RichWave Technology (4968) Q1 2026 earnings summary

Executive summary

• Maintains a strong position in Wi-Fi (Wi-Fi 1–7) and is expanding into IoT, mobile, and automotive applications.

• Net operating revenue for Q1 2026 was NT$930.2 million, up 9.5% year-over-year from NT$849.4 million in Q1 2025.

• Net profit for Q1 2026 reached NT$53.5 million, more than double the NT$25.8 million reported in Q1 2025.

• Focuses on technology mastery, customer service, and long-term value creation.

• Recognized for workplace health promotion and ESG initiatives.

Financial highlights

• Q1 2026 net revenue was NT$930.2M, up 10% year-over-year.

• Gross profit for Q1 2026 was NT$311.2M (33% margin), up 14% year-over-year.

• Net income after tax for Q1 2026 was NT$53.5M, a 108% year-over-year increase.

• EPS for Q1 2026 was NT$0.58, compared to NT$0.28 in Q1 2025.

• Cash and cash equivalents at March 31, 2026 were NT$919.98 million, up from NT$692.29 million at March 31, 2025.

Outlook and guidance

• Wi-Fi 7 shipments continue to increase, with Wi-Fi 8 development underway and engagement with SoC partners.

• Ongoing expansion in automotive and mobile segments, with new design wins and product launches.

• The board proposed a cash dividend of NT$1.6 per share for 2025, pending shareholder approval.

• Management continues to monitor capital structure and may adjust dividends or share issuance as needed.