Mega Union Technology (6944) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 115 was NT$4,706.9 million, up 55% year-over-year from NT$3,039.8 million in Q1 114.

• Net income for Q1 115 reached NT$773.1 million, an 84% increase from NT$419.1 million in Q1 114.

• Gross margin improved to 27% from 22% year-over-year.

• The audit review found no material misstatements and confirmed compliance with IFRS and local regulations.

Financial highlights

• Operating income for Q1 115 was NT$1,059.6 million, up from NT$528.2 million in Q1 114.

• Basic EPS for Q1 115 was NT$10.08, compared to NT$6.07 in Q1 114.

• Cash and cash equivalents at March 31, 115 were NT$7,117.4 million, more than double the NT$3,223.6 million at March 31, 114.

• Total assets grew to NT$17,618.8 million from NT$10,312.5 million year-over-year.

• Operating cash flow for Q1 115 was NT$1,405.8 million, up from NT$564.2 million in Q1 114.

Outlook and guidance

• Backlog of unfulfilled contract value at March 31, 115 was NT$26,471.6 million, expected to be recognized as revenue over the next one to two years.

• Management expects continued revenue recognition from short-term contracts under one year, not disclosed in backlog.