FOCI Fiber Optic Communications (3363) Q2 2026 earnings summary

Executive summary

• Net revenue for Q2 2026 was NT$429M, up 12% sequentially but down 26% year-over-year.

• Consolidated financial statements for the six months ended June 30, 2026, had a qualified conclusion due to certain subsidiaries' financials not being reviewed by independent auditors.

• The group operates in fiber optic components, test equipment, and system integration, with a single reportable segment.

• Net loss for Q2 2026 was NT$25M, a significant deterioration from a net profit of NT$17M in Q2 2025.

• EPS for Q2 2026 was -NT$0.22, compared to NT$0.16 in Q2 2025.

Financial highlights

• Revenue for six months ended June 30, 2026 was NT$811,157 thousand, down from NT$993,479 thousand year-over-year.

• Net loss for six months ended June 30, 2026 was NT$131,897 thousand, compared to net income of NT$17,980 thousand in the prior year.

• Cash and marketable securities rose to NT$4,336M as of June 30, 2026, from NT$1,432M at year-end 2025.

• Total assets increased to NT$6,431M as of June 30, 2026.

• Free cash flow for Q2 2026 was NT$4,270M, up sharply from NT$1,433M in Q2 2025.

Outlook and guidance

• High-precision automated production lines for CPO FAU are ramping up, with major deliveries scheduled through 2027.

• Revenue from Thailand plant expected to contribute on a quarterly basis starting Q4 2026, in line with client milestones.

• The group continues to manage capital to ensure ongoing operations and maximize stakeholder returns, with no change in overall strategy.