UNIVERSAL MICROWAVE TECH (3491) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was NT$902.0m, operating income NT$241.4m and net income NT$307.8m; H1 revenue reached NT$1,922.2m and net income NT$561.0m.

• H1 results included NT$108.6m gain on disposal of investments; operating cash flow was NT$132.3m, while cash and equivalents ended June at NT$1,979.3m.

Financial highlights

• Q2 revenue NT$902.0m vs NT$513.7m YoY; gross profit NT$501.5m vs NT$222.7m and operating income NT$241.4m vs NT$129.1m.

• Q2 net income NT$307.8m vs NT$71.6m; net income attributable to owners NT$307.8m vs NT$71.1m.

• H1 revenue NT$1,922.2m vs NT$1,133.8m; gross profit NT$1,093.0m vs NT$536.2m and operating income NT$555.1m vs NT$260.3m.

• H1 net income NT$561.0m vs NT$214.7m; other gains and losses were NT$89.1m, including NT$108.6m from investment disposals and NT$16.9m net FX loss.

Outlook and guidance

• U.S. reciprocal tariff measures are considered in estimates for cash flows, growth, discount rates and profitability; estimates remain subject to ongoing review.

• Board approved a proposed US$4.0m SAFE investment in Eclipse Space Technologies on August 12, 2026.

• Vietnam subsidiary received an additional US$3.5m capital contribution in August 2026; board also authorized share issuance in installments up to US$12.0m.

• Board approved a potential investment of up to NT$170.0m in DynaHz Technologies and establishment of UMT USA Inc. with a limit of US$10.0m.