Parade Technologies (4966) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was $130.827M and net income was $18.490M, both below year-earlier levels; Q4 guidance points to a lower sequential quarter.

• Growth priorities include In-cell TTED, automotive, high-speed connectivity, USB4v2 and ASIC programs, with 2027 revenue expected to exceed 2026 subject to demand.

Financial highlights

• Q3 revenue was $130.827M versus $146.144M a year earlier; nine-month revenue was $391.440M versus $405.870M.

• Q3 net income was $18.490M versus $27.243M; nine-month net income was $53.997M versus $70.222M.

• Q3 gross profit was $52.7M, down 2.50% QoQ and 15.14% YoY; operating income was $17.717M versus $27.122M YoY.

• Q3 basic and diluted EPS were each $0.24 versus $0.35; nine-month basic EPS was $0.69 versus $0.89.

Outlook and guidance

• Q4 2026 revenue guidance: $95M–$105M; gross margin: 41%–45%; operating expense: $33M–$36M.

• Management expects 2027 revenue to exceed 2026, with OpEx spending up a couple of percentage points; outlook remains dependent on broader demand and notebook DRAM conditions.

• Multiple ASIC products are scheduled to begin contributing revenue in H2 2027 and early 2028; customer forecasts indicate full-scale revenue exceeding $100M across products.

• ACC cable qualification and customer design work are progressing, with potential 2027 revenue from 800G and higher-speed opportunities.

• Notebook units are expected to be flat in 2026, with value growth from higher-end systems; OEMs expect 2027 demand similar to 2026.