Will Semiconductor (603501) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 6.41 billion, down 0.90% year-over-year, with net profit attributable to shareholders at RMB 503 million, a 41.92% decrease year-over-year.

• The semiconductor industry faced demand pressure in consumer and automotive electronics, impacting revenue and profitability.

Financial highlights

• Operating income: RMB 6.41 billion, down 0.90% year-over-year.

• Net profit attributable to shareholders: RMB 503 million, down 41.92% year-over-year.

• Operating cash flow: RMB 737 million, down 32.87% year-over-year.

• Basic EPS: RMB 0.41, down 43.06% year-over-year.

• Total assets at period end: RMB 49.37 billion, up 13.22% from year-end 2025.

Outlook and guidance

• AI infrastructure investment continues to drive the semiconductor sector, but short-term demand in key end markets remains under pressure.