ENNOSTAR (3714) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 was NT$5,245 million, down 6.9% year-over-year but up 0.7% sequentially.

• Net loss attributable to parent company narrowed to NT$149 million from NT$442 million in Q1 2025 and NT$782 million in 4Q25.

• Gross margin improved to 11.1% from -2.6% in 4Q25, but slightly below 12.2% in 1Q25.

• The merger of Ennostar and Lextar was completed on January 1, 2026, with Ennostar as the surviving entity.

Financial highlights

• Operating expenses decreased 25% year-over-year and 24.3% sequentially to NT$892 million.

• Operating margin improved to -5.8% from -25.2% in 4Q25 and -8.5% in 1Q25.

• EBITDA margin rose to 10.4% from -7.2% in 4Q25 and 9.1% in 1Q25.

• Basic and diluted EPS was -NT$0.20, a significant improvement from -NT$1.07 in 4Q25 and -NT$0.60 in 1Q25.

• Cash and cash equivalents stood at NT$12,183 million as of March 31, 2026, down from NT$13,580 million a year earlier.

Segment performance

• Revenue by application showed stable contributions from TV BLU, NB/MNT/Mobile, and Display segments, with General Application and Automotive maintaining steady shares.

• Q1 2026 segment loss was NT$138 million; Q1 2025 consolidated segment loss was NT$437 million.