Accton Technology (2345) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 surged 127% year-over-year to NT$42.75 billion, with net income more than doubling to NT$5.12 billion and EPS reaching NT$9.17, reflecting robust demand for network communication equipment.

• Gross margin remained strong at 20%, and operating income rose sharply to NT$5.91 billion, up from NT$1.92 billion in Q1 2024.

• Total comprehensive income declined to NT$3.48 billion due to a significant unrealized loss on equity investments, despite higher net profit.

Financial highlights

• Operating revenue: NT$42.75 billion, up from NT$18.85 billion year-over-year.

• Net income: NT$5.12 billion, up from NT$2.24 billion year-over-year.

• Gross profit: NT$8.65 billion (20% margin); operating income: NT$5.91 billion.

• EPS: NT$9.17 basic, NT$9.11 diluted, both more than double the prior year.

• Cash and cash equivalents at period end: NT$23.30 billion, up from NT$13.74 billion.

Outlook and guidance

• Management continues to assess the impact of new IFRS standards effective in 2026 and is monitoring global market and regulatory changes.

• Capital management remains focused on supporting R&D, capex, and dividend payments for the next 12 months.