Phison Electronics (8299) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached a record NT$86.076B and basic EPS NT$138.00; 9M revenue and basic EPS were also records at NT$194.932B and NT$325.49.

• AI ecosystem solutions supplied 57% of Q3 revenue and grew 88% QoQ, underpinning expansion from storage into AI infrastructure, systems and software.

• Auditors issued a qualified review conclusion because material equity-method investee balances and earnings were based on statements not independently reviewed.

Financial highlights

• Q3 revenue was NT$86.076B, gross profit NT$51.518B and net profit NT$30.548B; basic EPS was NT$138.00.

• 9M revenue was NT$194.932B, gross profit NT$121.208B, net profit NT$71.942B and basic EPS NT$325.49.

• Q3 operating profit was NT$32.898B, up 24.8% QoQ and 2,210.3% YoY.

• October revenue was NT$31.530B, up 2.9% MoM and 346.3% YoY; Jan–Oct revenue was NT$226.462B, up 297.8% YoY.

• 9M income tax expense was NT$13.006B; inventory obsolescence loss was NT$1.655B, versus a NT$973M reversal gain in 2025.

Outlook and guidance

• NAND prices are expected flat or slightly higher in Q4–Q1; management forecasts a strong AI-demand rebound after Lunar New Year, especially in China.

• Regular consumer PC demand is expected to remain weak for 18 months; commercial AI PC adoption is expected in H2 2027.

• Near-term gross-margin goal is above 50%; management prioritizes gross profit dollars over maintaining the margin percentage.

• More than 70% of 2027 NAND sourcing targets had been achieved, with suppliers engaged to secure the balance.

• AI Data Platform, edge-AI, customized storage and system solutions are positioned as growth drivers; aiDAPTIV POCs are expected to mature into commercial demand.