Lite-On Technology (2301) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue reached NT$52.7 billion, up 30% year-over-year and 21% quarter-over-quarter, with net profit after tax at NT$7.1 billion and EPS of NT$3.14, both record highs.

• H1 2026 revenue was NT$96.1 billion, up 25% YoY, with net profit after tax at NT$10.89 billion and EPS of NT$4.80, up 66% YoY.

• Cloud and AIoT segment revenue grew over 70% YoY in Q2 and 60% YoY in H1, now accounting for over 54% of total revenue.

• Strategic transformation to high-value solutions and AI infrastructure is driving growth and profitability.

• Board approved a Q2 cash dividend of NT$2.5 per share.

Financial highlights

• Q2 gross profit was NT$14.3 billion (27.2% margin), up 60% YoY; operating profit was NT$8.2 billion (15.6% margin), up 120% YoY.

• H1 gross profit was NT$23.8 billion (24.7% margin), up 38% YoY; operating profit was NT$12.3 billion (12.8% margin), up 66% YoY.

• Q2 net cash position was NT$40.8 billion, down NT$13.8 billion QoQ due to dividend payout and CapEx.

• Cash and cash equivalents at period end were NT$75.19 billion.

• Board approved a cash dividend of NT$2.5 per share for Q2 2026.

Outlook and guidance

• Gross profit margin is expected to hold steady at 25% for the coming quarters, despite material cost uncertainties.

• 2026 CAPEX plan raised to NT$18 billion, mainly for R&D, production line expansion, and US manufacturing.

• US$919 million investment in Texas for advanced manufacturing and AI infrastructure.

• Optimism for Q3 and Q4 revenue and segment performance, with AI revenue contribution to exceed 30% in 2026.

• Next-gen AI power and energy management systems entering volume production; LEO satellite power solutions more than doubling YoY.