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1Q26 Earnings Conference

LITEON Technology
2026/04/29

LITEON
光寶科技

Agenda

LITEON

Host
Julia Wang, IR Senior Director
1Q26 Results
KT Lim, CFO
Operation Plan and Growth Strategy
Anson Chiu, President
Q&A
Anson Chiu, President
KT Lim, CFO

Safe Harbor Notice

The information contained in the Company's statements is provided in accordance with applicable regulations and reflects data available as of the reporting date. Such information may become inaccurate or incomplete due to the passage of time or subsequent developments. The Company makes no representation or warranty, express or implied, as to the accuracy or completeness of the information and assumes no obligation to update or revise it.

The Company is currently within a quiet period, and pursuant to relevant laws and regulations, the content of the Company's statements is limited to information disclosed in the public prospectus and other publicly available materials.

The Company's statements may contain forward-looking statements, which are based on current expectations, assumptions and projections as of the date of the reporting date, subject to risks and uncertainties, and actual results may differ materially. Factors include, but are not limited to, fluctuations in end market demand, changes in global economic and industry conditions, supply chain disruptions, geopolitical developments, volatility in raw material and energy cost, fluctuations in foreign exchange rate, technological changes, regulatory developments, and other risks described in the Company's publicly filed documents.

Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements because of new information, future events, or otherwise.

本資料係依據國際財務報導準則 IFRS 編制

LITEON

1Q26 Financial Results

LITEON

元真科技

1 2 3 4

1Q26 營運成果 Quarterly Results

NT$ M

比較項目

QoQ

YoY

營業收入(Sales)
YoY
44,356
43,407
Q1 2025
Q4 2026

營業毛利(Gross Profit)
YoY
14%
Q1 2025
Q4 2026

營業利益(Operating Profit)
YoY
12%
@OP Value(NT$M) ● OP%
Q1 2025
Q4 2026

母公司稅後淨利(Net profit to Parent)
YoY
9%
@ PAT Value(NT$M) ● EPS(NT$)
3,456
3,860
3,775
Q1 2025
Q4 2026

*Excluding one-off inventory write-down allowance: 1.05% of Q1 sales

LITEON

代码科技

1 2 3 4

1Q26 三大事業部門營運成果 Segements Results

Unit: NT$ M

營業收入

LITEON

代管科技

1 2 3 4

1Q26 三大事業部門營運成果 Segements Results

Unit: NT$ M

營業收入

NSB YoY

47%

Cloud/AloT

15,597

43%

Cloud/AloT

22,903

53%

2025 Q1

2026 Q1

Cloud/AloT	Opto-electronics	IT/CE
QoQ
YoY	OP YoY	60%

營業利益(Operating Profit)

LITEON

代管科技

1 2 3 4

1Q26 三大事業部門營運成果 Segements Results

Unit: NT$ M

營業收入

NSB YoY

2025 Q1

2026 Q1

Cloud/AloT

Opto-electronics

IT/CE

2025 Q1

2026 Q1

營業利益(Operating Profit)

483

505

LITEON

1 2 3 4

1Q26 三大事業部門營運成果 Segements Results

Unit: NT$ M

營業收入

NSB YoY

-5%

IT/CE

13,941

38%

IT/CE

13,296

30%

2025 Q1

2026 Q1

Cloud/AloT	Opto-electronics	IT/CE
QoQ	YoY	OP YoY

-25%

營業利益(Operating Profit

1,125

2025 Q1

2026 Q1

848

LITEON

元資料按

2026/3/31 簡明資產負債表

Robust Balance Sheet

QoQ

YoY

資產Assets

210,691

比較期: 205,687 (+5,004 +2%)

負債Liabilities

122,428

比較期: 115,709 (+6,719 +6%)

權益Equities

88,263

比較期: 89,979 (-1,715 -2%)

Unit: NT$ M

流動資產Current Assets

165,353

比較期: 164,021 (+1,332 +1%)

應收帳款Account receivable

42,971

比較期: 42,004 (+966 +2%)

存貨Inventory

43,946

比較期: 34,262 (+9,683 +28%)

流動負債Current Liabilities

116,511

比較期: 109,597 (+6,914 +6%)

短期借款Short-term Loans

13,521

比較期: 20,029 (-6,508 -32%)

應付帳款 Account Payable

58,598

比較期: 53,606 (+4,992 +9%)

財務指標 Financial Indicator

Year	2025		2026
	Q1	Q4	Q1
速動比例 (Quick Ratio)	1.26	1.15	1.01
流動比例 (Current Ratio)	1.53	1.5	1.42
淨現金 (Net Cash)	73,707	57,945	54,612
CCC	42	47	54
AR Days	77	86	79
Inventory Days	60	69	81

Profitable Revenue Growth & Margin Expansion driven by High-Value Cloud Business

Product Mix Optimization

1Q26 Product Mix

1Q22 Product Mix

Cloud/AloT
Opto-electronics
Information Technology & Consumer Electronics (IT/CE)

