Advantech — Interim / Quarterly Report 2026

May 6, 2026

ADVANTECH

Enabling an Intelligent Planet

Advantech 1Q26 Online Investor Conference

研華2026年第一季法人說明會

6th May, 2026

Edge Computing & AI-Powered WISE Solutions

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Safe Harbor Notice

• Advantech’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements.

• The projections should not be interpreted as legally binding commitments, but rather as flexible information subject to change occasionally.

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1Q26 Financial Results

NT$ mn	1Q 2026	%	4Q 2025	%	QOQ	1Q 2025	%	YoY
Net Sales	20,385	100.0%	17,921	100.0%	14%	17,351	100.0%	17%
Gross Profit	7,980	39.1%	7,129	39.8%	12%	7,028	40.5%	14%
Operating Expense	4,251	20.9%	4,318	24.1%		4,104	24%
Operating Profit	3,728	18.3%	2,811	15.7%	33%	2,924	16.9%	28%
Non-operating Items	340	1.7%	870	4.9%		316	1.8%
Pretax Profit	4,068	20.0%	3,681	20.5%	11%	3,240	18.7%	26%
Tax Expenses	750	3.7%	587	3.3%		549	3.2%
Net Income to Parent	3,334	16.4%	3,103	17.3%	7%	2,734	15.8%	22%
EPS (NT$)	3.85		3.58			3.17

1Q26

• Revenue reached quarterly record high, with QoQ and YoY double-digit increase, respectively.
• GP% declined in YoY due to the rising of raw material cost, though OP% increased significantly by 28% YoY driven by effective OPEX control.
• Effective Tax rate was 18.4% in 1Q26.

ADANTECH

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1Q26 Sales By Region

USSmn	1Q26	1Q25	YoY %	Rev %
North America	184	163	+13%	29%
Europe	106	89	+19%	16%
China	153	111	+38%	24%
North Asia	56	49	+15%	9%
Taiwan	55	31	+75%	8%
Asia & InterCon	62	52	+24%	10%
Others	28	33	+153%	4%
Total	644	528	+22%	100%

North Asia

USSmn	1Q26	YoY
AJP	29	-3.7%
AKR	27	+44.2%

Asia & InterCon

USSmn	1Q26	YoY
AAU/NZ	3	+2%
ASEAN	20	+70%
India	6	+0%
Russia & CIS	1	-44%
LATAM	5	+19%
ME&A	27	+8%

ADANTECH

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1Q26 Performance By Sector

USS mn		Revenue	Rev. %	YoY	Gross Margin	Operating Profit	OP Margin
IoT Automation	(iAutomation)	47	7%	+19%	65%~70%	20	42%
Intelligent Systems	(iSystems)	234	36%	+19%	40%~45%	63	27%
Embedded	(Embedded)	222	35%	+15%	30%~35%	54	25%
Intelligent Service	(iService)	40	6%	+3%	35%~40%	2	6%
Advantech Service+ /Others	(AS+)	101	16%	+66%	20%~25%	15	15%
Total		644	100%	+22%	39.1%	118*	18.3%

• unallocated expenses -$36M

• IAutomation YoY +19% : Driven by channel strong growth in China and Europe.

• iSystems YoY +19%: Outperformed in Semiconductor Equipment and transportation projects in North America, China, and Taiwan, as well as the strong growth of Data center deployments in North America.
• Embedded YoY +15%: Benefited by the strong growth of Medical Equipment project in North America, Europe, and MEA, while Channel sales also grew by double-digit in Europe market.
• iService YoY +3%: Driven by growth in healthcare projects in Europe and MEA, along with Aures growth, partly offset by declines in North America healthcare and retail.

ADANTECH

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Balance Sheet & Key Indices

NT$ mn	1Q26		4Q25		1Q25
	Amount	%	Amount	%	Amount	%
Cash & Cash Equivalents	20,511	24%	19,181	25%	21,273	29%
Account receivable	12,279	13%	10,535	14%	10,689	14%
Inventory	15,389	18%	11,835	16%	10,838	15%
Total Assets	83,769	100%	75,718	100%	74,383	100%
Account payable	11,302	13%	7,681	10%	7,398	10%
ST debt	385	0%	291	0%	344	0%
LT debt	1,648	2%	1,617	2%	1,809	3%
Total Liabilities	34,044	41%	20,669	27%	26,884	36%
Total Equity	49,725	59%	55,049	73%	47,499	64%
Key Indices
Inventory turnover days	97		96		95
AR turnover days	51		53		54
AP turnover days	69		62		63
CCC (cash conversion cycle)	84		84		86

ADANTECH

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2Q26 Guidance

Based on the exchange rate assumption of US$1 to NT$31.5, management expect the 2Q26 guidance as below:

Items	2Q26 Estimation
Consolidated Revenue	US$ 650M ~ US$ 670M
Gross Margin	38.0% ~ 40.0%
Operating Margin	16.0%~18.0%

ADVANTECH

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ADVANTECH

Enabling an Intelligent Planet

Edge Computing & AI-Powered WISE Solutions

www.advantech.com

IR@advantech.com.tw