Elite Material Co (2383) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was NT$60,885m, up 28.8% QoQ and 142.1% YoY; net income was NT$14,499m, up 46.9% QoQ and 265.8% YoY.

• Gross margin reached 37.7%, operating margin 30.7%, and basic EPS NT$40.47.

Financial highlights

• Gross profit was NT$22,951m, up 43.4% QoQ and 202.9% YoY; operating profit was NT$18,687m, up 46.7% QoQ and 274.5% YoY.

• Income before tax was NT$18,703m and tax expense was NT$4,204m; net margin was 23.8%.

Outlook and guidance

• Planned laminate capacity rises from 5.85m sheets/month in 2026 to 8.70m in 2027, 10.45m in 2028, 11.95m in 2029, and 15.25m in 2030.

• Substrate CCL ramp is positioned as a coming growth phase, with semiconductor substrate listed as a worldwide #1 supply position.

• Using 2023 as the base year, the target is a 30% carbon reduction by 2030.