Profitability Growth with Margin Expansion

22.8%	10.5%	1.66
1Q26
Gross Margin*	1Q26
Operating Margin*	1Q26
EPS
17.1%	7.2%	0.92
1Q22
Gross Margin	1Q22
Operating Margin	1Q22
EPS

*Excluding one-off inventory write-down allowance: 1.05% of Q1 sales

1Q26 Executive Summary

【1Q26】

Q1 sales of NT$43.4 billion, up 19% YoY; the Cloud & AIoT delivered ~50% yearly growth.
Excluding one-off inventory write-down allowance, Gross Margin was 22.8% and Operating Margin was 10.5%, resulting from synergies of strong demand for AI infrastructure, continued global capacity expansion, enhanced high-value business, and intensive supply chain collaboration.
Q1 Net profits reached NT$3.78 billion and EPS of NT$1.66, up 10% YoY, reaching a five-year high for the same period.

【Core businesses】

Thanks to increased shipments of cloud computing products for AI server power management and energy storage solutions, cloud-related business has achieved over 70% revenue growth.
Core application in Opto-semiconductors enhanced continuously, driven by visible LED in cloud computing and invisible LED.
In IT&CE, shipments of high-end and LEO satellite power supplies increased yearly.

LITEON

Strengthening core businesses while advancing cross-border M&A and global expansion to support AI infrastructure and strategic growth

A. BOD has resolved to :

The U.S. investment of US$919 million for long-term investments in land, buildings, plant and equipment (PP&E), to expand energy products and production capacity supporting AI infrastructure.
The Vietnam subsidiary plans a cash capital increase of US$149 million to support business growth and CAPEX for capacity expansion.

B. Strategic CAPEX Expansion: Transforming from a Power Supplier to an AI System Integration Partner

Early deployment of next-gen AI technologies and capacity—including AI energy infrastructure, and system integration—to strengthen competitiveness and lay the foundation for industry transformation.
Expanding North American and global footprint to build key operating sites in core AI markets, supporting localized supply chains, stronger operational resilience and customer engagement.

C. Globalization of Fundraising :

Positioning ahead of potential AI infrastructure-related cross-border M&A, the Company is proactively advancing its global M&A and capital deployment framework to support long-term strategic growth.
To promote the internationalization and diversification of fundraising methods, AGM are requested to authorize the BOD, subject to prudent review and resolution, to act in accordance with applicable regulations and make relevant disclosures when funding needs arise.

LITEON

Operation Plan and Growth Strategy

Next-generation AI power management and energy storage system upgrades to accelerate growth momentum

LITEON

2Q26 Outlook: Core businesses are expected to deliver strong yearly and quarterly growth

1

With next-generation AI power and energy management systems upgrades, key modules for 50V Integrated Power Rack entering mass production: (8.5kW PSU & BBU, Sidecard, DC PDU)
Shipments of 110kW Power Shelf
Robust demand for 33kW Power Shelf
800VDC Power Rack undergoing certification, 2.5kW DCDC Power Bricks enter mass production in 2H

2

Strong momentum in high-end IT power supplies as well as the low-earth orbit (LEO) satellites, with LITEON positioned as a key supplier

COMPUTEX
TAIPEI
LTEON
光谱科技

LITEON® 6 AI

POWERING A BRIGHT AND
SUSTAINABLE FUTURE TOGETHER

LOCATION
Taipei Nangang
Exhibition Center, Hall1, 1F

BOOTH
DATE
J0617a
June 2~5

LITEON

Powering a Bright and Sustainable Future Together

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1Q26 Earnings Conference

1Q26 Financial Results

營業收入

Profitable Revenue Growth & Margin Expansion driven by High-Value Cloud Business

Product Mix Optimization

Profitability Growth with Margin Expansion

1Q26 Executive Summary

【1Q26】

【Core businesses】

Strengthening core businesses while advancing cross-border M&A and global expansion to support AI infrastructure and strategic growth

Operation Plan and Growth Strategy

Next-generation AI power management and energy storage system upgrades to accelerate growth momentum

2Q26 Outlook: Core businesses are expected to deliver strong yearly and quarterly growth

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LITEON® 6 AI

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Powering a Bright and Sustainable Future Together

1Q26 Earnings Conference

1Q26 Financial Results

營業收入

Profitable Revenue Growth & Margin Expansion driven by High-Value Cloud Business

Product Mix Optimization

Profitability Growth with Margin Expansion

1Q26 Executive Summary

【1Q26】

【Core businesses】

Strengthening core businesses while advancing cross-border M&A and global expansion to support AI infrastructure and strategic growth

Operation Plan and Growth Strategy

Next-generation AI power management and energy storage system upgrades to accelerate growth momentum

2Q26 Outlook: Core businesses are expected to deliver strong yearly and quarterly growth

1

2

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