Macronix Swings to Profit in Q1 as NAND Flash Revenue Surges 90%

Memory giant Macronix (MXIC) reported its Q1 2026 financial results, highlighting a return to profitability. The company posted a revenue of NT$10.469 billion, a 35% increase QoQ, with a net profit of NT$1.779 billion.

The primary driver was the NAND Flash segment, which grew by 90% QoQ. Within this segment, eMMC revenue rose by 94% and SLC NAND by 88%. Conversely, the ROM segment saw a 9% decline due to the Nintendo Switch lifecycle.

Chairman Miin Wu expressed optimism, stating that the supply-demand gap remains huge, and he expects stronger growth in Q2. Furthermore, Macronix revealed its products have passed certifications for the LEO satellite market.