SINBON Electronics (3023) Q1 2026 earnings summary

Executive summary

• 1Q 2026 net sales reached NTD 8.29 billion, up 9% sequentially and 2% year-over-year.

• Net income for 1Q 2026 was NTD 865 million, a 22% increase quarter-over-quarter but a 6% decrease year-over-year.

• Gross margin improved to 24.5% in 1Q 2026, up 0.9ppt sequentially and flat year-over-year.

• Operating income rose 38% quarter-over-quarter but declined 10% year-over-year.

• Basic EPS for 1Q 2026 was NTD 3.60.

Financial highlights

• 2025 annual net sales were NTD 31.02 billion, down 6% from 2024.

• 2025 net income was NTD 3.12 billion, down 11% year-over-year.

• 2025 gross margin was 23.99%, down 0.92ppt from 2024.

• 2025 operating margin was 10.5%, down 0.25ppt year-over-year.

• 2025 basic EPS was NTD 13.02.

Outlook and guidance

• Management highlights ongoing innovation and global expansion, with a focus on sustainable industries and green transformation.

• R&D funding increased by 22% compared to 2023, supporting future growth.

• 48% of revenue in 2025 came from sustainable industries.