Xintec (3374) Q4 2025 earnings summary

Executive summary

• Net revenue for 2025 increased by 2.5% year-over-year to NT$7,239M, but net income declined by 18.9% to NT$1,354M.

• Gross margin dropped significantly from 35.3% to 27.4% year-over-year, reflecting margin pressure.

• Testing revenue surged by 78% year-over-year, while DOE revenue declined by over 40%.

• Consumer segment accounted for 85% of revenue, growing 4% year-over-year; automotive revenue fell 7%.

Financial highlights

• 4Q'25 net revenue was NT$2,066M, down 1.2% sequentially but up 14.2% year-over-year.

• 4Q'25 net income rose 18.9% sequentially and 12.4% year-over-year to NT$514M.

• 4Q'25 EPS was NT$1.90, up 19.1% sequentially and 12.8% year-over-year.

• 2025 full-year ROE was 14.4%, down from 19.6% in 2024.

• Cash and marketable securities at year-end were NT$4,354M, down 13.5% year-over-year.

Outlook and guidance

• 1H 2026 revenue is expected to grow year-over-year, with stable utilization in testing.

• DOE revenue is stabilizing after significant declines; new 8" CSP project to enter mass production in Q2 2026.

• Ongoing capacity expansion in testing and 12-inch CIS CSP mass production to drive future growth.

• Focus on wearable CSP projects for smart glasses and display sensors.