Focus Stock: Winkey's Strong Performance Expected to Continue in Second Half, Breaking Through 10-Day MA Against Market Trend

Winkey (6417-TW), a wireless RF RFID solutions provider, has reported record-breaking revenues for three consecutive quarters. The company has announced an ex-dividend date of August 4 for last year's dividend of 2.4 TWD per share. With continued optimism for its second-half performance, Winkey's stock price rose逆势 on August 23, briefly reaching 123 TWD and breaking through both the 5-day and 10-day moving averages.

Currently, Winkey's revenue contribution from RFID applications in the medical sector has surged to 36%. Its second-half performance remains bullish, with monthly revenue expected to exceed 170 million TWD.

The operational synergies from Winkey's relocation to its new facility in Taichung's Dali District are being fully realized, supported by a rebound in medical application demand. Quarterly revenues have consecutively reached new highs in Q4 2025 and Q1 2026. June 2026 revenue reached 169 million TWD, the second-highest monthly record in history, pushing Q2 2026 revenue to 506 million TWD — a new quarterly record and the first time exceeding the 500 million TWD threshold.

Winkey's revenue for June 2026 was 169 million TWD, up 2.76% month-on-month and 26.62% year-on-year, marking the second-highest monthly revenue in history. Q2 2026 revenue reached 506 million TWD, up 18.36% quarter-on-quarter and 23.97% year-on-year, marking the third consecutive quarter of record highs. Cumulative revenue for January to June 2026 reached 934 million TWD, up 20.12% year-on-year.

Winkey achieved a new milestone in Q2 2026, marking three consecutive quarters of record-breaking performance. With the launch of its new BLE TAG product for Ambient IoT, shipments are expected to grow exponentially in the second half, with monthly revenue projected to start from 170 million TWD. Based on current order and shipment trends, Q2 2026 is expected to set another new high. Full-year 2026 revenue is projected to surpass 2025's record of 1.607 billion TWD.

Meanwhile, Winkey is actively expanding overseas, with analysts forecasting strong performance in the second half of 2026. First-half 2026 EPS is estimated at 3.5 TWD, with full-year EPS expected to reach 7–7.5 TWD. The company aims to fully recover its equity capital by 2027.

Winkey delivered strong operational results in Q1 2026. Benefiting from steadily increasing industrial demand and mass production of new consumer products, revenue reached 428 million TWD. Gross margin improved to 34.57%, up 2.01 percentage points quarter-on-quarter and 2 percentage points year-on-year. Q1 2026 net profit after tax reached 70.79 million TWD, a record high, up 5.97% quarter-on-quarter and 32.06% year-on-year. EPS was 1.67 TWD. Analysts expect Q2 profits to exceed Q1 levels, driven by expanded operations and favorable exchange rate impacts.