Advantech Reports 1Q26 EPS of NT$3.85

Advantech (TWSE: 2395) today announced the following consolidated financial results for the first quarter of 2026 ending March 31:

· Gross profit             NT$7.980 billion, up 12% QoQ and up 14% YoY

· Operating profit       NT$3.728 billion, up 33% QoQ and up 28 % YoY

· Net income              NT$3.334 billion, up 7% QoQ and up 22% YoY

· Earnings per share  NT$3.85

Regarding the accumulated operating results of 1Q26 in US dollars, Advantech achieved an overall revenue of US$644 million, increased 22% YoY. On a regional basis, overall operations achieved double-digit year on year growth across all regions. North America, Europe, China, North Asia, Taiwan, and Emerging Markets increased 13%,19%,38%,15%,75%, and 24% YoY, respectively. In terms of business units, overall performance remained solid, led by Intelligent Systems Sector (iSystems), IoT Automation sector (iAutomation), and Embedded Sector, which grew 19%,19%, and 15% YoY, respectively. Furthermore, Embedded IoT Group (EIoT) and Applied Computing Group (ACG) increased by 23% and 5% in YoY. Intelligent Service Sector (iService) resulted in 3% YoY growth, mainly affected by slower project demand in North America healthcare and retail. 

Mr. Eric Chen, CFO and President of General Management at Advantech stated, “The overall Company’s Others-to-shipments ratio (B/B Ratio) in 1Q26 reached 1.77. Benefiting from supply chain volatility and anticipated price increases, customer ordering momentum remained active. The book-to-bill ratio across all three major regions continued to improve sequentially, with North America reaching 2.37, while Europe and China increased to 1.76 and 1.30, respectively. Looking forward to 2Q26 despite uncertainties stemming from geopolitical tensions in the Middle East, raw material cost fluctuations, and ongoing supply chain challenges, Advantech remains optimistic about its business outlook, supported by solid demand momentum and operational resilience. The Company will continue to deepen its “Edge Computing & AI-Powered WISE Solutions” strategy, working closely with global ecosystem partners to accelerate AI applications from edge to cloud, while strengthening technology innovation and operational resilience to drive steady growth.