Auriga Technology's Q1 Low-Earth Orbit Satellite Revenue Jumps 40% QoQ, Holds Two Quarters of Orders in Hand
Auriga Technology, a Low-Earth Orbit (LEO) satellite and millimeter-wave communication component manufacturer, reported a 40% quarter-on-quarter increase in LEO satellite product revenue for Q1 2024, with orders in hand for two quarters. A new Vietnam factory is set to begin production in Q3 2027.
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- 📰 Published: April 28, 2026 at 20:34
- 🔍 Collected: April 28, 2026 at 21:02 (28 min after Published)
- 🤖 AI Analyzed: April 28, 2026 at 21:05 (3 min after Collected)
(Central News Agency reporter Pan Chih-yi, Taipei, 28th) Chen Shu-min, Chairman of Auriga Technology, a Low-Earth Orbit (LEO) satellite and millimeter-wave communication component manufacturer, stated today at an investor conference that Q1 revenue from LEO satellite communication products increased by 40% quarter-on-quarter and surged by 131% year-on-year. The proportion of related revenue rose from 57% at the beginning of last year to 80% in Q1 this year. General Manager Wu Dong-yi added that current orders on hand cover two quarters, and existing production capacity can meet demand for the next two years. A new factory in Vietnam is expected to begin production in Q3 2027.
Benefiting from the continuous growth in global LEO satellite communication product shipments and optimized product mix, Auriga Technology announced its Q1 consolidated revenue for this year reached NT$1.02 billion, a 65% increase year-on-year, setting a new historical high for a single quarter. Q1 operational performance defied the typical off-season.
In terms of profitability, Auriga Technology's statistics show that Q1 gross profit margin increased to 58%, higher than 50.6% in the same period last year; operating profit reached NT$314 million, an 88% increase year-on-year; net profit after tax was NT$253 million, a 77% increase year-on-year; basic earnings per share were NT$3.68. Overall operations continued to show high growth. Among these, March's basic earnings per share were NT$1.35, a significant 45% increase from NT$0.93 in the same period last year.
Regarding technological progress, Auriga Technology achieved several important milestones in Q1, with optical inter-satellite link (OISL) related components formally entering mass production. OISL is considered a crucial key technology for new-generation LEO satellite systems to improve data transmission efficiency and enhance global coverage capabilities. Auriga Technology's mass production of related components also signifies that the company's technological布局 in high-end satellite communication components has gradually translated into substantial shipment results, further strengthening its critical position in the international LEO satellite and aerospace supply chain.
Leading foreign LEO satellite companies have also announced that OISL will be a crucial architecture for LEO constellations.
Chen Shu-min said that the market is focused on LEO satellite operator SpaceX's IPO fundraising, and she is optimistic about industry development. The demand for AI data centers is integrating into the development of the space economy, and the demand for space computing power will drive more market opportunities for supply chain components.
She explained that LEO satellites traditionally have high launch costs. However, Blue Origin, the American private aerospace company founded by Amazon founder Jeff Bezos, successfully recovered a satellite, representing a new entrant successfully breaking into the market. This suggests future satellite launch costs are expected to decrease, the number of LEO satellite launches is likely to increase, and demand for supply chain components will grow significantly.
Additionally, Amazon LEO launched 90 satellites in approximately one month over three recent missions, indicating increased demand for Auriga Technology. SpaceX and Amazon LEO orders are stable, and satellite-to-ground communication business accounts for 25% of LEO satellite business.
Wu Dong-yi, General Manager of Auriga Technology, stated that the company entered the LEO satellite or space industry in 2018, which is a highly forward-looking trend with high-quality customers. The company's millimeter-wave technology had a good grasp in 4G and 5G communication applications and was later further applied to LEO satellites. Although 30GHz and 100GHz bands are both millimeter-wave, LEO satellite bands refer to over 100GHz, where product precision is difficult to achieve, posing a technical threshold. LEO satellite components need to operate in space for at least 5 years to be easily accepted by customers, which is also an advantage for Auriga Technology.
