Slides
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ADVANTECH Enabling an Intelligent Planet Advantech Investor Conference 研 華 科技 法人 說明 會 5th August , 2026 Edge Computing & Al - Powered WISE Solutions
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NT$ mn 2Q 2026 % 1Q 2026 % QOQ 2Q 2025 % YoY Net Sales 26,126 100.0% 20,385 100.0% 28% 17,836 100.0% 46% Gross Profit 9,845 37.7% 7,980 39.1% 23% 7,133 40.0% 38% Operating Expense 4,718 18.1% 4,251 20.9% 4,010 22.5% Operating Profit 5,127 19.6% 3,728 18.3% 38% 3,123 17.5% 64% Non-operating Items 463 1.8% 340 1.7% -630 -3.5% Pretax Profit 5,590 21.4% 4,068 20.0% 37% 2,493 14.0% 124% Tax Expenses 1,087 4.2% 750 3.7% 523 2.9% Net Income to Parent 4,518 17.3% 3,334 16.4% 36% 1,989 11.2% 127% EPS (NT$) 5.20 3.85 2.30 2Q26 & 1H26 Financial Results 2026年第二季暨上半年營運結果 1H26 % 1H25 % YoY 46,512 100.0% 35,187 100.0% 32% 17,825 38.3% 14,161 40.2% 26% 8,969 19.3% 8,113 23.1% 8,856 19.0% 6,047 17.2% 46% 802 1.7% -315 -0.9% 9,658 20.8% 5,733 16.3% 68% 1,837 3.9% 1,071 3.0% 7,852 16.9% 4,723 13.4% 66% 9.05 5.47 1H26 Both topline and bottom line achieved double-digit Yo Y growth, reaching record highs for the same period. OP% improved significantly Yo Y,benefiting from operating leverage. 2Q26 Revenue recorded double-digit growth both QoQ% and Yo Y%, reaching record high in single quarter. GP% declined in YoY, due to raw materials cost fluctuations. Though OP%% improved significantly Yo Y% driven by effective OPEX control. Outperformed in NP with 127% growth Yo Y. The effective tax rate for 2Q26 was 19.4%.
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US$mn 1H26 1H25 YoY % Rev % North America 432 332 +30% 29% Europe 233 180 +29% 16% China 353 235 +51% 24% North Asia 127 102 +24% 9% Taiwan 124 74 +67% 8% Asia & InterCon 141 106 +32% 10% Others 60 75 -19% 4% Total 1,470 1,104 +33% 100% 30% 29% 16% 16% 21% 24% 9% 9% 7% 8% 10% 10% 7% 4% 1 2 1H25 1H26 Others AInterCon Taiwan North Asia China Europe North America 1H26 Sales By Region North Asia US$mn 1H26 YoY AJP 65 +8% AKR 62 +48% Asia & InterCon US$mn 1H26 YoY AAU/NZ 8 +12% ASEAN 41 +74% India 14 +19% Russia & CIS 2 -55% LATAM 11 +11% ME&A 63 +34%
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1H26 Performance By Sector * unallocated expenses -$41 M US$ mn Revenue Rev. % YoY Gross Margin Operating Profit OP Margin IoT Automation (iAutomation) 100 7% +19 65%~70% 50 50% Intelligent Systems (iSystems) 546 37% +34 40%~45% 137 25% Embedded (Embedded) 510 35% +28 30%~35% 106 21% Intelligent Service (iService) 86 6% +2 35%~40% 7 8% Advantech Service+ /Others (AS+) 228 15% +75 20%~25% 21 9% Total 1,470 100% +33% 38.3% 280* 19.0% IAutomation YoY +19%: Resulted in strong performance across China, Taiwan, Europe, and ASEAN markets which benefited by Transportation, Factory automation and channel’s Projects. iSystems YoY +34%: Benefited from double-digit growth in Cloud infra, Network Security Equipment, Data Center and robust performance in Semi Equipment's across North America, China, and Taiwan. Embedded YoY +28%: Due to strong shipments in Medical, Semiconductor, Factory & Machine Automation, Energy, and distributors project resulted strong performance in North America, China, Europe, and Taiwan. iService YoY +2%: Supported by growth in Healthcare and Channel sectors in Europe , ME&A and Taiwan.
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Balance Sheet & Key Indices 2Q26 1Q26 2Q25 NT$ mn Amount % Amount % Amount % Cash & Cash Equivalents 18,728 20% 20,511 24% 20,763 28% Account receivable 15,604 17% 10,767 13% 10,494 14% Inventory 20,908 22% 15,389 18% 10,874 15% Total Assets 93,204 100% 83,769 100% 74,250 100% Account payable 14,525 16% 11,302 13% 7,449 10% ST debt 385 0% 385 0% 331 0% LT debt 1,554 2% 1,648 2% 1,579 2% Total Liabilities 37,750 41% 34,044 41% 26,359 36% Total Equity 55,454 59% 49,725 59% 47,891 64% Key Indices Inventory turnover days 101 97 93 AR turnover days 51 51 53 AP turnover days 70 69 62 CCC (cash conversion cycle) 82 79 84