Slides
Page 1
Advantech 3Q26 Online Investor Conference 研華2026年第三季法人說明會 November 4th, 2026
Page 3
NT$ mn 3Q 2026 % 2Q 2026 % QOQ 3Q 2025 % YoY Net Sales 32,440 100.0% 26,126 100.0% 24% 17,774 100.0% 83% Gross Profit 11,896 36.7% 9,845 37.7% 21% 6,908 38.9% 72% Operating Expense 5,101 15.7% 4,718 18.1% 4,199 23.6% Operating Profit 6,795 20.9% 5,127 19.6% 33% 2,708 15.2% 151% None-operating Items 1,106 3.4% 463 1.8% 568 3.2% Pretax Profit 7,901 24.4% 5,590 21.4% 41% 3,276 18.4% 141% Tax Expenses 1,700 5.2% 1,087 4.2% 531 3.0% Net Income to Parent 6,218 19.2% 4,518 17.3% 38% 2,766 15.6% 125% EPS (NT$) 7.15 5.20 3.20 3Q26 Financial Results 2026年第三季營運結果 YT3Q2026 % YT3Q2025 % YoY 78,952 100.0% 52,961 100.0% 49% 29,721 37.6% 21,069 39.8% 41% 14,070 17.8% 12,313 23.2% 15,651 19.8% 8,756 16.5% 79% 1,908 2.4% 253 0.5% 17,559 22.2% 9,009 17.0% 95% 3,536 4.5% 1,602 3.0% 14,070 17.8% 7,489 14.1% 88% 16.21 8.67 3Q26 YTM Both top line and bottom line outperformed with strong double digits growth YoY . GP% declined while OP% increased significantly as compared to same period last year. 3Q26 Both top line and bottom line resulted in strong YoY growth by 83% and 125%, respectively, which have reached the record high in single quarter. GP% declined due to higher material costs, while OP% benefited from strong operating leverage and disciplined OPEX control. None-Operating income consisted of dividend income, FX gain ,and one-time disposal gain. Effective Tax Rate was 21.5%.
Page 4
US$mn 3Q26 3Q25 YoY % Rev % North America 822 519 +58% 33% Europe 377 276 +36% 15% China 556 358 +55% 22% North Asia 220 154 +43% 9% Taiwan 196 114 +72% 8% Asia & InterCon 223 163 +37% 9% Others 91 113 -20% 4% Total 2,485 1,697 +46% 100% 31% 33% 16% 15% 21% 22% 9% 9% 7% 8% 10% 9% 6% 4% 1 2YTM3Q25 YTM3Q26 Others AInterCon Taiwan North Asia China Europe North America 3Q26YTM Sales By Region North Asia US$mn YTM 3Q26 YoY AJP 119 +31% AKR 101 +61% Asia & InterCon US$mn YTM 3Q26 YoY AAU/NZ 14 +19% ASEAN 67 +75% India 25 +33% LATAM 20 +15% ME&A & Others 98 +27%
Page 5
3Q26YTM Performance By Sector * unallocated expenses -$51 M US$ mn Revenue Rev. % YoY Gross Margin Operating Profit OP Margin IoT Automation (iAutomation) 156 6% +25% 65%~70% 89 57% Intelligent Systems (iSystems) 1,030 42% +49% 40%~45% 237 23% Embedded (Embedded) 798 32% +40% 30%~35% 176 22% Intelligent Service (iService) 136 5% +7% 30%~35% 13 10% Advantech Service+ /Others (AS+) 365 15% +95% 21%~25% 28 8% Total 2,485 100% +46% 37.6% 492* 19.8% IAutomation YoY +25%: Driven by Factory Automation in North America, China, and Taiwan, along with strong growth in channel’s projects in Transportation. iSystems YoY +49%: Supported by strong growth in Semiconductor Equipment projects across regions and Cloud Infra and Data Center projects in North America; while distributors in China and Korea markets’ demands continue to grow in Robotics and AI. Embedded YoY +40%: Growth was driven by Medical Equipment across North America, Europe, China, and ME&A, also supported by strong Machine Automation performance ,and double-digit growth in Semiconductor Equipment, Video Solutions, and Mission Critical. iService YoY +7%: Benefited from growth in Healthcare, along with a recovery in Distributors across China and ME&A, partially offset by declines in Retail and Hospitality.
Page 6
Balance Sheet & Key Indices 3Q26 2Q26 3Q25 NT$ mn Amount % Amount % Amount % Cash & Cash Equivalents 18,095 18% 18,728 20% 14,726 21% Account receivable 18,581 19% 15,604 17% 11,056 16% Inventory 23,018 23% 20,908 22% 11,047 16% Total Assets 98,985 100% 93,204 100% 70,053 100% Account payable 14,425 15% 14,525 16% 7,084 10% ST debt 5,703 6% 385 0% 351 1% LT debt 1,466 1% 1,554 2% 1,553 2% Total Liabilities 36,224 37% 37,750 41% 18,556 26% Total Equity 62,761 18% 55,454 59% 51,497 74% Key Indices Inventory turnover days 95 101 93 AR turnover days 51 51 55 AP turnover days 60 70 60 CCC (cash conversion cycle) 86 82 84
Page 7
Based on the exchange rate assumption of US$1 to NT$31.8, managements expect the 4Q26 Outlook as below: Items 4Q26 Estimation Consolidated Revenue US$970M ~ US$990M Gross Margin 36.0% ~ 38.0% Operating Margin% 18.0% ~ 20.0% 4Q26 Outlook
Page 8
IR@advantech.com.tw www.advantech.com