Yageo's Q2 Operations Look Good, Orders and Shipments Better Than Average, AI Proportion Rises
Passive component giant Yageo benefited from strong demand for AI applications, achieving a record-high net profit attributable to the parent company of NT$8.001 billion in Q1, up 18.5% QoQ and 44.7% YoY, with EPS of NT$3.9. Yageo expects Q2 revenue to grow moderately from Q1, with gross and operating profit margins slightly increasing. The proportion of AI-related revenue is projected to rise from 12-13% in Q4 2025 to 13-14% in Q1 this year, and further to 15% by year-end.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 18:17
- 🔍 Collected: April 15, 2026 at 18:32 (14 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 20:08 (1h 36m after Collected)
Central News Agency
(Central News Agency, Taipei, April 15, reporter Zhong Rongfeng) Passive component giant Yageo benefited from strong demand for artificial intelligence (AI) applications, with standard and special products showing stable growth. Its Q1 net profit attributable to the parent company was NT$8.001 billion, setting a new high for the same period, an 18.5% increase QoQ and a 44.7% increase YoY, with earnings per share of NT$3.9.
Looking ahead to Q2, Yageo expects revenue to grow moderately from Q1, and gross profit margin and operating profit margin to slightly increase QoQ. Q2 orders and backlog remain stable, supporting Q2 revenue growth. In addition, market demand for AI continues to be strong, and overall standard and special products are expected to grow in Q2.
Regarding AI applications, Yageo pointed out that AI-related business accounted for about 12% to 13% in Q4 2025; it has increased to 13% to 14% in Q1 this year, and is expected to rise to 15% by the end of this year.
Speaking of rising passive component prices, Yageo pointed out that raw material prices have continued to rise since 2025. Yageo appropriately adjusted prices for some product lines starting in Q4 last year to maintain healthy financial performance. As the impact of geopolitical factors continues, the variable of rising prices will not disappear, and the company will continue to monitor relevant developments.
Regarding supply and demand, Yageo pointed out that the passive component market continues to be in short supply, with strong AI application business. Currently, the order-to-shipment ratio (B/B ratio) for all Yageo product lines is greater than 1, and the order-to-shipment ratio for AI application products is better than the average. The company will actively increase product utilization to meet the continued strong demand in the second half of the year.
Yageo's Q1 consolidated revenue was NT$38.166 billion, up 6.1% QoQ and 22.7% YoY, setting a new quarterly high; Q1 gross profit margin was 38.1%, the highest since Q4 2022, up 0.8 percentage points QoQ and 2.5 percentage points YoY.
Yageo's Q1 operating profit was NT$9.613 billion, and operating profit margin was 25.2%, the highest since Q4 2021, up 0.9 percentage points QoQ and 4.4 percentage points YoY; non-operating net income was NT$0.712 billion, mainly including net interest income of NT$0.303 billion and exchange gains of NT$0.185 billion.
Facing continuously rising raw material prices, Yageo pointed out that it will respond by improving operational efficiency and appropriately reflecting costs. Major geopolitical uncertainties still exist, customer inventories have reached a healthy level, and the company will cautiously respond to future economic conditions and closely monitor changes in tariffs and exchange rates of various countries. (Editor: Zhang Liangzhi) 1150415
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(Central News Agency, Taipei, April 15, reporter Zhong Rongfeng) Passive component giant Yageo benefited from strong demand for artificial intelligence (AI) applications, with standard and special products showing stable growth. Its Q1 net profit attributable to the parent company was NT$8.001 billion, setting a new high for the same period, an 18.5% increase QoQ and a 44.7% increase YoY, with earnings per share of NT$3.9.
Looking ahead to Q2, Yageo expects revenue to grow moderately from Q1, and gross profit margin and operating profit margin to slightly increase QoQ. Q2 orders and backlog remain stable, supporting Q2 revenue growth. In addition, market demand for AI continues to be strong, and overall standard and special products are expected to grow in Q2.
Regarding AI applications, Yageo pointed out that AI-related business accounted for about 12% to 13% in Q4 2025; it has increased to 13% to 14% in Q1 this year, and is expected to rise to 15% by the end of this year.
Speaking of rising passive component prices, Yageo pointed out that raw material prices have continued to rise since 2025. Yageo appropriately adjusted prices for some product lines starting in Q4 last year to maintain healthy financial performance. As the impact of geopolitical factors continues, the variable of rising prices will not disappear, and the company will continue to monitor relevant developments.
Regarding supply and demand, Yageo pointed out that the passive component market continues to be in short supply, with strong AI application business. Currently, the order-to-shipment ratio (B/B ratio) for all Yageo product lines is greater than 1, and the order-to-shipment ratio for AI application products is better than the average. The company will actively increase product utilization to meet the continued strong demand in the second half of the year.
Yageo's Q1 consolidated revenue was NT$38.166 billion, up 6.1% QoQ and 22.7% YoY, setting a new quarterly high; Q1 gross profit margin was 38.1%, the highest since Q4 2022, up 0.8 percentage points QoQ and 2.5 percentage points YoY.
Yageo's Q1 operating profit was NT$9.613 billion, and operating profit margin was 25.2%, the highest since Q4 2021, up 0.9 percentage points QoQ and 4.4 percentage points YoY; non-operating net income was NT$0.712 billion, mainly including net interest income of NT$0.303 billion and exchange gains of NT$0.185 billion.
Facing continuously rising raw material prices, Yageo pointed out that it will respond by improving operational efficiency and appropriately reflecting costs. Major geopolitical uncertainties still exist, customer inventories have reached a healthy level, and the company will cautiously respond to future economic conditions and closely monitor changes in tariffs and exchange rates of various countries. (Editor: Zhang Liangzhi) 1150415
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