Sitronix Technology (8016) Q1 2026 earnings summary

Executive summary

• Achieved consolidated revenue of NT$5,328,772 thousand in Q1 2026, up 23% year-over-year from NT$4,332,354 thousand in Q1 2025.

• EPS for Q1 2026 reached NT$4.60, an increase of NT$1.15 year-over-year and NT$0.24 quarter-over-quarter.

• Net income attributable to owners was NT$541,690 thousand, a 31% increase from NT$413,772 thousand year-over-year.

• Maintains a leading position in small-size display driver ICs, with strong growth in AloT and automotive segments.

• Total comprehensive income for the period was NT$804,092 thousand, up from NT$420,338 thousand.

Financial highlights

• Full-year 2025 revenue was NT$19,001 million, a 6.59% increase year-over-year.

• Gross margin in Q1 2026 was 32%, up 2 percentage points sequentially but down 1 point year-over-year.

• Operating margin held steady at 12% in Q1 2026.

• Net income margin for Q1 2026 was 10%.

• Net cash generated from operating activities was NT$896,358 thousand, up from NT$323,650 thousand year-over-year.

Outlook and guidance

• Aerospace-grade IMU sensor validation is on track for 2H 2026, indicating continued innovation.

• Launching more competitive AloT products to gain market share.

• The company continues to assess the impact of new IFRS standards, including IFRS 18, on future financial reporting.

• Management is monitoring inflation, interest rate fluctuations, and global trade policies for potential impacts.