Largan Q1 EPS NT$46.63, April-May Outlook Better Year-on-Year
Optical components maker Largan Precision reported Q1 net profit of NT$6.123 billion (EPS NT$46.63), a decrease from the previous quarter and year. The company forecasts April and May operations to be better year-on-year.
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- 📰 Published: April 16, 2026 at 17:10
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Taipei, April 16 (CNA) -- Optical component maker Largan Precision reported a net profit of NT$6.123 billion in the first quarter, down 9% quarter-on-quarter and 5% year-on-year, with earnings per share (EPS) of NT$46.63.
Chairman Lin En-ping stated on Thursday that April appears worse than March, and May will also be lower than April. However, he noted that operations in April and May are expected to be better than the same period last year.
Largan held its first-quarter earnings conference call today, hosted by Chairman Lin En-ping. First-quarter revenue was NT$15.544 billion, down 10% quarter-on-quarter and up 7% year-on-year. The gross margin was 49.4%, higher than the 47.75% in the fourth quarter of last year but lower than the 54.6% in the same period last year. Non-operating income was NT$1.475 billion, with a net profit for the period of NT$6.123 billion, down 9% quarter-on-quarter and 5% year-on-year, with an EPS of NT$46.63.
Regarding the shipment ratio of lenses, those with 20 megapixels or higher accounted for 10% to 20%, 10 to 20 megapixels accounted for 60% to 70%, below 8 megapixels accounted for less than 10%, and others accounted for 10% to 20%.
Largan pointed out that the decline in gross margin in the first quarter compared to the fourth quarter of last year was mainly due to a decrease in scale. Non-operating income mainly came from exchange gains of NT$390 million and interest income of about NT$1 billion.
Looking ahead to future operations, Lin En-ping stated that April appears worse than March, and May will also be lower than April. He added that current capacity utilization is not as good as in the fourth quarter, but it is still quite tight.
He said that operations in April and May look a bit better than the same period last year, but he cannot see June yet. The scrap rate in the first quarter improved compared to the fourth quarter of last year, but the yield was lower, fixed costs were higher, and electricity expenses increased.
Regarding the outlook for the gross margin in the second quarter, Lin En-ping said it depends on the models customers are ordering. If high-end models are ordered, the gross margin will be better. Yield improvements will also lead to progress. (Editor: Chang Liang-chih) 1150416
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Chairman Lin En-ping stated on Thursday that April appears worse than March, and May will also be lower than April. However, he noted that operations in April and May are expected to be better than the same period last year.
Largan held its first-quarter earnings conference call today, hosted by Chairman Lin En-ping. First-quarter revenue was NT$15.544 billion, down 10% quarter-on-quarter and up 7% year-on-year. The gross margin was 49.4%, higher than the 47.75% in the fourth quarter of last year but lower than the 54.6% in the same period last year. Non-operating income was NT$1.475 billion, with a net profit for the period of NT$6.123 billion, down 9% quarter-on-quarter and 5% year-on-year, with an EPS of NT$46.63.
Regarding the shipment ratio of lenses, those with 20 megapixels or higher accounted for 10% to 20%, 10 to 20 megapixels accounted for 60% to 70%, below 8 megapixels accounted for less than 10%, and others accounted for 10% to 20%.
Largan pointed out that the decline in gross margin in the first quarter compared to the fourth quarter of last year was mainly due to a decrease in scale. Non-operating income mainly came from exchange gains of NT$390 million and interest income of about NT$1 billion.
Looking ahead to future operations, Lin En-ping stated that April appears worse than March, and May will also be lower than April. He added that current capacity utilization is not as good as in the fourth quarter, but it is still quite tight.
He said that operations in April and May look a bit better than the same period last year, but he cannot see June yet. The scrap rate in the first quarter improved compared to the fourth quarter of last year, but the yield was lower, fixed costs were higher, and electricity expenses increased.
Regarding the outlook for the gross margin in the second quarter, Lin En-ping said it depends on the models customers are ordering. If high-end models are ordered, the gross margin will be better. Yield improvements will also lead to progress. (Editor: Chang Liang-chih) 1150416
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