RAFAEL MICROELECTRONICS (6568) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was NT$345,254 thousand, up 28% year-over-year from NT$269,723 thousand in Q1 2025.

• Net profit for Q1 2026 reached NT$41,001 thousand, a 5.5% increase from NT$38,863 thousand in Q1 2025.

• Gross margin for Q1 2026 was 36%, slightly down from 44% in Q1 2025, reflecting higher cost of goods sold.

• Earnings per share for Q1 2026 were NT$1.34 basic and NT$1.33 diluted, compared to NT$1.28 and NT$1.26 in Q1 2025.

Financial highlights

• Operating income rose to NT$44,926 thousand in Q1 2026 from NT$41,648 thousand in Q1 2025.

• Cash and cash equivalents increased to NT$486,936 thousand as of March 31, 2026, from NT$425,294 thousand a year earlier.

• Total assets grew to NT$1,848,220 thousand as of March 31, 2026, up from NT$1,682,733 thousand as of March 31, 2025.

• Total equity was NT$1,529,512 thousand at March 31, 2026, compared to NT$1,448,415 thousand at March 31, 2025.

• Inventory decreased to NT$231,215 thousand at March 31, 2026, from NT$361,870 thousand at March 31, 2025.

Outlook and guidance

• The board approved a cash dividend of NT$2 per share for 2026, up from NT$1 per share in 2025.

• The company continues to pursue a residual dividend policy, balancing growth and shareholder returns.