Realtek Semiconductor
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Realtek Semiconductor (2379) investor relations material

Realtek Semiconductor Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary28 Jan, 2026

Executive summary

  • Q4 2025 revenue was NT$26.28B, down 10.9% sequentially and 0.3% year-over-year, in line with expectations due to seasonal slowdown and inventory adjustments.

  • Q4 net profit was NT$2.65B (10.1% of revenue), a 22.6% decrease from Q3 and 22.0% lower year-over-year; EPS was NT$5.17, down from NT$6.69 in Q3 and NT$6.63 in Q4 2024.

  • 2025 full-year revenue reached NT$122.71B, up 8.2% year-over-year, setting a new record high.

  • 2025 net income after tax was NT$14.75B (12% of revenue), down 3.5% from 2024; EPS was NT$28.77, compared to NT$29.82 in 2024.

Financial highlights

  • Q4 gross margin was 48.1%, down 1.6pp sequentially and 0.3pp year-over-year, mainly due to product mix and minor inventory write-offs.

  • 2025 gross margin was 50%, slightly down from 50.4% in 2024.

  • Q4 operating expenses were NT$10.33B (39.2% of revenue), down 10.7% sequentially.

  • 2025 operating income was NT$13.50B (11.7% margin), up 6.4% from 2024.

  • Q4 non-op income was NT$651M, down 30.1% from Q3, due to lower subsidies and FX losses.

Outlook and guidance

  • Cautiously optimistic for Q1 2026, supported by customer restocking and pre-stocking amid supply chain uncertainties.

  • Robust first half 2026 projected, but vigilant on rising inventory costs and end demand.

  • Gross margin expected to be maintained at current levels, with cost and performance optimization as focus.

  • OpEx ratio expected to remain stable in 2026.

  • Full-year 2025 net sales grew 8.2% year-over-year, indicating positive momentum despite margin compression.

What factors impacted 4Q25 gross margin QoQ?
Explain 4Q25 inventory increase
Why did short-term borrowings increase in 4Q25?
Strategies to maintain GM despite cost pressure?
How China auto export shift impacts Realtek?
What AI PC features drive content value?
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Q1 202611 Feb, 2026
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Frequently asked questions

Realtek Semiconductor Corp., also known as Realtek, is a fabless semiconductor company that specializes in the design, development, and marketing of a wide range of integrated circuits (ICs). These ICs are essential for various applications across communications networks, multimedia, and computer peripherals. Founded in 1987 by a group of seven engineers, Realtek has grown into one of the world's prominent IC design houses. The company's product lineup is integral to the functionality and performance of a broad spectrum of computing and consumer electronics, ranging from PCs and peripherals to networking and multimedia devices. The company is headquartered in Hsinchu, Taiwan, and its shares are listed on the Taiwan Stock Exchange.

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