Delta Electronics (2308) Q1 2026 earnings summary

Executive summary

• Sales revenue for Q1 2026 reached NT$159.4 billion, up 34% year-over-year and down 1% sequentially.

• Net profit after tax grew 101% year-over-year to NT$20.6 billion, with net margin at 12.9%.

• EPS for Q1 2026 was NT$7.91, up from NT$3.94 in Q1 2025.

• Continued strategic transformation from product provider to solution provider, focusing on power electronics, mobility, automation, and infrastructure segments.

• Completed acquisition of Delta Controls Germany GmbH to strengthen building automation market presence.

Financial highlights

• EBITDA for Q1 2026 was NT$39.4 billion, up 71% year-over-year and 20% sequentially, representing 24.7% of sales.

• Profits before tax reached NT$31.1 billion, up 99% year-over-year and 21% sequentially.

• Gross profit increased 56% year-over-year to NT$59.0 billion, with gross margin improving to 37.0%.

• Cash and cash equivalents increased to NT$160.93 billion as of March 31, 2026.

• Non-operating profit totaled NT$2.7 billion, reversing a loss in the previous quarter.

Segment performance

• Power Electronics sales grew 43% year-over-year to NT$85.6 billion, with segment profit up 15%.

• Mobility segment sales declined 27% year-over-year to NT$7.8 billion, with a segment loss of NT$744 million.

• Automation sales increased 5% year-over-year to NT$14.4 billion, with segment profit of NT$108 million.

• Infrastructure sales surged 48% year-over-year to NT$51.3 billion, with segment profit up 170%.

• Segment income for Q1 2026: Power electronics NT$18.87 billion, Mobility (NT$0.74 billion), Automation NT$0.11 billion, Infrastructure NT$10.19 billion.