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MediaTek Interim / Quarterly Report 2026
52094_rns_2026-04-30_05cbf96d-8fc0-42e3-8731-0fbeca30c9c5.pdf
Interim / Quarterly Report
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MEDIATEK
聯發科技 2026年第一季法人說明會
MediaTek 2026-Q1 Investor Conference
April 30, 2026
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2026-Q1 INVESTOR CONFERENCE
Safe Harbor Statement
These factors may cause actual results materially different from the information provided herein. The factors include the impact of competitive products and pricing, timely acceptance of products design by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry wide shifts in supply and demand for semiconductor products, market oversupply, availability of manufacturing capacity, financial stability in end markets, potential difficulties in talents retention, unexpected costs and expenses, any merger and acquisition associated uncertainties such as obtaining of regulatory approval or integration delay, loss of significant customers, involvement in legal or administrative proceedings, new regulations that may impact our business operation, fluctuations in foreign exchange rates, global economic conditions or non-economic conditions and any other risks factors.
This presentation also supplements Non Taiwan International Financial Reporting Standards(Non-TIFRS) financial measures which exclude share-based compensation, amortization of acquisition related assets, tax effect and other items. This supplemental information is for reference only, not as a substitute for information based on TIFRS. Your attention is called that final actual earnings distribution will be made in accordance with financial statements based on TIFRS.
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2026-Q1 INVESTOR CONFERENCE
Consolidated Revenue
(NT$ million)
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2026-Q1 INVESTOR CONFERENCE
Consolidated Gross Margin
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2026-Q1 INVESTOR CONFERENCE
Consolidated Operating Expenses
(NT$ million)
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2026-Q1 INVESTOR CONFERENCE
Consolidated Operating Income
(NT$ million)
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2026-Q1 INVESTOR CONFERENCE
Consolidated Operating Margin
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2026-Q1 INVESTOR CONFERENCE
Consolidated Net Income
(NT$ million)
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2026-Q1 INVESTOR CONFERENCE
Consolidated Net Profit Margin
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2026-Q1 INVESTOR CONFERENCE
Consolidated Earnings Per Share
(NT$)
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2026-Q1 INVESTOR CONFERENCE
Business Outlook
For 2026-Q2, we currently expect:
- Consolidated revenue: NT$140.2 billion ~ 149.2 billion, at a forecast exchange rate of 31.5 NT dollars to 1 US dollar
- Consolidated gross margin: 46% ± 1.5%
- Consolidated operating expense ratio: 31% ± 2%
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(TIFRS)
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
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2026-Q1 INVESTOR CONFERENCE
Consolidated Income Statement (Unaudited)
| (In NT$ millions, except EPS) | 1Q26 | 4Q25 | 1Q25 | Q-Q | Y-Y |
|---|---|---|---|---|---|
| Net Sales | 149,151 | 150,188 | 153,312 | (0.7%) | (2.7%) |
| Operating costs | (80,095) | (80,907) | (79,503) | ||
| Gross profit | 69,055 | 69,281 | 73,809 | (0.3%) | (6.4%) |
| Selling expenses | (5,015) | (5,529) | (4,990) | ||
| Administration expenses | (2,804) | (2,653) | (2,985) | ||
| R&D expenses | (38,345) | (39,248) | (35,782) | ||
| Operating expenses | (46,165) | (47,431) | (43,756) | ||
| Operating income | 22,891 | 21,850 | 30,053 | 4.8% | (23.8%) |
| Net non-operating income | 4,129 | 5,298 | 4,500 | ||
| Net income before income tax | 27,019 | 27,147 | 34,553 | ||
| Income tax expense | (2,643) | (4,074) | (5,024) | ||
| Net income | 24,376 | 23,074 | 29,529 | 5.6% | (17.4%) |
| Owners of the parent | 24,154 | 22,925 | 29,325 | 5.4% | (17.6%) |
| Non-controlling interests | 222 | 148 | 204 | ||
| EPS attributable to the parent(NT$) | 15.17 | 14.39 | 18.43 | ||
| Average Exchange Rate - USD/NTD | 31.62 | 31.05 | 32.88 |
Note: Sums may not equal totals due to rounding.
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2026-Q1 INVESTOR CONFERENCE
Supplemental Information: Percentage of Revenue
Note: Sums may not equal totals due to rounding.
