Largan Precision (3008) Q3 2025 earnings summary

Executive summary

• Net revenue for 3Q25 was NT$17.68 billion, up 51% sequentially from 2Q25 but down 6.7% year-over-year; nine-month revenue reached NT$43.93 billion, up 7% year-over-year.

• Net income for 3Q25 was NT$7.08 billion, up 6.8% year-over-year and significantly higher than 2Q25; nine-month net income was NT$14.56 billion, down 16% year-over-year.

• EPS for 3Q25 was NT$53.05, up from NT$49.67 last year; 1-3Q25 EPS was NT$109.06, down from NT$129.16 in the prior year period.

Financial highlights

• Gross margin for 3Q25 was 47%, down from 50% year-over-year; nine-month gross margin was 51.4%, up from 49.4% in 1-3Q24.

• Operating margin for 3Q25 was 35%, up from 32% year-over-year; nine-month operating margin was 39.2%, up from 37.9% in 1-3Q24.

• Cash and cash equivalents at quarter-end were NT$106.62 billion.

• Total assets as of 3Q25: NT$212.16 billion; total equity: NT$183.69 billion; total liabilities: NT$28.46 billion.

• Pre-tax income for 1-3Q25: NT$17.66 billion, down 16% year-over-year.

Segment performance

• 3Q25 lens shipment breakdown: 10MP lenses accounted for 60-70%, 8MP for 20-30%, 20MP+ for 10-20%, and others for 0-10%.

• Revenue is primarily from optical lens and imaging products; segment reporting aligns with consolidated financials.