Nanmao's Q1 Profit Hits 10-Quarter High, Benefiting from AI Data Center Demand
Nanmao, a panel driver IC and memory packaging and testing company, reported a net profit of NT$505 million in the first quarter of 2024, a 1% increase quarter-on-quarter and the highest in 10 quarters. The company anticipates stronger performance in the second half of the year, driven by demand from AI cloud and data center applications, as well as edge AI devices.
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- 📰 Published: May 12, 2026 at 21:29
- 🔍 Collected: May 12, 2026 at 22:02 (33 min after Published)
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Central News Agency (Reporter Zhong Rong-feng, Taipei, 12th) Panel driver IC and memory packaging and testing manufacturer Nanmao today announced its Q1 financial report. The net profit attributable to owners of the parent company for the single quarter was NT$505 million, a 1% increase quarter-on-quarter, marking the highest point since Q4 2023. Basic earnings per share were NT$0.72.
Nanmao's consolidated revenue for Q1 was NT$6.936 billion, a 6.4% increase quarter-on-quarter, setting a new record high for the same period in history and also the highest single-quarter revenue since Q4 2021. The gross profit margin for the single quarter was 13.8%, a 0.5 percentage point decrease quarter-on-quarter.
Looking ahead to this year's operations, Nanmao previously stated that momentum remains relatively stable, expecting operations in the second half of the year to be better than the first half. The company is optimistic about enterprise-grade memory demand driven by AI cloud and data center applications, and also anticipates memory demand from edge AI devices. (Edited by Lin Chia-hsien) 1150512
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Nanmao's consolidated revenue for Q1 was NT$6.936 billion, a 6.4% increase quarter-on-quarter, setting a new record high for the same period in history and also the highest single-quarter revenue since Q4 2021. The gross profit margin for the single quarter was 13.8%, a 0.5 percentage point decrease quarter-on-quarter.
Looking ahead to this year's operations, Nanmao previously stated that momentum remains relatively stable, expecting operations in the second half of the year to be better than the first half. The company is optimistic about enterprise-grade memory demand driven by AI cloud and data center applications, and also anticipates memory demand from edge AI devices. (Edited by Lin Chia-hsien) 1150512
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