| 1Q26 | 4Q25 | 1Q25 | |
|---|---|---|---|
| Gross profit | 46.3% | 46.1% | 48.1% |
| Selling expenses | (3.4%) | (3.7%) | (3.3%) |
| Administration expenses | (1.9%) | (1.8%) | (1.9%) |
| R&D expenses | (25.7%) | (26.1%) | (23.3%) |
| Operating income | 15.3% | 14.5% | 19.6% |
| Non-operating income | 2.8% | 3.5% | 2.9% |
| Income tax expense | (1.8%) | (2.7%) | (3.3%) |
| Net income | 16.3% | 15.4% | 19.3% |
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2026-Q1 INVESTOR CONFERENCE
Balance Sheet Summary (Unaudited)
| (In NT$ millions) | 1Q26 | 4Q25 | 1Q25 |
|---|---|---|---|
| Cash & financial assets-current | 194,779 | 247,709 | 210,445 |
| Accounts receivable | 79,245 | 62,119 | 79,152 |
| Inventories | 85,470 | 67,235 | 54,537 |
| Other current assets | 18,690 | 20,394 | 34,362 |
| Funds and investments | 172,265 | 168,912 | 169,494 |
| Intangible assets | 87,580 | 80,262 | 81,646 |
| Other non-current assets | 100,746 | 97,155 | 88,648 |
| Total assets | 738,776 | 743,785 | 718,284 |
| Short-term loans | 16,440 | 940 | 31,240 |
| Accounts payable | 49,559 | 48,710 | 40,808 |
| Other current liabilities | 243,808 | 253,700 | 224,493 |
| Total non-current liabilities | 30,522 | 31,240 | 25,951 |
| Total equity | 398,447 | 409,195 | 395,792 |
Note: Sums may not equal totals due to rounding.
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2026-Q1 INVESTOR CONFERENCE
Cash Flow Statement (Unaudited)
| (In NT$ millions) | 1Q26 | 4Q25 | 1Q25 |
|---|---|---|---|
| Net cash provided by (used in) operating activities | (17,657) | 64,520 | 13,423 |
| Net cash provided by (used in) investing activities | (4,091) | (16,639) | (7,533) |
| Net cash provided by (used in) financing activities | (31,138) | (14,579) | (16,140) |
| Effect of changes in exchange rate on cash and cash equivalents | 2,110 | 4,217 | 2,244 |
| Net increase (decrease) in cash and cash equivalents | (50,775) | 37,520 | (8,007) |
| Cash and cash equivalents at the end of the period | 184,515 | 235,290 | 195,689 |
Note: Sums may not equal totals due to rounding.
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Supplemental Information
Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment
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2026-Q1 INVESTOR CONFERENCE
Reconciliations Of TIFRS Results to Non-TIFRS Results
Note 2
| (In NT$ millions) | 1Q26 | 4Q25 | 1Q25 | Q-Q | Y-Y | |
|---|---|---|---|---|---|---|
| TIFRS | Operating income | 22,891 | 21,850 | 30,053 | 4.8% | (23.8%) |
| Operating income margin(%) | 15.3% | 14.5% | 19.6% | |||
| Reconciliations | Share-based compensation | 637 | 579 | 517 | ||
| Amortization of acquisition related assets | 38 | 38 | 95 | |||
| Non-TIFRS | Operating income | 23,566 | 22,467 | 30,665 | 4.9% | (23.1%) |
| Operating income margin (%) | 15.8% | 15.0% | 20.0% | |||
| TIFRS | Net income | 24,376 | 23,074 | 29,529 | 5.6% | (17.4%) |
| --- | --- | --- | --- | --- | --- | --- |
| Net income margin(%) | 16.3% | 15.4% | 19.3% | |||
| Net income- Owners of the parent | 24,154 | 22,925 | 29,325 | 5.4% | (17.6%) | |
| EPS(NT$) | 15.17 | 14.39 | 18.43 | |||
| Reconciliations | Share-based compensation | 637 | 579 | 517 | ||
| Amortization of acquisition related assets | 38 | 38 | 95 | |||
| Tax effect | (95) | (93) | (91) | |||
| Non-TIFRS | Net income | 24,957 | 23,598 | 30,049 | 5.8% | (16.9%) |
| Net income margin (%) | 16.7% | 15.7% | 19.6% | |||
| Net income- Owners of the parent | 24,719 | 23,434 | 29,830 | 5.5% | (17.1%) | |
| EPS(NT$) | 15.52 | 14.71 | 18.74 |
Note1: Sums may not equal totals due to rounding.
Note2: Non-TIFRS financial information should be considered in addition to, not as a substitute for, TIFRS financial information.
Reconciliations between TIFRS and Non-TIFRS results include share-based compensation, amortization of acquisition related assets, tax effect and other items. Earnings distribution is made in accordance with financial statements based on TIFRS.
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2026-Q1 INVESTOR CONFERENCE
Quarterly Product Group Revenue Breakdown
| Product Group* | 1Q26 Revenue Breakdown (Note 1) | In NTD revenue | In USD revenue | ||
|---|---|---|---|---|---|
| QoQ% | YoY% | QoQ% | YoY% | ||
| Mobile Phone | 49% | -17% | -15% | -18% | -12% |
| Smart Edge Platforms | 46% | 23% | 13% | 21% | 18% |
| Power IC | 5% | 14% | 11% | 12% | 16% |
| Total | 100% | -1% | -3% | -3% | 1% |
Note 1: Sums may not equal 100% due to rounding.
* Mobile Phone: 5G/4G/3G smartphone and feature phone
Smart Edge Platforms: Wireless/wired connectivity and SoC for router, broadband, PON, laptop, wireless headset, smart speaker and automotive; ARM-based computing and IoT; TV; customized service for consumer/enterprise platforms
Power IC: Power IC
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