Hiwin Technologies (2049) Q1 2026 earnings summary

Executive summary

• Q1 2026 sales reached NT$6,379 million, up 9% year-over-year but down 2% sequentially.

• Net profit attributable to shareholders was NT$135 million, a 20% year-over-year increase but a 77% sequential decline.

• Basic EPS for Q1 2026 was NT$0.38, down from NT$1.31 in Q4 2025.

Financial highlights

• Gross profit for Q1 2026 was NT$1,715 million, with a gross margin of 27.0%, down from 31.9% a year ago.

• Operating profit was NT$315 million, representing a margin of 4.8%, down from 9.9% in Q1 2025.

• Profit before income tax was NT$69 million, a sharp drop from NT$523 million in Q4 2025.

Segment performance

• Asia contributed 63% of sales in Q1 2026, up from 57% in Q1 2025.

• Europe accounted for 28% of sales, up 5 percentage points year-over-year.

• Ballscrew and linear guideway products made up 80% of sales, with robots and others comprising the remainder.