United Integrated Services (2404) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2023 (115年1-6月) reached NT$46.37 billion, up from NT$26.30 billion year-over-year, with Q2 revenue at NT$26.08 billion, a significant increase from NT$14.79 billion in Q2 2022.

• Net income for the first half was NT$6.85 billion, up from NT$3.47 billion year-over-year; Q2 net income was NT$3.77 billion, compared to NT$1.40 billion in Q2 2022.

• Gross margin for the first half was 24%, consistent with the prior year, while operating margin improved to 19% from 13%.

Financial highlights

• Operating income for the first half was NT$9.18 billion, up from NT$3.77 billion year-over-year.

• Basic EPS for the first half was NT$36.23, up from NT$17.96 year-over-year; Q2 EPS was NT$19.92, up from NT$7.41.

• Cash and cash equivalents at June 30, 2023, were NT$41.20 billion, up from NT$25.14 billion a year earlier.

• Total assets reached NT$100.48 billion, with equity attributable to owners at NT$17.91 billion.

Outlook and guidance

• The company expects continued growth, supported by a robust backlog and ongoing demand in core markets.

• No significant seasonality or cyclical factors are expected to impact operations.