Kec (092220) Q3 2026 earnings summary

Executive summary

• 9M 2026 consolidated revenue was KRW 197.1bn; operating loss narrowed to KRW 7.9bn from KRW 15.6bn, and net loss narrowed to KRW 3.7bn from KRW 13.4bn YoY.

• Q3 revenue reached KRW 65.0bn; operating income was KRW 214m and net income KRW 4.2bn, versus losses in Q3 2025.

Financial highlights

• 9M consolidated gross profit was KRW 22.9bn on revenue of KRW 197.1bn; SG&A was KRW 29.3bn, up from KRW 28.8bn in 9M 2025.

• 9M operating cash flow was KRW 16.4bn versus KRW 6.7bn a year earlier; ending cash and equivalents were KRW 9.4bn.

• 9M consolidated other income included KRW 9.9bn of foreign-exchange translation gains, while other expenses included KRW 7.2bn of translation losses and KRW 11.5bn of FX losses.

Outlook and guidance

• Industry estimates cited project the 2026 global semiconductor market at $975.5bn, up 26.3% YoY; the SSTR market is forecast at $1.93bn, up 5.1%.

• Management is focusing development on automotive semiconductors as electrification and vehicle electronics support demand, while continuing consumer-electronics supply.