Chroma ATE (2360) Q1 2026 earnings summary

Executive summary

• Achieved record-high Q1 net sales of TWD 11.859 billion, a 38% sequential and 73% year-over-year increase.

• Net income reached TWD 3.948 billion, up 49% quarter-over-quarter and 83% year-over-year.

• EPS was TWD 9.12, growing 51% sequentially and 81% year-over-year.

• Operating income surged 122% year-over-year to TWD 4.797 billion, with a 61% sequential increase.

Financial highlights

• Gross margin was 63%, the second highest quarterly margin, with gross profit at TWD 7.4 billion.

• EBITDA reached TWD 5.3 billion; cash flow from operations was TWD 1 billion.

• Free cash flow was negative TWD 825 million due to investment in fixed income financial instruments, but also reported as positive TWD 5.321 billion year-over-year.

• Cash and short-term investments totaled TWD 9.143 billion, up 10% from year-end.

Outlook and guidance

• Orders expected to increase in coming quarters, with potential upward revision of forecasts.

• Battery cell project anticipated to contribute to revenue from Q2 onward.

• Strong demand visibility for 2026 and 2027, with capacity expansion plans in place.

• Forward-looking statements indicate expectations for continued revenue growth and profitability, but caution is advised due to substantial risks and uncertainties.