RichWave Technology (4968) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was NT$972.539m, down 0.5% QoQ and 1.4% YoY; net income was NT$35.207m, down 9% QoQ and 73% YoY.

• 9M revenue rose to NT$2,880.1m from NT$2,809.7m, while operating profit fell to NT$90.9m from NT$158.8m and net profit was NT$127.6m versus NT$126.1m.

• Wi-Fi 7 qualification was complete; Wi-Fi 8 development and IoT and automotive programs advanced.

Financial highlights

• Q3 gross profit was NT$321.110m, down 3% QoQ and 14% YoY; operating profit was NT$28.555m, down 33% QoQ and 65% YoY.

• Q3 profit before tax was NT$37.742m, down 15% QoQ and 76% YoY; EPS was NT$0.38 versus NT$0.42 in Q2 and NT$1.40 in Q3 2025.

• 9M gross profit was NT$963.5m versus NT$990.9m; basic and diluted EPS were NT$1.38 versus NT$1.37.

• 9M operating cash flow was NT$6.3m versus NT$408.6m; investing cash flow was NT$393.8m versus NT$(364.9)m.

• Period-end cash was NT$928.1m versus NT$856.5m YoY; total assets were NT$3,495.6m and equity was NT$2,734.2m at September 30, 2026.

Segment performance

• Q3 Wi-Fi revenue was NT$845m versus NT$837m in Q2; other segment revenue was NT$127m versus NT$140m.

• 9M Wi-Fi product revenue rose to NT$2,507.6m from NT$2,326.7m; wireless audio and video revenue declined to NT$99.5m from NT$192.3m, and other product revenue was NT$273.0m versus NT$290.7m.

• IoT business expanded with leading North American retail brands; smart glass and watch solutions continued shipping to a tier-1 US retailer, and AR/VR/AI glass shipments continued to a major global customer.

• Automotive solutions continued shipping to major brands across Europe, the US, Japan and Korea; design-in opportunities expanded. 8GHz/10GHz radar solutions entered mass production, while 5.8GHz shipments continued and 60GHz sensor design progressed.