Xintec (3374) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 115/1Q'26 was NT$1,914M, up 23.8% year-over-year and down 7.4% sequentially.

• Net income reached NT$384.4M, a 12.3% increase year-over-year and a 25.2% decrease from 4Q'25.

• EPS for Q1 115/1Q'26 was NT$1.42, up from NT$1.26 in Q1 114/1Q'25 and down from NT$1.90 in 4Q'25.

• Gross margin was 30% for both Q1 115 and Q1 114, and NT$568M (29.7%) in 1Q'26.

• The main business is semiconductor wafer-level packaging and testing, with major customers concentrated in two clients.

Financial highlights

• Operating income for Q1 115 was NT$452M, up 32.3% year-over-year.

• Operating margin stood at 24% in Q1 115 and 23.6% in 1Q'26, up year-over-year.

• Net profit margin was 20.1% in 1Q'26 and 20% in Q1 115, down from 22% in Q1 114.

• Cash and marketable securities increased to NT$6,175M at March 31, 115, up from NT$4,354M in 4Q'25 and NT$4,958.6M a year earlier.

• Free cash flow was NT$55M, down from NT$279M in 4Q'25.

Outlook and guidance

• Forward-looking statements are subject to significant risks and uncertainties; actual results may differ materially.

• The company continues to invest under the “Action Plan for Accelerating Investment by Taiwanese Enterprises Returning to Taiwan,” supported by government-subsidized loans.

• Dividend policy targets a cash payout ratio of at least 50% of total dividends, with NT$2.5 per share proposed for 114 and 113 fiscal years.