RichWave Technology (4968) Q2 2026 earnings summary

Executive summary

• Maintained a diversified technology portfolio in Wi-Fi (Wi-Fi 1–7), mobility, IoT, and automotive applications, focusing on long-term value creation and global partnerships.

• Net operating revenue for the six months ended June 30, 2026 was NT$1,907.5 million, up 4.6% year-over-year from NT$1,823.8 million.

• Net profit for the six months ended June 30, 2026 was NT$92.4 million, compared to a net loss of NT$3.3 million in the prior year period.

• Continued expansion in Wi-Fi 7 AVL across major SoC platforms and initiated Wi-Fi 8 development.

• Strengthened presence in automotive, shipping solutions to major global brands and expanding design-in opportunities.

Financial highlights

• Q2 2026 net revenue was NT$977.3 million, up 5% sequentially and 0.3% year-over-year.

• Gross profit margin was 34%, down from 39% in Q4 2025 and 35% in Q2 2025.

• Operating profit for Q2 2026 was NT$42.4 million, a 113% increase sequentially but a 48% decrease year-over-year.

• Net income after tax for Q2 2026 was NT$38.9 million, down 27% sequentially but up 34% year-over-year.

• Earnings per share for the six months ended June 30, 2026 was NT$1.00, compared to a loss per share of NT$0.04 in the prior year.

Outlook and guidance

• Ongoing development of Wi-Fi 8 and expansion of next-generation Wi-Fi deployments with global SoC partners.

• Targeting growth in automotive and IoT segments, with new design wins and strategic partnerships.

• The Group is assessing the impact of new IFRS standards effective from 2027 and 2029, with no early adoption planned.