Wu Dong-yi said that 80% of Auriga Technology's LEO satellite components are "in-space" satellite payload components, while about 20% are ground-based. Current orders on hand exceed two quarters. With Amazon launching about 400 LEO satellites this year, and 800 to 1000 planned for the full year, and 2027 expected to exceed 2026, plus inter-satellite launches in 2028 using multiple spectrum transmissions and large rockets for satellite transport, all will drive supply chain demand.
He added that besides the two major customers, the cumulative demand from many small and medium-sized customers is also considerable. Shipments of inter-satellite optical link communication components have begun, accounting for 25% of LEO satellite product revenue. For example, a customer doing direct-to-phone satellite communication, due to lack of broadband business, has high demand for satellite components. Also, a UK customer supplies high-power amplifiers to SpaceX, and multiple small power amplifiers synthesize into high-power amplifiers, all requiring a large number of components.
In terms of product structure, Auriga Technology explained that Q1 revenue from LEO satellite communication products increased by 40% compared to Q4 last year and by 131% compared to the same period last year. The proportion of related revenue increased from 57% at the beginning of last year to 80% in Q1 this year, indicating a continuous rise in demand for LEO satellite high-frequency communication and becoming an important driving force for the company's operational performance.
Furthermore, Auriga Technology participated in the Satellite 2026 conference held in Washington D.C. in March, showcasing new-generation LEO satellite payloads and millimeter-wave communication components. They engaged in technical exchanges and supply cooperation discussions for new-generation satellite development projects with various international satellite operators from North America, Europe, and Asia, including a key player that recently received FCC approval for thousands of LEO satellites. In response to the active satellite deployment needs of these key manufacturers, non-disclosure agreements (NDAs) were signed immediately after the exhibition, and discussions on specifications for new development projects commenced.
Looking ahead, as the LEO satellite industry accelerates from the deployment phase to large-scale commercial operation, its application scope continues to expand from complementing remote area communication to diversified scenarios such as maritime communication, aviation networking, enterprise private networks, and direct-to-phone services. This drives the overall market demand into a long-term structural growth trajectory.
Auriga Technology, by mastering international-level key customer groups, fully covering the three major system architectures of satellite payload, ground station (Gateway), and user terminal (UT), and extending to high-end applications such as optical inter-satellite links (OISL), satellite telemetry, tracking, and command (TT&C), and direct-to-cell (DTC), coupled with advantages in R&D, manufacturing, mass production delivery, and global production layout, can further deepen customer dependence and expand its cooperation footprint. It is expected to become a niche company best positioned to capture LEO satellite industry growth opportunities. (Edited by Yang Kai-hsiang) 1150428
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Benefiting from the continuous growth in global LEO satellite communication product shipments and optimized product mix, Auriga Technology announced its Q1 consolidated revenue for this year reached NT$1.02 billion, a 65% increase year-on-year, setting a new historical high for a single quarter. Q1 operational performance defied the typical off-season.
In terms of profitability, Auriga Technology's statistics show that Q1 gross profit margin increased to 58%, higher than 50.6% in the same period last year; operating profit reached NT$314 million, an 88% increase year-on-year; net profit after tax was NT$253 million, a 77% increase year-on-year; basic earnings per share were NT$3.68. Overall operations continued to show high growth. Among these, March's basic earnings per share were NT$1.35, a significant 45% increase from NT$0.93 in the same period last year.
Regarding technological progress, Auriga Technology achieved several important milestones in Q1, with optical inter-satellite link (OISL) related components formally entering mass production. OISL is considered a crucial key technology for new-generation LEO satellite systems to improve data transmission efficiency and enhance global coverage capabilities. Auriga Technology's mass production of related components also signifies that the company's technological布局 in high-end satellite communication components has gradually translated into substantial shipment results, further strengthening its critical position in the international LEO satellite and aerospace supply chain.
Leading foreign LEO satellite companies have also announced that OISL will be a crucial architecture for LEO constellations.
