Korea Computer (054040) Q1 2026 earnings summary

Executive summary

• The company operates primarily in the EMS (Electronics Manufacturing Service) sector, producing QD-OLED PBA, OLED PBA, and industrial inverters, with major customers including Samsung Display and other global electronics firms.

• Q1 2026 revenue was KRW 83.1 billion, with operating income of KRW 5.1 billion and net income of KRW 5.8 billion, reflecting a significant sequential decline from the previous quarter.

• The company maintains a strong cash position and continues to invest in R&D and production capacity, focusing on high-value display modules and industrial electronics.

Financial highlights

• Q1 2026 revenue: KRW 83.1 billion, down sharply from KRW 417.8 billion in Q4 2025.

• Operating income: KRW 5.1 billion; net income: KRW 5.8 billion; EPS: KRW 441.

• Gross margin for Q1 2026 was 9.8%, with cost of sales at KRW 74.9 billion.

• Cash and cash equivalents at quarter-end: KRW 43.9 billion.

• Total assets: KRW 302.0 billion; total equity: KRW 169.6 billion; total liabilities: KRW 132.3 billion.

Outlook and guidance

• The company is positioned to benefit from ongoing growth in the EMS sector, especially in display and mobile device markets.

• Focus remains on expanding high-margin product lines and maintaining strong relationships with major global customers.