WT Microelectronics (3036 TT) (“WT”) held an online investor conference today to present its financial results for the first quarter of 2026 and provide its business outlook. Consolidated revenue for the first quarter of 2026 was approximately NT$494.3bn (US$15.6bn), up approximately 44% quarter-on-quarter and 100% year-on-year. Consolidated operating profit was approximately NT$9,944mn (US$314.4mn), representing an increase of approximately 66% quarter-on-quarter and 118% year-on-year. Consolidated net profit after tax attributable to owners of the parent was approximately NT$7,009mn (US$221.6mn), up approximately 67% quarter-on-quarter and 159% year-on-year, exceeding the high end of the guidance range of NT$6,486mn and setting a new single-quarter earnings record. Earnings per share (“EPS”) based on weighted average outstanding shares, after deducting dividends for preferred shares, was approximately NT$5.32, up approximately 54% quarter-on-quarter and 120% year-on-year, also setting a new single-quarter EPS record. If dividends for preferred shares were not deducted, net profit per share would be approximately NT$5.55.
Both consolidated revenue and net profit after tax for the first quarter of 2026 exceeded the high end of the guidance, primarily driven by strong growth in demand for datacenter and communications products fueled by AI, alongside a solid recovery in non-AI segments, such as industrial applications. As a result, annualized Return on Equity (ROE) reached 24.3% in the first quarter, continuing to expand both sequentially and year-on-year.
For the second quarter of 2026 outlook, based on an assumed exchange rate of NT$31.6 per US dollar, the mid-point guidance for consolidated revenue is approximately NT$575bn (US$18.2bn), up approximately 16% quarter-on-quarter and 122% year-on-year. The mid-point guidance for consolidated operating profit is approximately NT$11.8bn (US$373.3mn), up approximately 19% quarter-on-quarter and 153% year-on-year. The mid-point guidance for consolidated net profit after tax attributable to owners of the parent is approximately NT$8,100mn (US$256.3mn), up approximately 16% quarter-on-quarter and 186% year-on-year. The mid-point guidance for EPS is approximately NT$6.41, up approximately 20% quarter-on-quarter and 181% year-on-year.
Looking ahead, macroeconomic uncertainty continues to abate. On the semiconductor demand front, major CSPs continue to revise capital expenditure upward. We believe AI-driven demand will be sustained and, over the medium-to-long term, is likely to permeate a broader range of applications, fueling growth across diverse end markets. In non-AI segments, inventory levels have largely normalized to healthy-to-lean levels, and leading indicators such as book-to-bill ratios for the industrial and automotive markets in Europe and North America all point to a steady and continued recovery.
Against the backdrop of shifting global supply chains with increasing structural complexity, the Company remains committed to strengthening its core capabilities while optimizing global presence and operational efficiency, creating higher added value for suppliers and customers, and providing more comprehensive and flexible solutions, to drive long-term market share expansion and sustainable profit growth.