Tripod Technology (3044) Q2 2026 earnings summary

Executive summary

• Net sales grew from 58,862 million NTD in 2023 to 73,399 million NTD in 2025, with continued growth into 1H26; Q2 115 revenue was NT$24.86 billion, up 39% year-over-year, and net income was NT$3.90 billion, up 59% year-over-year.

• Net income increased from 6,062 million NTD in 2023 to 10,225 million NTD in 2025, reaching 6,843 million NTD in 1H26; first half of 115 net income was NT$6.84 billion, up 43% year-over-year.

• Basic EPS rose from $11.53 in 2023 to $19.45 in 2025, and $13.02 in 1H26; Q2 115 EPS was NT$7.41, up from NT$4.65 in Q2 114.

Financial highlights

• Gross margin improved from 19.3% in 2023 to 25.9% in 2025, and 30% in Q2 115, up from 26% in Q2 114.

• Operating income margin increased from 11.3% in 2023 to 17.6% in 2025, and 23% in Q2 115.

• Quarterly net income reached 3,896 million NTD in 2026 Q2, with a margin of 15.7%.

• Cash and cash equivalents stood at 13,963 million NTD at 1H26, down from 26,660 million NTD at year-end 114.

• Total assets at June 30, 115 were NT$108.84 billion, with equity at NT$55.72 billion.

Outlook and guidance

• The global PCB market is forecast to grow to $95.8 billion in 2026, with China increasing its share to 57.7%.

• Management expects continued growth in the PCB segment, supported by strong demand and ongoing capacity expansion.

• The company is projected to maintain its top 10 global PCB maker ranking, with 2025 revenue estimated at $2,361 million.