Chen Shu-min said that the market is focused on LEO satellite operator SpaceX's IPO fundraising, and she is optimistic about industry development. The demand for AI data centers is integrating into the development of the space economy, and the demand for space computing power will drive more market opportunities for supply chain components.
She explained that LEO satellites traditionally have high launch costs. However, Blue Origin, the American private aerospace company founded by Amazon founder Jeff Bezos, successfully recovered a satellite, representing a new entrant successfully breaking into the market. This suggests future satellite launch costs are expected to decrease, the number of LEO satellite launches is likely to increase, and demand for supply chain components will grow significantly.
Additionally, Amazon LEO launched 90 satellites in approximately one month over three recent missions, indicating increased demand for Auriga Technology. SpaceX and Amazon LEO orders are stable, and satellite-to-ground communication business accounts for 25% of LEO satellite business.
Wu Dong-yi, General Manager of Auriga Technology, stated that the company entered the LEO satellite or space industry in 2018, which is a highly forward-looking trend with high-quality customers. The company's millimeter-wave technology had a good grasp in 4G and 5G communication applications and was later further applied to LEO satellites. Although 30GHz and 100GHz bands are both millimeter-wave, LEO satellite bands refer to over 100GHz, where product precision is difficult to achieve, posing a technical threshold. LEO satellite components need to operate in space for at least 5 years to be easily accepted by customers, which is also an advantage for Auriga Technology.
Wu Dong-yi said that 80% of Auriga Technology's LEO satellite components are "in-space" satellite payload components, while about 20% are ground-based. Current orders on hand exceed two quarters. With Amazon launching about 400 LEO satellites this year, and 800 to 1000 planned for the full year, and 2027 expected to exceed 2026, plus inter-satellite launches in 2028 using multiple spectrum transmissions and large rockets for satellite transport, all will drive supply chain demand.
He added that besides the two major customers, the cumulative demand from many small and medium-sized customers is also considerable. Shipments of inter-satellite optical link communication components have begun, accounting for 25% of LEO satellite product revenue. For example, a customer doing direct-to-phone satellite communication, due to lack of broadband business, has high demand for satellite components. Also, a UK customer supplies high-power amplifiers to SpaceX, and multiple small power amplifiers synthesize into high-power amplifiers, all requiring a large number of components.
In terms of product structure, Auriga Technology explained that Q1 revenue from LEO satellite communication products increased by 40% compared to Q4 last year and by 131% compared to the same period last year. The proportion of related revenue increased from 57% at the beginning of last year to 80% in Q1 this year, indicating a continuous rise in demand for LEO satellite high-frequency communication and becoming an important driving force for the company's operational performance.
Furthermore, Auriga Technology participated in the Satellite 2026 conference held in Washington D.C. in March, showcasing new-generation LEO satellite payloads and millimeter-wave communication components. They engaged in technical exchanges and supply cooperation discussions for new-generation satellite development projects with various international satellite operators from North America, Europe, and Asia, including a key player that recently received FCC approval for thousands of LEO satellites. In response to the active satellite deployment needs of these key manufacturers, non-disclosure agreements (NDAs) were signed immediately after the exhibition, and discussions on specifications for new development projects commenced.
Looking ahead, as the LEO satellite industry accelerates from the deployment phase to large-scale commercial operation, its application scope continues to expand from complementing remote area communication to diversified scenarios such as maritime communication, aviation networking, enterprise private networks, and direct-to-phone services. This drives the overall market demand into a long-term structural growth trajectory.
Auriga Technology, by mastering international-level key customer groups, fully covering the three major system architectures of satellite payload, ground station (Gateway), and user terminal (UT), and extending to high-end applications such as optical inter-satellite links (OISL), satellite telemetry, tracking, and command (TT&C), and direct-to-cell (DTC), coupled with advantages in R&D, manufacturing, mass production delivery, and global production layout, can further deepen customer dependence and expand its cooperation footprint. It is expected to become a niche company best positioned to capture LEO satellite industry growth opportunities. (Edited by Yang Kai-hsiang) 1150428
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