PixArt Imaging (3227) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were NT$2,209 million, down 5.9% year-over-year and 3.4% sequentially.

• Net income was NT$389.9 million, a decrease of 28.5% from Q1 2025 and 14.9% from Q4 2025.

• Gross margin stood at 59.5%, down from 62.1% in Q1 2025 but up from 58.5% in Q4 2025.

• Basic EPS was NT$2.65, compared to NT$3.74 in Q1 2025 and NT$3.12 in Q4 2025.

Financial highlights

• Operating income for Q1 2026 was NT$382 million, down 27.6% year-over-year and 2.6% sequentially.

• Cash and cash equivalents increased to NT$6,521 million from NT$6,111 million in Q4 2025 and NT$5,621 million year-over-year.

• Total assets reached NT$15,897 million, up from NT$15,047 million year-over-year.

• Cash dividends of NT$1,520 million (NT$10.1 per share) proposed for 2025 earnings.

Segment performance

• Mouse products accounted for 64% of Q1 2026 product mix, up from 63% in Q4 2025.

• Game segment contributed 8%, up from 7% in Q4 2025.

• IC design segment contributed NT$2,202 million in revenue and NT$397 million in segment income for Q1 2026.

• Chemical materials manufacturing segment contributed NT$7.3 million in revenue and a segment loss of NT$9.9 million.