YC (232140) Q1 2026 earnings summary

Executive summary

• Specializes in manufacturing and selling automatic test equipment (ATE) for DRAM and NAND memory semiconductors, with a focus on wafer-level testing and repair functions.

• Operates globally with five consolidated subsidiaries and maintains a strong presence in the semiconductor equipment market.

• Recently changed its corporate name and continues to expand its business scope, including investments in venture and startup companies.

Financial highlights

• Q1 2026 consolidated revenue: KRW 33.3 billion, down from KRW 272.6 billion in FY2025 (full year).

• Q1 2026 operating income: KRW 4.0 billion; net income attributable to owners: KRW 1.2 billion.

• Cash and cash equivalents at Q1 2026: KRW 71.2 billion, down from KRW 98.2 billion at FY2025 year-end.

• Total assets at Q1 2026: KRW 656.3 billion; total equity: KRW 502.0 billion.

• Basic EPS for Q1 2026: KRW 15.

Outlook and guidance

• Semiconductor and test equipment markets expected to grow through 2026, driven by AI, high-performance memory, and data center demand.

• Company aims to diversify sales channels, expand into new regions, and develop next-generation memory testers.

• Ongoing large-scale supply contracts with major customers, including Samsung Electronics, are in progress.