Wistron (3231) Q1 2026 earnings summary

Executive summary

• Net revenues for Q1 2026 reached NT$846.3 billion, up 144% year-over-year, with net profit at NT$18.0 billion, a 61% increase from Q1 2025.

• Gross margin for Q1 2026 was 5.2%, slightly down from 6.1% in Q1 2025, reflecting higher cost of sales.

• Basic EPS for Q1 2026 was NT$3.06, up from NT$1.85 in Q1 2025; diluted EPS was NT$2.91.

• Cash and cash equivalents at March 31, 2026 were NT$100.0 billion, down from NT$144.5 billion at year-end 2025.

Financial highlights

• Operating income for Q1 2026 was NT$14.96 billion, up 1.3x year-over-year.

• Total assets increased to NT$1.47 trillion at March 31, 2026, from NT$1.10 trillion at December 31, 2025.

• Short-term loans rose to NT$354.9 billion, up from NT$235.2 billion at year-end 2025.

• Net cash used in operating activities was NT$140.6 billion for Q1 2026, compared to NT$27.2 billion in Q1 2025.

Outlook and guidance

• Management continues to evaluate the impact of new IFRS standards, with IFRS 18 adoption expected in 2028.

• The group is monitoring climate-related risks and their impact on accounting estimates.