Nan Ya Printed Circuit Board (8046) Q1 2026 earnings summary

Executive summary

• Consolidated revenues reached NT$11,177 million in Q1 2026, up 32% year-over-year, reflecting strong demand for high-end IC substrates and data center products.

• Net profit for Q1 2026 was NT$1,309 million, a significant increase from NT$207 million in Q1 2025.

• Gross margin improved to 16% in Q1 2026 from 5% in Q1 2025, reflecting better cost control and higher sales.

• Market value stood at NT$337.3 billion as of March 31, 2026.

• Total comprehensive income for Q1 2026 was NT$1,876 million, up from NT$458 million in Q1 2025.

Financial highlights

• 2026Q1 revenues grew 32.1% year-over-year, driven by sustained data center demand and increased high-end IC substrate sales.

• Operating profit in 2026Q1 rose by NT$1,391.1 million year-over-year and by NT$389.2 million sequentially, supported by robust server and switch IC substrate demand.

• Operating profit margin improved to 12.1% in 2026Q1.

• Cash and cash equivalents increased to NT$9,658 million as of March 31, 2026.

• Net cash from operating activities was NT$1,981 million in Q1 2026, up from NT$552 million in Q1 2025.

Segment performance

• Revenue contribution from computer networking remained elevated due to ongoing high-end switch upgrades in data centers.

• Domestic segment contributed NT$8,238 million in external revenue, American segment NT$2,940 million, and Asian segment NT$0 (external), with eliminations for intersegment sales.

• Segment profit for Q1 2026: Domestic NT$1,598 million, American NT$99 million, Asian NT$195 million, with eliminations.

• Revenue from consumer electronics and automotive applications remained flat year-over-year, impacted by component shortages and weak automotive demand.

• AI & HPC application revenue contribution was steady, supported by data center demand.