Sino-American Silicon Products (5483) Q2 2026 earnings summary

Executive summary

• Achieved record-high Q2 revenue of NT$21.1 billion, up 8.96% QoQ, and NT$40.5 billion for 1H26, up 2.26% YoY; net profit for Q2 reached NT$4.45 billion (21.1% margin), up 70.6% QoQ and 157.7% YoY; 1H26 net profit was NT$7.06 billion, up 100.3% YoY.

• EPS for Q2 was NT$3.19 and NT$5.02 for 1H26, both among the highest for the period.

• Gross margin for 1H26 was 23%, down from 26% in 1H25.

• Diversified business portfolio across semiconductors, automotive components, and renewable energy drove growth and resilience.

• The group completed significant acquisitions and restructuring, including the spin-off of solar businesses and new subsidiary formations.

Financial highlights

• Operating income for Q2 was NT$2.25 billion (10.6% margin), and NT$4.55 billion for 1H26 (11.2% margin), both lower YoY; operating income for 1H26 was $4,439,570 thousand, up 6% YoY.

• EBITDA for Q2 was NT$8.45 billion (40.0% margin), and NT$14.15 billion for 1H26 (34.9% margin), both up significantly YoY; depreciation and amortization expenses for 1H26 totaled $5,788,214 thousand.

• Basic EPS for the six months was NT$5.02, compared to NT$2.37 in the prior year.

• Cash and cash equivalents at June 30, 2026 were NT$36.7 billion.

• Net cash from operating activities was $5,366,003 thousand, down from $7,660,713 thousand YoY.

Outlook and guidance

• Strong demand expected from AI data centers, electrification, and renewable energy, with global electricity demand projected to grow 20% over five years.

• Renewables, especially solar PV, will remain the main source of new power generation, supporting long-term demand for green power and energy management.

• Semiconductor market recovery is broadening, with improving utilization and order visibility across advanced and mature nodes.

• Management expects no significant impact from new IFRS standards effective in 2027 and 2028; evaluating IFRS 18 impact.