PixArt Imaging (3227) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were NT$2,209 million, down 3.4% sequentially and 5.9% year-over-year.

• Net income was NT$387 million, a decrease of 14.9% from Q4 2025 and 27.9% from Q1 2025.

• Gross margin stood at 59.5%, up from 58.5% in Q4 2025 but down from 62.1% in Q1 2025.

Financial highlights

• Operating income for Q1 2026 was NT$382 million, down 2.6% sequentially and 27.6% year-over-year.

• Operating margin was 17.3%, slightly higher than Q4 2025 but lower than Q1 2025.

• Basic EPS was NT$2.65, compared to NT$3.12 in Q4 2025 and NT$3.74 in Q1 2025.

• Cash and cash equivalents increased to NT$6,521 million from NT$6,111 million in Q4 2025.

Segment performance

• Mouse products accounted for 64% of Q1 2026 product mix, up from 63% in Q4 2025.

• Game segment contributed 8%, up from 7% in Q4 2025.

• Other products made up 28%, down from 30% in Q4 2025.