UNIVERSAL MICROWAVE TECH (3491) Investor presentation summary

Company overview

• Founded in September 1999 and listed in January 2008, with a capital of NT$688 million.

• Operates in the wireless communications sector, focusing on microwave and millimeter wave components and antennas.

• Products are applied in low earth orbit (LEO) satellites, mobile backhaul, WiFi, UAVs, and smart applications.

Financial performance

• Q1 2026 revenue reached NT$1.02 billion, up 22.3% QoQ and 64.5% YoY, setting a new record.

• Q1 2026 gross margin was 58.0%, with operating profit margin at 30.7%, both at historical highs.

• Q1 2026 EPS was NT$3.68, also a record high.

• LEO product revenue in Q1 2026 was NT$815 million, accounting for 80% of total revenue.

• LEO segment revenue grew 40% QoQ and 130.5% YoY in Q1 2026.

Business drivers and outlook

• Strong demand from LEO satellite customers, with order visibility exceeding two quarters and ongoing growth.

• Major LEO clients accelerating satellite launches in 2026/2027, with increased component usage per satellite.

• Revenue from mid- and small-sized LEO customers expected to grow over 100% in 2026.

• New applications in environmental monitoring, space solar power, and data centers are emerging.

• Production capacity expanded in Taiwan and Vietnam to meet high growth demand for the next 3–5 years.