Faraday Technology (3035) Q2 2026 earnings summary

Executive summary

• Revenue for 2Q26 reached NT$3,314 million, up 28.0% sequentially but down 26.6% year-over-year.

• Net income surged to NT$285 million, a 111.2% increase quarter-over-quarter and 712.1% year-over-year.

• Operating income rose sharply to NT$271 million, up 182.2% sequentially and 324.0% year-over-year.

Financial highlights

• Gross profit was NT$1,499 million, up 22.4% sequentially and 37.3% year-over-year.

• Gross margin improved to 45.2% from 24.2% a year ago.

• EPS increased to NT$0.76 from NT$0.40 in 1Q26 and NT$0.1 in 2Q25.

• Cash and cash equivalents rose to NT$9,488 million as of June 30, 2026.

Outlook and guidance

• Sequential revenue growth driven by strong MP (mass production) recovery.

• Year-over-year revenue decline attributed to lower MP sales compared to 2Q25.