Maxscend Microelectronics Company (300782) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥827.57 million, up 9.49% year-over-year, but net loss widened to ¥144.31 million from ¥46.62 million in Q1 2025, reflecting operational and industry headwinds.

• Gross margin declined due to increased depreciation, cost pressures from Fab-Lite transition, and intensified industry competition.

• Cash flow from operations turned negative at -¥183.68 million, compared to a positive ¥77.04 million a year ago.

Financial highlights

• Operating income fell sharply, with net loss attributable to shareholders at -¥144.31 million, a 209.53% increase in loss year-over-year.

• Basic and diluted EPS both at -0.2698, down from -0.0872 in Q1 2025.

• Total assets decreased 2.12% to ¥15.14 billion from year-end 2025.

• Owner's equity declined 1.56% to ¥9.72 billion.

• Significant increase in financial expenses (up 336.72%) due to higher exchange losses and interest expenses.

Outlook and guidance

• AI-driven demand surge for memory chips is tightening upstream supply and impacting downstream smartphone and RF chip markets, with short-term margin pressure expected.

• Strategic focus on MaxRF™ and MaxExplore platforms to drive long-term growth and diversification.