Solum (248070) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was 478.2 billion KRW, with operating income of 21.7 billion KRW and net income of 4.7 billion KRW, reflecting a year-over-year decline in profitability.

• The company operates two main segments: electronic components (power modules, boards) and ICT (ESL, IoT), with global manufacturing and sales presence.

• Major customer Samsung Electronics and affiliates accounted for over 46% of Q1 sales.

• The company is expanding its digital retail solutions, including ESL and digital signage, and has launched a testbed unmanned store for technology validation.

Financial highlights

• Q1 2026 revenue: 478.2 billion KRW (down from 1.7 trillion KRW in FY2025).

• Operating income: 21.7 billion KRW (down from 46.5 billion KRW in Q1 2025).

• Net income: 4.7 billion KRW (down from 14.2 billion KRW in Q1 2025).

• Gross margin: 17.5% in Q1 2026.

• Basic EPS: 63 KRW; diluted EPS: 63 KRW.

• Cash and equivalents at Q1-end: 180.9 billion KRW.

Outlook and guidance

• The company is focusing on expanding high-value applications in AI data centers, EV, and digital retail, aiming for mid- to long-term growth.

• ESL and digital signage business is positioned for continued global growth, with new testbed initiatives to enhance solution competitiveness.