TES Co (095610) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was ₩345,057m, operating income ₩72,843m and net income ₩70,560m, all above the prior-year period.

• Q3 revenue rose to ₩124,143m from ₩67,568m YoY; operating income was ₩24,615m versus ₩8,416m, while net income was ₩11,955m versus ₩12,101m.

• Semiconductor equipment remained the core business, representing 99% of sales by business type; domestic sales accounted for 88% of total sales.

Financial highlights

• 9M revenue was ₩345,057m versus ₩234,129m; gross profit was ₩101,081m versus ₩65,559m.

• 9M operating income was ₩72,843m versus ₩45,055m; net income attributable to owners was ₩70,560m versus ₩46,859m.

• 9M finance income was ₩22,448m versus ₩12,487m, including ₩13,400m of dividend income; finance costs were ₩14,581m versus ₩5,700m.

• At Sep. 30, total assets were ₩573,981m, equity ₩482,040m and liabilities ₩91,941m; cash and cash equivalents were ₩33,245m.

Outlook and guidance

• Order backlog was ₩165,289m at Q3-end; reported orders totaled ₩510,345m and deliveries recognized were ₩345,057m.

• Disclosed SK hynix equipment contracts include deliveries and setup scheduled across Q4 2026 and Q1 2027, with corresponding customer collections expected in those periods.

• Long-term industry demand is expected to benefit from AI, big data, higher-capacity storage, autonomous driving, EVs and IoT, while near-term equipment demand remains tied to customers’ investment cycles.