Inventec (2356) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 43% YoY to NT$742.3bn; operating profit increased 25% and net profit rose 23%.

• Q3 revenue grew 54% YoY to NT$272.1bn, while net profit fell 23% YoY and 35% QoQ to NT$2.5bn.

Financial highlights

• 9M gross profit rose 18% to NT$32.9bn, but gross margin declined to 4.4% from 5.3%; operating margin was 1.7% versus 2.0%.

• 9M operating expenses increased 15% to NT$20.2bn; profit before tax rose 23% to NT$11.4bn and profit for the period rose 23% to NT$8.9bn.

• 9M total comprehensive income rose 110% YoY to NT$11.8bn; EPS increased to NT$2.47 from NT$1.85.

• Q3 gross profit was NT$11.3bn, down 1% QoQ and up 28% YoY; gross margin was 4.2%, versus 4.2% QoQ and 5.0% YoY.

• Q3 operating profit was NT$4.4bn, down 8% QoQ and up 43% YoY; operating margin was 1.6%, versus 1.8% and 1.7%, respectively.

Key financial ratios and metrics

• 9M EPS was NT$2.47 versus NT$1.85 YoY; Q3 EPS was NT$0.71 versus NT$1.09 QoQ and NT$0.76 YoY.

• At Sep. 30, 2026, current ratio was 111.9% versus 108.3% a year earlier; debt ratio was 79.5% versus 84.7%.

• Annualized 9M inventory turnover was 7.9 versus 9.3; ROA was 4.1% versus 4.3%, and ROE was 15.0% versus 13.6%.