Parade Technologies (4966) Q4 2025 earnings summary

Executive summary

• FY2025 revenue was $531.09M (NT$16,531 million), up 5% (1.8%) year-over-year; net income reached $87.75M (NT$2,727 million), a 5.2% increase.

• Q4 2025 revenue was $125.22M, net income $17.53M, and EPS $0.22, both down from Q3 and year-over-year.

• Launched TC1316V, the first AEC-Q100 qualified eDP touch TCON for automotive displays.

• Major acquisition of Spectra7 Microsystems Inc. in April 2025 expanded presence in data centers and AI.

• Goodwill impairment and inventory valuation were key audit matters due to management judgment and industry uncertainty.

Financial highlights

• Q4 revenue decreased 14.32% sequentially and 1.72% year-over-year.

• FY2025 gross profit was $226.01M; operating income $87.20M.

• Basic EPS for 2025 was NT$34.51, up from NT$32.55 in 2024; diluted EPS was NT$34.31.

• Cash and cash equivalents at year-end 2025 were NT$10,900 million, up from NT$10,532 million in 2024.

• Dividends per share for 2025 totaled NT$17.46.

Outlook and guidance

• Q1 2026 revenue guidance: $119.75M–$132.25M; gross margin 40%–44%; operating expense $33M–$36M.

• Management expects continued growth in high-speed interface and AI-related markets following the Spectra7 acquisition.

• Expect notebook shipments to remain flat in 2026, but high-speed and TTED device adoption to drive growth.

• Gross margin bracket revised down due to industry-wide OSAT and assembly cost increases.

• Adoption of new IFRS standards in 2026 and beyond is not expected to materially impact financials.