Taiwan · Delayed Price · Currency is TWD WIN Semiconductors Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong revenue and margin growth, led by infrastructure and optical segments, with net profit and EPS up sharply QoQ. Q3 is expected to see continued revenue and margin expansion, driven by new smartphone launches and optical mass production.
Fiscal Year 2025
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Q4 2025 saw strong revenue and margin growth, driven by a favorable product mix and expansion into infrastructure, AI, and optical segments. Full-year revenue declined slightly, but margins improved. Q1 2026 is expected to be seasonally weaker, with lower revenue and gross margin.
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Q3 2025 saw a strong rebound with 19% QoQ revenue growth, improved margins, and a return to profitability, driven by higher utilization and favorable product mix. All segments grew, with optical and infrastructure leading, and Q4 is expected to see continued modest growth.
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Q2 2025 saw a 5.7% QoQ revenue increase but a 23.8% YoY decline, with gross margin improving to 18.5% despite currency headwinds. All segments are expected to grow in Q3, led by optical, as new smartphone launches and AI-related projects drive demand.
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Q1 2025 revenue declined 3.5% sequentially and 20% year-on-year, with gross margin at 16.7% and net profit at TWD 16 million. Q2 is expected to see low-teens revenue growth, led by Wi-Fi and optical segments, despite ongoing tariff uncertainties.
Fiscal Year 2024
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Q4 2024 saw revenue and margins decline due to lower Wi-Fi and Cellular PA demand, but infrastructure and optics segments grew. Full year 2024 revenue rose 10% year-over-year, with strong Gallium Nitride and AI-related opportunities ahead.
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Q3 2024 revenue rose 4% year-over-year but fell 12% sequentially, with gross margin dropping to 21.6% due to lower utilization. Wi-Fi and infrastructure segments showed strong year-over-year growth, while Q4 revenue and margins are expected to decline further.
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Q2 2024 revenue rose 12% sequentially and 26% year-on-year, with gross margin improving to 27.2% due to higher utilization and favorable product mix. Wi-Fi and infrastructure segments led growth, while Q3 revenue is expected to decline by high single digits, with gross margin guided to mid-20% range.