TECO Electric & Machinery (1504) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was NT$14.24 billion, up 4.5% year-over-year, with net profit at NT$1.24 billion, a 3% increase from Q1 2025.

• Earnings per share for Q1 2026 were NT$0.51, compared to NT$0.54 in Q1 2025.

• Total assets reached NT$143.2 billion as of March 31, 2026, with equity at NT$90.7 billion.

Financial highlights

• Gross margin remained stable at 23% for Q1 2026.

• Operating profit was NT$1.18 billion, nearly flat year-over-year.

• Net cash from operating activities was NT$1.21 billion, a significant increase from NT$100 million in Q1 2025.

• Cash and cash equivalents stood at NT$27.6 billion at quarter-end.

• Significant unrealized losses of NT$4.55 billion on financial assets at fair value through other comprehensive income impacted total comprehensive income.

Outlook and guidance

• The company aims to accelerate its strategy as an AI data center solution provider and expand its market share in Southeast Asia through acquisitions.

• Focus remains on capitalizing on global AI data center trends and modular data center production.