Taiwan · Delayed Price · Currency is TWD AUO Corporation Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenue of TWD 69 billion, a slight QoQ decline, but gross margin improved to 11.9% and OP loss narrowed. Mobility and Vertical Solutions showed growth, while Display softened. Cautious H2 outlook due to macro uncertainties and supply chain risks.
Fiscal Year 2025
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Q4 2025 revenue was flat sequentially, with net profit boosted by a plant sale. Gross margin improved year-over-year, and the business mix shifted toward higher-margin segments. 2026 guidance is cautious due to memory shortages and cost pressures, but double-digit growth is targeted for mobility and vertical solutions.
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Q3 saw flat revenue sequentially but a 10% Y-O-Y decline, with margins pressured by NTD appreciation and weak panel prices. Mobility and vertical solutions outperformed, aided by ALYNC consolidation and BHTC merger, while micro-LED and e-paper initiatives gained traction.
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Vertical Solution revenue is forecast to grow low single digits for the year, down from the original 10% target due to exchange rate impacts. Notebook and IT shipments were strong in the first half, but macro and tariff uncertainties may temper second-half demand.
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Q1 revenue rose 5% sequentially and 21% year-over-year, with all business segments growing and profitability restored. Tariff uncertainties cloud H2 outlook, but flexible production and new tech like MicroLED and e-paper JV support future growth.
Fiscal Year 2024
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Q4 2024 saw a revenue dip due to seasonality, but full-year sales rose 13% YoY, driven by automotive and BHTC integration. The company is advancing its three-pillar transformation, focusing on profitability, cost control, and asset-light strategies amid ongoing market and geopolitical uncertainties.
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Q3 revenue rose 4.6% QoQ to TWD 77.7 billion, led by display and mobility solutions, but net loss was TWD 930 million due to higher expenses and one-off items. Asset revitalization and strategic investments continue, with 2024 CapEx guided lower at TWD 31 billion. Q4 display revenue is expected to decline sequentially, while mobility and vertical solutions remain steady.
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Q2 2024 saw a 25% QoQ revenue jump, improved margins, and a return to operating profit, though a net loss was recorded due to earthquake costs. Strategic focus is shifting to mobility and vertical solutions, with BHTC and Avocor acquisitions driving growth and synergies.