Pegatron (4938) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 was NT$244.1Bn, down 10.4% year-over-year and 23.6% sequentially, reflecting seasonal weakness and softer demand in key segments.

• Net income attributable to the parent was NT$1.56Bn, a 63.7% decrease year-over-year and 70.4% decline sequentially.

• EPS for Q1 2026 was NT$0.58, down from NT$1.62 in Q1 2025 and NT$1.97 in Q4 2025.

• Gross margin improved to 4.4% in Q1 2026 from 3.7% in Q1 2025.

• Total comprehensive income for the period was $7.10Bn, down from $7.52Bn in Q1 2025.

Financial highlights

• Operating income was NT$2.83Bn, up 13.9% year-over-year but down 36.2% sequentially.

• Net non-operating income dropped sharply to NT$636Mn from NT$4.19Bn a year ago.

• Cash and equivalents at quarter-end were NT$112.3Bn, down from NT$119.9Bn a year ago.

• Cash flow from operating activities was NT$1.69Bn, a significant improvement from negative NT$14.67Bn in Q1 2025.

• Total assets stood at $623.2Bn, with total equity at $248.7Bn as of March 31, 2026.

Outlook and guidance

• Management cited seasonality and weaker demand in Consumer Electronics and Communication as key factors for revenue decline.

• Revenue expected to remain under pressure due to ongoing softness in major segments.

• The company continues to evaluate the impact of new IFRS standards, including IFRS 18, which will affect financial statement presentation from 2028.

• No explicit forward-looking financial guidance was provided.