Taiwan · Delayed Price · Currency is TWD Compal Electronics Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 revenue grew 2% sequentially, but full-year revenue fell 17% year-over-year due to weak demand and strategic shifts. Server sales are set to more than double in Q1 2026, with AI servers driving growth, while PC units are expected to decline 15%-20% due to seasonality and component shortages.
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Q2 2025 saw improved gross margin and stable cash flow despite lower year-over-year revenue and forex losses. Growth pillars like servers and 5G are expected to drive future expansion, supported by a $300 million North America investment.
Fiscal Year 2024
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Q4 2024 saw stable margins and a 4% annual revenue contraction, but net profit and EPS rose year-over-year. Strategic investments target server, automotive, and ESG, with 2025 CapEx up to NT$10B and high double-digit server growth expected.
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Q2 2024 saw strong sequential revenue and margin growth, driven by product mix optimization and operational efficiency. The company targets a 60/40 PC to non-PC revenue mix by 2026–27, with high-margin businesses and AI-related segments as key growth drivers.