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, with net income at 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 stable 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.

• Total assets as of March 31, 2026, were NT$32,645,613 thousand, with equity attributable to the parent at NT$17,511,255 thousand.

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.

• Cash and cash equivalents at quarter-end were NT$6,352,840 thousand.

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.

• The company expects to recognize NT$2,976,002 thousand in revenue from unsatisfied performance obligations over the next five years.