Largan Precision (3008) Q1 2026 earnings summary

Executive summary

• First quarter 2026 net revenue reached NT$15,544 million, up 7% year-over-year but down 10% sequentially from the previous quarter.

• Net income for 1Q26 was NT$6,123 million, a 5% decrease year-over-year and a 9% decline from 4Q25; another report notes net profit at NT$6,176 million, down 6% from Q1 2025.

• Earnings per share (EPS) for 1Q26 was NT$46.63 basic and NT$46.11 diluted, compared to NT$48.28 and NT$47.73 in Q1 2025.

• Gross margin decreased to 49% from 55% year-over-year, while operating margin fell to 37% from 42%.

• No significant seasonality or cyclicality is expected to affect operations.

Financial highlights

• Gross profit for 1Q26 was NT$7,680 million, down 4% year-over-year and 7% sequentially.

• Income from operations was NT$5,812 million, a 5% decrease year-over-year and 8% lower than 4Q25.

• Pre-tax income for 1Q26 was NT$7,288 million, down 6% year-over-year and 12% sequentially.

• Net cash from operating activities was NT$9,317 million, a slight decrease from NT$9,830 million in Q1 2025.

• Cash and cash equivalents at quarter-end were NT$119,023 million.

Segment performance

• Lens shipment breakdown for 1Q26: 20MP+ (10-20%), 10MP (60-70%), 8MP (10-20%), others (0-10%).

• Segment information is consistent with consolidated results; no separate segment breakdown provided.