AIROHA TECHNOLOGY (6526) Q2 2025 earnings summary

Executive summary

• Consolidated revenue for 2Q25 reached NTD 5,522 million, up 12.7% year-over-year and 5.7% sequentially from 1Q25.

• Net income for 2Q25 was NTD 758 million, a 5.4% decrease year-over-year but a 6.8% increase sequentially.

• Earnings per share for 2Q25 stood at NTD 4.64, down NTD 0.14 year-over-year but up NTD 0.28 from the previous quarter.

• Revenue for the six months ended June 30, 2025 was NT$10,744.8 million, up 23% year-over-year, with net income of NT$1,467.9 million, a 21% increase from the prior year period.

• The company completed the acquisition of IC+, making it a consolidated subsidiary from July 1, 2024, expanding its Ethernet IC market presence.

Financial highlights

• Gross margin declined to 50.5% in 2Q25, down 2.3 percentage points year-over-year and 1.2 points sequentially.

• Operating income for 2Q25 was NTD 816 million, down 11.5% year-over-year but up 10.7% sequentially.

• Net profit margin for 2Q25 was 13.7%, down 2.7 points year-over-year but up 0.1 point sequentially.

• Basic EPS for the six months was NT$9.00, compared to NT$7.25 in the prior year period.

• Cash and cash equivalents increased to NT$13,187.2 million as of June 30, 2025, from NT$9,020.4 million a year earlier.

Outlook and guidance

• Management expects continued growth in wireless and broadband communication chips, leveraging the expanded product portfolio post-IC+ acquisition.

• The company remains focused on R&D investment and market expansion, with no material impact expected from new accounting standards.