Nanya Technology (2408) Q3 2026 earnings summary

Executive summary

• Q3'26 revenue rose 61.9% QoQ and 611.7% YoY to NT$133.649B; net income reached NT$87.627B.

• ASP increased >60% QoQ, more than offsetting mid-single-digit lower bit shipments.

• Shipments are expected to remain flat until new-fab wafer output begins in Q4'27.

Financial highlights

• Gross profit was NT$114.482B, operating income NT$106.894B and EBITDA NT$110.002B.

• Net income was NT$87.627B versus NT$50.192B in Q2'26 and NT$1.563B in Q3'25; Q3 EPS was NT$25.40.

• Q1'26–Q3'26 net profit totaled NT$163.9B, with EPS of NT$49.28.

• R&D expense was NT$5.145B and SG&A NT$2.443B; both rose QoQ, mainly due to employee compensation.

Outlook and guidance

• 2026 bit shipments are projected to grow by high-teens YoY; shipments are expected to stay flat until new-fab output in Q4'27.

• Tight DRAM supply is expected to persist, with ASPs likely to improve gradually.

• AI infrastructure revenue is targeted to rise from >20% currently to 40%–50% by 2029 or 2030.

• LTAs cover 50%–70% of output; three-year contracts account for >20%, with plans to expand long-term commitments.