JUSUNG Engineering

JUSUNG Engineering reported sharply weaker Q1 2026 results, with consolidated revenue down approximately 54.6% year-over-year to roughly KRW 54.9 billion. The company swung to an operating loss of about KRW 7.0 billion (operating margin -12.8%), a 120.7% deterioration versus the prior-year quarter, and posted a net loss of about KRW 1.2 billion. Management attributes the decline to increased R&D investment for future growth drivers and the timing of customer capex cycles. Semiconductor, solar cell, and display equipment remain the core business, with ALD/ALG deposition technology and next-generation tandem solar cell equipment (targeting >35% conversion efficiency) highlighted as strategic priorities. Equipment sales accounted for 81.1% of revenue (KRW 44.5 billion) while raw materials/parts contributed 18.9%.