Yageo released its operating results for the third quarter and first nine months of 2026 on Oct. 29, reporting record quarterly revenue and stronger profitability as demand tied to artificial intelligence applications continued to support shipments. Net profit attributable to owners of the parent reached NT$11.981 billion in the third quarter, up 88.5% from a year earlier, while earnings per share came in at NT$5.83.
Quarterly revenue sets a record
According to the company’s financial disclosure, third-quarter consolidated revenue was NT$49.532 billion, up 11.4% from the previous quarter and 49.7% from a year earlier, marking a record high for a single quarter. On a U.S. dollar basis, quarterly revenue increased 10.2% quarter over quarter and 40.9% year over year.
Gross profit for the quarter rose to NT$20.308 billion, up 18.6% from the prior quarter and 69.6% from a year earlier. Gross margin reached 41.0%, up 2.5 percentage points quarter over quarter and 4.8 percentage points year over year. Operating income was NT$14.603 billion, and operating margin stood at 29.5%, expanding by 3.1 percentage points from the previous quarter and 6.6 percentage points from a year earlier.
Net profit attributable to owners of the parent totaled NT$11.981 billion, up 27.2% from the previous quarter and 88.5% from the same period last year. Third-quarter EPS was NT$5.83, up 27.2% quarter over quarter and 88.4% year over year.
Yageo said non-operating net income in the third quarter was NT$616 million, mainly from NT$275 million in net interest income, NT$205 million in equity-method investment income, and NT$201 million in foreign exchange gains.
First-nine-month EPS reaches NT$14.32
For the first three quarters of 2026, consolidated revenue totaled NT$132.154 billion, up 36.3% from a year earlier. Gross margin for the period was 39.3%, up 3.5 percentage points year over year. Operating income reached NT$35.965 billion, and operating margin was 27.2%, up 5.5 percentage points from the same period last year.
Net profit attributable to owners of the parent for the first nine months was NT$29.400 billion, up 74.1% year over year, while cumulative EPS reached NT$14.32. The company said it recognized about NT$449 million in undistributed earnings tax during the first three quarters, affecting EPS by about NT$0.22.
As of Sept. 30, 2026, total assets stood at NT$439.094 billion, total liabilities were NT$246.871 billion, and equity attributable to owners of the parent was NT$189.983 billion. Yageo said its overall financial structure remained sound.
Company cites AI demand as the main growth driver
Yageo said the sharp increase in revenue during the first three quarters was mainly driven by rigid and incremental demand from AI-related applications, which supported steady growth in shipments of both standard and specialty products. Other end markets also showed a mild recovery.
Looking ahead, the company said rapid upgrades in AI computing architecture and end hardware are bringing a long-term structural shift to the electronic components industry. It added that customer inventory levels are generally staying at healthy levels. Yageo said it will respond cautiously to macroeconomic changes and use its global production footprint and flexible allocation mechanisms to reduce the impact of geopolitical risks, changes in tariff policies across countries, and foreign exchange volatility on operations.
