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NOVATEK — Earnings Release 2026
Jun 2, 2026
52267_rns_2026-06-02_e644f3ae-7fe3-4710-862e-a547b5633356.pdf
Earnings Release
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NOVATEK
聯詠科技股份有限公司
NOVATEK MICROELECTRONICS CORP.
FOR IMMEDIATE RELEASE
May 7th, 2026
David Chen
Novatek, Investor Relations
Phone: +886 3 567 0889 ext 25212
Contact: [email protected]
Website: www.novatek.com.tw
Novatek Announces 2026 First Quarter Consolidated Financial Result & 2026 Second Quarter Outlook:
First Quarter Revenue & PAT Reached
NT$23.15B & NT$3.77B Respectively
With EPS of NT$6.19
Hsin-chu, Taiwan, ROC – May 7th, 2026 – Novatek (TSE:3034), a leading global smart display and image total solution provider, today announced its first quarter consolidated financial result of 2026 and the second quarter outlook during the investor conference.
The first quarter revenue was up by 1.44% quarter-over-quarter to NT$23.15 billion from NT$22.82 billion in Q4'25, but decreased by 14.66% year-over-year from NT$27.12 billion in Q1'25. In the first quarter, smartphone demand weakened amid tight memory supply and rising costs; however, growth in the SoC business partially offset the impact, resulting in a slight increase in revenue. The first quarter gross margin slightly increased by 0.87%p quarter-over-quarter from 38.19% in Q4'25 to 39.06%, helped by better product mix.
First quarter operating expenses increased quarter-over-quarter to NT$5.01 billion from NT$4.85 billion in Q4'25, but decreased year-over-year from NT$5.09 billion in Q1'25. First quarter operating income increased quarter-over-quarter to NT$4.03 billion from NT$3.86 billion in Q4'25, but decreased year-over-year from NT$5.69 billion in Q1'25.
Novatek's 2026 Q1 net income increased by 2.1% quarter-over-quarter to NT$3.77 billion, but decreased by 28.4% year-over-year from NT$5.26 billion in Q1'25. Earnings per share for Q1'26 were NT$6.19, compared with NT$6.07 in Q4'25.
Novatek's Board of Directors proposed a cash dividend of NT$23 per common share, with total amount of NT$13,995,763,787, which resulted in a payout ratio of 85.61%.
Management expects overall performance for the second quarter of 2026 to be as follows:
Revenue is expected to be between NT$27.5 billion and NT$28.5 billion
(based on the exchange rate @1:31.3)
Gross profit margin is expected to be between 38% and 41%
Operating profit margin is expected to be between 16% and 19%
NOVATEK
聯詠科技股份有限公司
NOVATEK MICROELECTRONICS CORP.
Sales & Profits
| Million NT dollars | 1Q'26 | QoQ | 4Q'25 | 1Q'25 | YoY |
|---|---|---|---|---|---|
| Net Sales | 23,145 | 1.44% | 22,817 | 27,120 | -14.66% |
| Net Gross Profit | 9,040 | 3.75% | 8,713 | 10,783 | -16.16% |
| (Margin %) | 39.06 | 0.87p | 38.19 | 39.76 | -0.7p |
| Operating Income | 4,028 | 4.33% | 3,861 | 5,696 | -29.28% |
| Net Income | 3,767 | 2.09% | 3,690 | 5,264 | -28.44% |
| EPS (NT$) | 6.19 | 6.07 | 8.65 |
Sales Breakdown by Product
| Million NT dollars | 1Q'26 | QoQ | 4Q'25 | 1Q'25 | YoY |
|---|---|---|---|---|---|
| SoC | 10,240 | 26.51% | 8,094 | 10,066 | 1.73% |
| Driver IC | 12,933 | -12.27% | 14,742 | 16,838 | -23.19% |
| Total | 23,173 | 1.48% | 22,836 | 26,904 | -13.87% |
About Novatek
Novatek is a trustworthy partner and a dedicated total solution provider in the Smart Imaging and Smart Display technology. Established in 1997, the company is the world's largest supplier of display related chips and is ranked as the world $9^{\text{th}}$ largest and Taiwan 3rd largest IC fabless design company in terms of sales revenue in 2025 (TW. 3034). For more information, please visit the company's website at www.novatek.com.tw.
