Micro-Star International Company (2377) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2026 was NT$106.17 billion, down 7.6% year-over-year from NT$114.86 billion.

• Net income for the six months ended June 30, 2026 was NT$6.42 billion, up 165% from NT$2.42 billion in the prior year period.

• Gross margin improved to 15% from 11% year-over-year, reflecting better cost control.

• Operating profit for the six months ended June 30, 2026 was NT$9.25 billion, up from NT$2.59 billion a year earlier.

Financial highlights

• Basic EPS for the six months ended June 30, 2026 was NT$7.59, compared to NT$2.86 in the prior year period.

• Cash and cash equivalents at June 30, 2026 were NT$16.43 billion, down from NT$31.09 billion at December 31, 2025.

• Total assets at June 30, 2026 were NT$128.61 billion, up from NT$120.73 billion at June 30, 2025.

• Total liabilities at June 30, 2026 were NT$70.55 billion, compared to NT$70.99 billion at June 30, 2025.

• Operating cash flow for the six months ended June 30, 2026 was NT$2.09 billion, down from NT$2.29 billion in the prior year period.

Outlook and guidance

• The company expects continued volatility in the business environment and is focused on maintaining stable growth and shareholder returns.

• Dividend policy maintains cash dividends at a minimum of 30% of total dividends distributed.