RF Materials (327260) Q1 2026 earnings summary

Executive summary

• Compound semiconductor packaging specialist with diversified product lines in RF, optical, laser, and defense sectors, serving global clients and expanding into aerospace and 5G markets.

• Achieved significant export milestones, ongoing R&D, and capacity expansion to support new business areas.

Financial highlights

• Q1 2026 consolidated revenue: KRW 20.0B, down from KRW 64.1B in FY2025 and KRW 44.5B in FY2024.

• Q1 2026 operating income: KRW 3.2B; net income: KRW 3.4B; EPS: KRW 290.

• Gross margin improved to 29.8% in Q1 2026 from 18.4% in FY2025.

• Cash and cash equivalents at Q1 2026: KRW 7.4B, down from KRW 31.3B at FY2025-end.

• Total assets: KRW 132.4B; equity: KRW 93.7B; liabilities: KRW 38.7B as of Q1 2026.

Outlook and guidance

• Targeting growth in satellite, 5G, and high-value laser module markets.

• Ongoing investments in R&D and production capacity to support new product launches and market expansion.