Pegatron (4938) Q3 2025 earnings summary

Executive summary

• Net revenue for 1Q–3Q 2025 was NT$797.6Bn, nearly flat year-over-year, with a slight decline of 0.1% compared to 1Q–3Q 2024.

• Net income for 1Q–3Q 2025 decreased by 21.7% year-over-year to NT$11.7Bn; net income attributable to owners was NT$9.1Bn, down from NT$13.1Bn.

• EPS for 1Q–3Q 2025 was NT$3.42, a 30.6% decrease year-over-year.

• The group lost control over two subsidiaries, reclassifying them as associates, impacting equity and profit.

• Comprehensive income for the period was NT$21.1Bn, compared to NT$14.9Bn in the prior year.

Financial highlights

• Gross profit for 1Q–3Q 2025 was NT$29.4Bn, down 14.0% year-over-year; gross margin declined to 3.7% from 4.3%.

• Operating income for 1Q–3Q 2025 was NT$7.2Bn, a 25.3% decrease year-over-year.

• Cash and equivalents at 2025/9/30 were NT$117.5Bn.

• Net cash from operating activities for 1Q–3Q 2025 was NT$23.6Bn, down from NT$46.4Bn year-over-year.

• Third quarter 2025 net revenue was NT$257.9Bn, down 12.4% year-over-year and 3.5% sequentially.

Outlook and guidance

• Management highlighted weaker end demand in Consumer and Communication segments, impacting revenue.

• Revenue from Computing and Consumer segments grew sequentially in 3Q2025 due to peak seasonality.

• The group is evaluating the impact of IFRS 18, which will affect income statement presentation from 2028.

• No significant impact is expected from other new accounting standards adopted or pending.