ITE Tech (3014) Q1 2026 earnings summary

Executive summary

• Net sales revenue for Q1 2026 reached NT$1,734,052 thousand, up from NT$1,722,311 thousand year-over-year.

• Net income for Q1 2026 was NT$458,703 thousand, a slight increase from NT$455,466 thousand in Q1 2025.

• Gross margin remained stable at 57.21% in Q1 2026 versus 57.18% in Q1 2025.

• Total comprehensive income increased to NT$505,231 thousand from NT$436,947 thousand year-over-year, driven by improved other comprehensive income.

Financial highlights

• Operating income for Q1 2026 was NT$498,325 thousand, up from NT$492,305 thousand in Q1 2025.

• Basic earnings per share for Q1 2026 was NT$2.85, up from NT$2.83 in Q1 2025; diluted EPS was NT$2.78, unchanged year-over-year.

• Cash and cash equivalents at March 31, 2026 were NT$2,464,625 thousand, down from NT$3,764,979 thousand a year earlier.

• Total assets at March 31, 2026 were NT$9,867,430 thousand, up from NT$9,180,616 thousand at March 31, 2025.

• Dividend per share for 2025 was NT$7.5, down from NT$8.5 for 2024.

Outlook and guidance

• Sequential quarterly data for 2025 shows fluctuating revenue and margins, with Q1 2026 starting slightly above Q1 2025 levels.

• The company adopted new IFRS standards effective January 1, 2026, with no material impact.

• IFRS 18 will be adopted in 2028, expected to enhance comparability and transparency in reporting.