with ongoing evaluation of impacts.