Wiwynn Reports Over NT$29 Billion in First-Half Profit, Record High; Second-Half Capex Reaches $942 Million

Wiwynn (6669-TW) announced its latest financial report today (July 7), benefiting from robust AI demand. The company recorded a post-tax net profit of NT$29.084 billion in the first half of the year, representing a year-on-year increase of over 30%, with earnings per share reaching NT$156.38—setting a new historical high for the same period. Additionally, the board approved a total capital expenditure budget of $942 million (approximately NT$30.397 billion) for the second half of the year.

Wiwynn’s second-quarter revenue reached NT$278.153 billion, up 0.59% quarter-on-quarter and 26.01% year-on-year. Gross margin stood at 9.26%, increasing 1.71 percentage points from the previous quarter and 0.68 percentage points year-on-year. Operating margin was 7.27%, up 0.95 percentage points sequentially and 0.07 percentage points annually. Post-tax net profit amounted to NT$14.969 billion, up 6.06% quarter-on-quarter and 23.49% year-on-year, with earnings per share at NT$80.43.

Wiwynn noted that starting in April, certain customers shifted their memory procurement to a “consignment purchasing model,” under which related amounts are no longer included in revenue or cost of sales. Furthermore, the second quarter benefited from the introduction of new products, which boosted NRE (non-recurring engineering) revenue and further enhanced gross margin performance. The company stated it will continue discussions with clients to adjust business models in response to evolving AI product portfolios and rising component prices.

For the first half of the year, Wiwynn posted revenue of NT$554.66 billion, up 41.71% year-on-year. Gross margin was 8.41%, down 0.22 percentage points year-on-year. Operating margin was 6.79%, down 0.33 percentage points annually. Post-tax net profit reached NT$29.084 billion, up 32.7% year-on-year, with earnings per share at NT$156.38.

Wiwynn remains optimistic about the AI and data center markets. To support operational growth and global capacity planning, the board approved a consolidated capital expenditure budget of $942 million for the second half, primarily allocated to investments in power infrastructure, equipment, land, and facilities. Additionally, to strengthen working capital, the board approved the issuance of its first domestic unsecured convertible corporate bonds, up to a maximum of NT$15 billion. A separate syndicated credit facility of $1.5 billion was also approved.

Simultaneously, the board resolved that the ex-dividend trading date for the 2025 stock dividend distribution will be set for September 2.