Merry Electronics (2439) Q3 2026 earnings summary

Executive summary

• Q3 2026 operating income fell 59.68% YoY and profit attributable to owners fell 80.1% YoY; Q4 revenue is expected to grow modestly QoQ.

Financial highlights

• Q3 operating income was down 59.68% YoY; non-operating income declined 82.89% YoY.

• Profit attributable to owners declined 80.1% YoY; reported Q3 EPS was NT$0.50.

Outlook and guidance

• Q4 revenue is expected to grow modestly QoQ, sustaining Q3 momentum.

• Gaming, speakers, batteries and hearing-aid accessories are expected to grow QoQ and YoY; headphones, microphones and TWS are expected to decline QoQ and YoY.

• Phone speaker shipments are expected to rise significantly QoQ, but decline slightly YoY as some customer models shift to 2027; Bluetooth speaker shipments are expected to rise significantly YoY.