Techwing (089030) Q1 2026 earnings summary

Executive summary

• Specializes in semiconductor and display test equipment, supplying major global clients and expanding product lines to include advanced HBM and probe solutions.

• Q1 2026 revenue was KRW 52.4B, down from KRW 159.1B in Q1 2025, with a net loss of KRW 6.1B compared to a profit of KRW 9.0B a year earlier.

• Major customers account for over 77% of sales, with a strong export focus and diversified global presence.

Financial highlights

• Q1 2026 consolidated revenue: KRW 52.4B (down 67% YoY).

• Operating income: KRW 9.7B (down 39% YoY).

• Net loss: KRW 6.1B (vs. net profit of KRW 9.0B in Q1 2025).

• Gross margin: 41.1% (down from 42.4% YoY).

• EPS: -172 KRW (vs. 263 KRW YoY).

• Cash and equivalents: KRW 58.2B (up from KRW 42.2B at year-end 2025).

Outlook and guidance

• Continued investment in R&D for next-generation semiconductor test equipment and expansion into HBM and AI-related markets.

• Management expects gradual recovery as semiconductor demand rebounds, with focus on global customer base and product innovation.