Global Unichip (3443) Q1 2026 earnings summary

Executive summary

• 1Q26 revenue reached NT$11,448M, up 63% year-over-year from NT$7,023.6M in 1Q25.

• Net income for 1Q26 was NT$1,646M, a 71% increase year-over-year from NT$961.4M in 1Q25.

• Gross margin was 27.2% in 1Q26, slightly below 1Q25's 28.1%.

• EPS for 1Q26 was NT$12.28, up from NT$7.17 in 1Q25.

Financial highlights

• Turnkey revenue grew 73% year-over-year to NT$9,805M, NRE & IP revenue rose 21% to NT$1,643M.

• Operating income increased 67% year-over-year to NT$1,824M, with operating margin at 15.9%–16%.

• R&D expenses rose 27% year-over-year, SG&A expenses surged 254% year-over-year.

• Total assets as of March 31, 2026 were NT$35,132.3M, with cash and cash equivalents at NT$7,672.0M.

• Net cash from operating activities in 1Q26 was NT$1,745.6M, compared to net outflow of NT$436.1M in 1Q25.

Outlook and guidance

• Forward-looking statements indicate significant risks and uncertainties; actual results may differ materially.

• The company manages capital to ensure sufficient resources for working capital, R&D, dividends, and capital expenditures, considering industry cyclicality.