HTC (2498) Q3 2026 earnings summary

Executive summary

• Q3 2026 returned to net income, while 9M 2026 remained loss-making despite a narrower operating loss.

• VIVE Eagle expanded internationally, alongside new immersive VR and virtual entertainment experiences.

Financial highlights

• Q3 revenue was NT$763,627 thousand versus NT$716,371 thousand YoY; gross margin was 40.1% versus 35.2%, and operating loss was NT$506,602 thousand versus NT$853,954 thousand.

• Q3 net income was NT$218,218 thousand versus NT$3,243,274 thousand YoY; basic EPS was NT$0.26 versus NT$3.88.

• 9M revenue was NT$2,030,455 thousand versus NT$2,119,695 thousand; gross profit rose to NT$839,901 thousand from NT$771,984 thousand, and gross margin was 41% versus 36%.

• 9M operating loss narrowed to NT$1,642,025 thousand from NT$2,833,929 thousand; net loss was NT$302,919 thousand versus net income of NT$6,582,225 thousand.

• 9M basic EPS was a loss of NT$0.36 versus earnings of NT$7.88.

Outlook and guidance

• A secured CTBC Bank credit facility provides a total credit line of NT$9.99 billion for operating growth capital needs; financial covenants were met at September 30, 2026.

• IFRS 18 is scheduled to apply domestically from January 1, 2028; early adoption was not elected and impacts remained under assessment.

• Forward-looking results may vary with demand, pricing, competition, global economic conditions, supply-chain issues, exchange rates and other factors beyond management’s control.