NOVATEK
珈蕨科技股份有限公司
Novatek Microelectronics Corp. Financial Report 2026 Q1
Issued in May 2026
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NOVATEK
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Monthly Sales
| (Unit: NT$M) | |||
|---|---|---|---|
| 2026 | 2025 | + (-) % | |
| January | 7,617 | 8,481 | -10% |
| February | 7,059 | 9,267 | -24% |
| March | 8,469 | 9,372 | -10% |
| April | 9,225 | 9,120 | 1% |
| May | 8,607 | ||
| June | 8,425 | ||
| July | 8,120 | ||
| August | 8,175 | ||
| September | 8,278 | ||
| October | 7,879 | ||
| November | 7,619 | ||
| December | 7,320 | ||
| Total: | 32,370 | 100,663 | -15% |
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NOVATEK
聯盟科技股份有限公司
Sales Breakdown By Products
| (Unit: NT$M) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Product | 2026/Q1 | 2025/Q4 | 2025/Q3 | 2025/Q2 | 2025/Q1 | |||||
| AMT | % | AMT | % | AMT | % | AMT | % | AMT | % | |
| SOC | 10,240 | 44 | 8,094 | 35 | 9,039 | 37 | 9,606 | 37 | 10,066 | 37 |
| DRIVER | 12,933 | 56 | 14,742 | 65 | 15,454 | 63 | 16,426 | 63 | 16,838 | 62 |
| Total: | 23,172 | 100 | 22,836 | 100 | 24,492 | 100 | 26,031 | 100 | 26,904 | 99 |
| OTHERS | 2 | 0 | 40 | 0 | 166 | 1 | 158 | 1 | 303 | 1 |
| Return & Allowance | (29) | (0) | (60) | (0) | (84) | (0) | (37) | (0) | (87) | (0) |
| Grand Total: | 23,145 | 100 | 22,817 | 100 | 24,574 | 100 | 26,152 | 100 | 27,120 | 100 |
| Growth | 1% | -7% | -6% | -4% | 7% |
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NOVATEK
珈蕊科技股份有限公司
Consolidated Income Statement (Q1 YoY)
(Unit: NT$M)
| 2026/Q1 | % | 2025/Q1 | % | Growth % | |
|---|---|---|---|---|---|
| Net sales | 23,145 | 100.00 | 27,120 | 100.00 | (14.66) |
| Cost of good sold | (14,105) | (60.94) | (16,337) | (60.24) | (13.66) |
| Gross Profit | 9,040 | 39.06 | 10,783 | 39.76 | (16.16) |
| Operating Exp. | (5,012) | (21.66) | (5,087) | (18.76) | (1.47) |
| Selling & Adm. | (736) | (3.18) | (784) | (2.89) | (6.08) |
| R & D Exp. | (4,276) | (18.48) | (4,303) | (15.87) | (0.63) |
| Operating Income | 4,028 | 17.40 | 5,696 | 21.00 | (29.29) |
| Net Non-Operating | 362 | 1.57 | 445 | 1.64 | (18.67) |
| Income Before Tax | 4,389 | 18.97 | 6,141 | 22.64 | (28.52) |
| Income Tax Exp. | (622) | (2.69) | (877) | (3.23) | (29.04) |
| Net Income | 3,767 | 16.28 | 5,264 | 19.41 | (28.43) |
| EPS(NT$) | 6.19 | 8.65 |
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NOVATEK
2
聯盟科技股份有限公司
Consolidated Income Statement (QoQ)
(Unit: NT$M)
| 2026/Q1 | % | 2025/Q4 | % | Growth % | |
|---|---|---|---|---|---|
| Net sales | 23,145 | 100.00 | 22,817 | 100.00 | 1.44 |
| Cost of good sold | (14,105) | (60.94) | (14,104) | (61.81) | 0.01 |
| Gross Profit | 9,040 | 39.06 | 8,713 | 38.19 | 3.75 |
| Operating Exp. | (5,012) | (21.66) | (4,851) | (21.26) | 3.32 |
| Selling & Adm. | (736) | (3.18) | (691) | (3.03) | 6.52 |
| R & D Exp. | (4,276) | (18.48) | (4,160) | (18.23) | 2.79 |
| Operating Income | 4,028 | 17.40 | 3,861 | 16.92 | 4.30 |
| Net Non-Operating | 362 | 1.57 | 554 | 2.43 | (34.70) |
| Income Before Tax | 4,389 | 18.97 | 4,415 | 19.35 | (0.59) |
| Income Tax Exp. | (622) | (2.69) | (726) | (3.18) | (14.25) |
| Net Income | 3,767 | 16.28 | 3,690 | 16.17 | 2.10 |
| EPS(NT$) | 6.19 | 6.07 |
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NOVATEK
珈蕊科技股份有限公司
Key Financial Numbers
| (Unit: NT$M) | |||||
|---|---|---|---|---|---|
| 2026/3/31 | 2025/12/31 | 2025/09/30 | 2025/06/30 | 2025/03/31 | |
| Net Cash | 48,919 | 42,419 | 39,657 | 54,719 | 53,230 |
| QoQ Change | 6,500 | 2,762 | (15,063) | 1,489 | 4,459 |
| Notes & Accounts receivable | 17,924 | 21,099 | 20,568 | 19,907 | 20,376 |
| QoQ Change | (3,175) | 531 | 661 | (469) | 102 |
| Inventory | 10,851 | 8,641 | 9,201 | 9,178 | 9,598 |
| QoQ Change | 2,210 | (560) | 23 | (420) | 897 |