Wistron (3231) Q2 2026 earnings summary

Executive summary

• Transitioned from PC-centric (pre-2010) to diversified AI, server, and enterprise compute focus, driving significant revenue growth.

• Positioned as a key player in AI compute, network, and enterprise mobility, with strong exposure to major tech clients and CSPs.

• Recognized for ESG leadership, innovation, and sustainability, earning top global awards and ratings.

• Net revenues for the six months ended June 30, 2026 reached $1,741,745,642 thousand, up from $897,776,520 thousand in the same period last year, with gross profit margin at 5%.

• The independent auditor's review found no material misstatements in the financial statements.

Financial highlights

• Net revenue reached NT$2,186.5bn in 2025, up from NT$1,049.3bn in 2024 and NT$867.1bn in 2022.

• Operating income rose to NT$78.6bn in 2025 from NT$27.4bn in 2024 and NT$39.0bn in 2022.

• 1H'26 net revenue surged 94% YoY to NT$1,741.7bn, with PAT up 106.6% YoY to NT$24.5bn and EPS up 91.6% YoY to NT$7.78.

• EBITDA for 2025 was NT$105.0bn, up from NT$45.4bn in 2024.

• Cash and cash equivalents at period end were $123,163,873 thousand, up from $83,079,905 thousand a year earlier.

Outlook and guidance

• AI revenue contribution and YoY growth rates are expected to remain strong, with further expansion across products and business models.

• 1H'26 guidance indicates continued robust growth in revenue and profitability, driven by AI and enterprise compute platforms.

• The Group continues to evaluate the impact of new IFRS standards, including IFRS 18, which will affect income statement presentation and management performance measures.

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