Sino-American Silicon Products (5483) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was NT$19,381,793 thousand, nearly flat year-over-year, with net income of NT$2,609,673 thousand, up 45% from Q1 2025.

• Gross margin improved to 23% from 26% a year ago, while operating margin remained stable.

• Earnings per share rose to NT$1.83 (basic and diluted), compared to NT$1.19 in Q1 2025.

• Comprehensive income increased to NT$3,590,672 thousand, up from NT$3,266,937 thousand.

Financial highlights

• Operating revenue: NT$19,381,793 thousand (Q1 2026), essentially unchanged from Q1 2025.

• Net income: NT$2,609,673 thousand, up from NT$1,797,591 thousand year-over-year.

• Gross profit: NT$4,503,945 thousand, down from NT$5,073,093 thousand.

• Operating expenses: NT$2,201,458 thousand, up slightly from NT$2,144,467 thousand.

• Net cash from operating activities: NT$1,558,555 thousand, similar to NT$1,597,742 thousand in Q1 2025.

• Net cash from investing activities: NT$9,672,139 thousand, a significant improvement from a net outflow of NT$14,897,049 thousand in Q1 2025.

• Net cash used in financing activities: NT$9,919,064 thousand, compared to an inflow of NT$1,663,440 thousand in Q1 2025.

Outlook and guidance

• The company continues to invest in capacity expansion, with construction in progress totaling NT$50,753,530 thousand as of March 31, 2026.

• Management expects continued focus on semiconductor and renewable energy segments, with ongoing capital expenditures and strategic investments.