Q1 2026 Earnings: Revenue NT$13.6B, EPS NT$3.36
Original: 2026年第1季財報 - 營收13,572,462千元, 稅後淨利14,231,209千元, EPS 3.36元
Summary
PSMC (Powerchip) reported Q1 2026 revenue of NT$13.6B with operating income of NT$14.2B and net income after tax of NT$14.2B, yielding basic EPS of NT$3.36. Operating income exceeding revenue is highly unusual and points to a substantial one-off gain (likely asset disposal, revaluation, or reclassification) rather than core wafer-foundry profitability, marking a standout quarter versus typical semiconductor sector margins.
Full Translation
Powerchip Semiconductor Manufacturing Corporation (PSMC, TWSE: 6770), a Taiwan-listed semiconductor foundry, released its Q1 2026 (ROC year 115) quarterly earnings filing on June 18, 2026. Revenue for the quarter came in at NT$13,572,462 thousand (NT$13.57 billion). Operating income was reported at NT$14,226,108 thousand (NT$14.23 billion), which notably exceeds top-line revenue — an anomaly that strongly suggests a sizable non-operating or extraordinary item booked within the operating line (possibly gains on asset disposal, investment property revaluation, or a reclassification entry). Non-operating income and expenses contributed an additional NT$105,805 thousand (NT$105.8 million). Net income after tax landed at NT$14,231,209 thousand (NT$14.23 billion), translating into basic earnings per share of NT$3.36 on a NT$10.00 par value common share. Given that PSMC's core foundry business operates on far thinner margins, investors should scrutinize the full financial statement footnotes to identify the source of the operating income figure before extrapolating this quarter's profitability into forward estimates.