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Winbond Electronics (2344) investor relations material
Winbond Electronics H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales in 2Q26 reached NT$59,843M, up 56.4% QoQ and 184.7% YoY, with net income at NT$24,199M, a 139.2% YoY increase.
Memory business drove growth, with CMS revenue up 78% QoQ and over 400% YoY, and Flash revenue up 65% QoQ and 176% YoY.
Gross margin improved to 66.2%, up 13 percentage points QoQ and 44 ppts YoY.
Profitability hit record highs, supported by strong AI, automotive, and infrastructure demand.
Financial highlights
Operating profit for 2Q26 was NT$28,979M, up 130.9% QoQ, with operating margin at 48.4%.
EBITDA for 2Q26 was NT$33,643M, more than double YoY.
Free cash flow in 2Q26 was NT$18,134M, with cash and equivalents at NT$61,826M.
Book value per share rose to NT$36.67.
Outlook and guidance
High-density NOR and SLC NAND demand expected to sustain pricing uptrend through 2026 and beyond.
DRAM supply remains tight, with AI-driven demand supporting further price increases into 2H26 and 2027.
16nm capacity ramp and KH Fab Module B expansion to contribute from 2027.
- Q1 2026 net sales up 91% YoY, with strong margins and robust memory-driven growth.2344
Q1 2026 - Net income surged to NT$3.18B on strong sales and margin gains, led by memory and CMS.2344
H2 2025 - Profitability restored in 3Q25, with stable revenue and strong liquidity.2344
Q3 2025 - Net loss widened to NT$1,631M in 2Q25; gross margin 24%, cash up, price recovery expected.2344
H1 2025 - Nine-month 2024 net income reached NT$1.39B on revenue of NT$62.92B, reversing last year's loss.2344
Q3 2024 - Q2 2024 profit rebounded on strong memory growth, margin expansion, and robust cash flow.2344
H1 2024 - Net loss widened despite stable sales, as margin and cost pressures persisted.2344
Q1 2025 - Revenue up 8.8% to NT$81.6B, net income NT$710M, no dividend due to comprehensive loss.2344
H2 2024
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