Parade Technologies (4966) Q4 2025 earnings summary

Executive summary

• Fiscal year 2025 revenue was $531.09M (NT$16,531 million), up 5% (1.8%) year-over-year, with net income of $87.75M (NT$2,727 million), and EPS of $1.11 (NT$34.51 basic), reflecting growth over 2024.

• Q4 2025 consolidated revenue was $125.22M, net income $17.53M, and EPS $0.22, both basic and diluted, reflecting sequential and year-over-year decline.

• Major acquisition of Spectra7 Microsystems Inc. in April 2025 expanded presence in high-growth markets like data centers and AI.

• Launched TC1316V, the world's first fully integrated AEC-Q100 qualified eDP touch TCON driver for automotive displays.

• Goodwill impairment and inventory valuation were key audit matters due to significant management judgment and industry uncertainty.

Financial highlights

• Q4 revenue decreased 14.32% sequentially and 1.72% year-over-year; Q4 gross profit was $52.63M, down 15.27% sequentially and 2.11% year-over-year.

• FY2025 gross profit was $226.01M; operating income $87.20M; net income $87.75M, up from $80.68M in FY2024.

• Cash and cash equivalents at year-end 2025 were NT$10,900 million, up from NT$10,532 million in 2024.

• Basic EPS for 2025 was NT$34.51, up from NT$32.55 in 2024; diluted EPS was NT$34.31.

• Dividends per share for 2025 totaled NT$17.46 (NT$8.71 and NT$8.75 for each half-year period).

Outlook and guidance

• Q1 2026 revenue guidance: $119.75M–$132.25M; gross margin: 40%–44%; operating expense: $33M–$36M.

• Management expects continued growth in high-speed interface and AI-related markets following the Spectra7 acquisition.

• Expect continued growth in high-speed PS and TTED devices, with strong adoption in automotive and notebook markets.

• Gross margin outlook reflects industry-wide OSAT, assembly, and testing cost increases, with potential for gradual improvement.

• Adoption of new IFRS standards in 2026 and beyond is not expected to materially impact financials.