Taiwan · Delayed Price · Currency is TWD ENNOSTAR Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw revenue and margins decline due to seasonality, product mix, and forex headwinds, but cash flow and inventory control remained strong. 2026 will focus on profitability, with growth expected in micro-LED, specialty lighting, and TV backlight, while risks from supply chain and geopolitics persist.
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Q3 revenue fell 2.4% QoQ and 16.3% YoY, with negative margins due to weak demand and competition. Outlook for Q4 is mixed, with tensing and automotive segments showing growth potential, while special lighting and TV backlight face declines.
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Q2 revenue rose 1.9% sequentially to TWD 5.74 billion but fell 13.1% year-over-year, with losses widening due to NT dollar appreciation and weak demand. Value-added segments grew, and inventory turnover improved, while outlook for H2 focuses on higher-margin products and new technology investments.
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Q1 revenue grew 2.3% sequentially, with losses narrowing due to higher value-added product sales and cost control. Tariffs and forex remain key risks, but strong cash reserves and new contracts in automotive and backlighting support a positive outlook.
Fiscal Year 2024
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Announced merger of EPISTAR and Lextar into Ennostar Corporation to boost optoelectronics innovation and efficiency. Sequential growth is expected, driven by automotive, sensing, and micro-LED segments, with structural changes reducing seasonality impact.
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Q1 revenue is set to grow both sequentially and year-over-year, with strong momentum in automotive and sensing segments. Despite a loss in 2023, a cash dividend will be distributed in 2024, supported by a robust net cash position and ongoing asset revitalization.
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Q2 2024 revenue rose 18.3% sequentially and 13% YoY, driven by premium applications and improved margins. Q3 revenue and profits are expected to increase, with automotive and professional lighting segments projected for strong growth.