Vanguard International Semiconductor (5347) Q2 2026 earnings summary

Executive summary

• Net revenue for Q2 2026 reached NT$14,245 million, up 13.7% sequentially and 21.8% year-over-year.

• Net income attributable to shareholders was NT$2,975 million, a 32.4% increase quarter-over-quarter and 45.6% year-over-year.

• Net income for Q2 2026 was NT$2,894 million, a 43.8% increase year-over-year and 33.7% higher than Q1 2026.

• Diluted EPS was NT$1.56, up from NT$1.18 in 1Q26 and NT$1.10 in 2Q25.

• Total wafers shipped increased to 713K, up 11% sequentially.

Financial highlights

• Gross profit margin improved to 32.3% from 29.3% in 1Q26 and 28.0% in 2Q25.

• Operating income for Q2 2026 was NT$2,901 million, up 53.0% year-over-year and 39.0% sequentially.

• Cash and financial instruments stood at NT$44,751 million at quarter-end.

• Total assets as of June 30, 2026 were NT$219,187 million, up 39.5% year-over-year.

• Cash and cash equivalents at period end were NT$40,506 million, down 29.9% year-over-year and 8.7% sequentially.

Outlook and guidance

• 3Q26 wafer shipments expected to increase by 1% to 3% quarter-over-quarter.

• Blended ASP projected to rise by 2% to 4% quarter-over-quarter.

• Gross profit margin guidance for 3Q26 is 32.5% to 34.5%, assuming an exchange rate of 1 USD to 32.0 NTD.

• Management highlighted strong revenue and profit growth, with continued focus on operational efficiency and investment in capacity.