Powerchip Semiconductor Manufacturing (6770) Q3 2026 earnings summary

Executive summary

• Q3 2026 operating revenue reached NT$21,342M, up 23% QoQ and 80% YoY; net income was NT$6,500M, versus a Q2 loss of NT$2,728M in Q3 2025 comparison data.

• Q3 recovery reflected higher ASPs, improved utilization and the Tonglo fab shutdown; outlook points to double-digit Q4 revenue growth and stronger 2027 prospects.

Financial highlights

• Q3 revenue was NT$21,342M, up 23% QoQ; gross profit rose to NT$10,148M from NT$4,889M, and operating income increased to NT$7,830M from NT$3,684M.

• Q3 net income was NT$6,500M, up 98% QoQ; EPS was NT$1.38 versus NT$0.76.

• 9M revenue was NT$52,205M, up 52% YoY; net income was NT$24,022M versus a NT$7,159M loss, and EPS was NT$5.42 versus a NT$1.71 loss.

• Q3 cash and cash equivalents were NT$40,935M, total assets NT$205,191M, liabilities NT$70,744M and equity NT$134,447M.

Outlook and guidance

• Q4 revenue is expected to grow by double digits; revenue and profits are described as promising in 2027.

• Memory finished-product ASP remains at least 30% below wafer-start ASP.

• 3D Al Foundry revenue momentum is expected to recover from Q4 and rise quarter by quarter from 2027; PWF is expected to contribute from 2028.

• Logic foundry prices are expected to rise 10–20% in 2027 amid capacity constraints, with pricing and volume linked to LTAs.