Chroma ATE (2360) investor relations material

Executive summary

• First half 2026 consolidated revenue reached NT$25.4 billion, up 91% year-over-year, with Q2 revenue at NT$13.53 billion, up 110% YoY and 14% sequentially.

• Net income for Q2 2026 was NT$5.23 billion, up 161% YoY; first half net income reached NT$9.18 billion, up 120% YoY, with EPS at NT$12.15 for Q2 and NT$21.27 for 1H, both at record highs.

• Strong momentum in Test Instruments & ATS and Semiconductor segments, with YoY growth of 136% and 62% respectively.

• Significant one-time gains included NT$444 million from asset disposals and NT$507 million from investment disposals.

• Auditor issued a qualified review opinion due to unreviewed financials of certain subsidiaries and investees, representing up to 17% of consolidated assets and income.

Financial highlights

• Gross margin for Q2 and 1H 2026 was 61% and 62% respectively, with Q2 operating margin at 39% and 1H operating margin at 40%.

• Operating income for Q2 was NT$5.24 billion, up 139% YoY; 1H operating profit was NT$10.04 billion, up 130% YoY.

• Non-operating income in Q2 was NT$1.27 billion, up 428% YoY, mainly from asset disposals.

• Cash and short-term investments as of June 30, 2026, stood at NT$13.68 billion, up 65% from year-end 2025.

• Free cash flow for 1H 2026 was NT$3.29 billion, up 86% YoY.

Outlook and guidance

• Second half of 2026 expected to maintain strong momentum, led by semiconductor and photonics segments.

• Battery sales project ready to ship from Q3, with demand exceeding initial guidance.

• Legacy semiconductor tester demand revised up, with 10–20% growth expected for the year.

• Price adjustments likely in the second half or for new products to offset component cost increases.

• Management is assessing the impact of new IFRS standards effective from 2027 and 2029, with no material impact expected from those already adopted.