Micro-Star International Company (2377) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was NT$56.26 billion, up 5% year-over-year from NT$53.54 billion in Q1 2025.

• Net income attributable to owners for Q1 2026 was NT$3.42 billion, a 217% increase year-over-year.

• Basic EPS for Q1 2026 was NT$4.04, compared to NT$1.27 in Q1 2025.

• The business operates as a single segment focused on computers and peripherals.

Financial highlights

• Gross margin improved to 15% in Q1 2026 from 10% in Q1 2025.

• Operating profit rose to NT$3.88 billion from NT$1.01 billion year-over-year.

• Cash and cash equivalents at March 31, 2026 were NT$25.88 billion, down from NT$31.09 billion at December 31, 2025.

• Total assets at March 31, 2026 were NT$119.10 billion, up from NT$110.06 billion at March 31, 2025.

• Total liabilities at March 31, 2026 were NT$64.19 billion, up from NT$59.96 billion at March 31, 2025.

Outlook and guidance

• The Board resolved a cash dividend of NT$4.20 per share for 2025 earnings, pending shareholder approval.

• No specific forward-looking financial guidance was provided.