Innolux (348) Q1 2026 earnings summary

Executive summary

• Consolidated revenue for Q1 2026 was NT$66.64 billion, up from NT$55.93 billion in Q1 2025, reflecting strong sales growth.

• Net profit for Q1 2026 reached NT$1.79 billion, a significant increase from NT$1.08 billion in Q1 2025.

• Comprehensive income for Q1 2026 was NT$5.57 billion, driven by both operational gains and favorable currency translation.

• The acquisition of PIONEER in December 2025 contributed to expanded business scope and synergies.

Financial highlights

• Gross margin improved to 14.4% in Q1 2026 from 7.6% in Q1 2025.

• Operating profit rebounded to NT$1.50 billion from a loss of NT$1.24 billion year-over-year.

• Basic and diluted EPS for Q1 2026 were NT$0.20, up from NT$0.12 in Q1 2025.

• Cash and cash equivalents increased to NT$58.55 billion as of March 31, 2026.

• Total assets rose to NT$387.25 billion, with equity at NT$229.09 billion.

Outlook and guidance

• Management expects continued growth from integration of PIONEER and ongoing demand for display solutions.

• Dividend payout for 2025 set at NT$0.50 per share, reflecting confidence in future cash flows.