Uanya Q2 EPS of NT$4.62 Reaches Record High; Plans Additional Capital Expenditure, 2.5x Capacity Increase by Next Year

Uanya Photonics (3081-TW) held its earnings conference call this afternoon (12th), releasing its self-reported financial results for Q2 and the first half of 2026, along with future outlook. The company's Q2 net profit after tax reached NT$468 million, representing a 48% increase quarter-on-quarter and a remarkable 384% year-on-year growth. Earnings per share (EPS) stood at NT$4.62, setting a new record for quarterly profitability. Uanya attributed the strong performance primarily to the continuous contribution from silicon photonics products. With demand for silicon photonics continuing to rise, the company expects Q3 performance to surpass Q2.

Uanya's Q2 revenue reached NT$1.221 billion, up 35.1% quarter-on-quarter and 120.8% year-on-year. Gross margin improved to 57%, up 2 percentage points from the previous quarter and 14 points year-on-year. Operating margin rose to 47%, up 6 points QoQ and 20 points YoY, while net margin reached 38%, up 3 points QoQ and 21 points YoY. All three key financial ratios improved both sequentially and annually. Cumulative net profit for the first half of the year reached NT$786 million, up 465% year-on-year, with EPS at NT$7.75.

Jeff Yang, CFO and spokesperson of Uanya, stated that by product mix, DataCom products currently account for approximately 80%-85% of total revenue, with silicon photonics products making up the largest share. Telecom products contribute 5%-10%, and other products account for the remaining 5%.

Yang noted that demand for silicon photonics products remains very strong in Q3. As the company and its downstream contract manufacturers continue to expand capacity, silicon photonics shipments are expected to grow over the coming quarters. Analysts indicated that Uanya's Q3 performance will exceed both Q2 and the same period last year. The 1.6T product has already entered mass production, while the 3.2T product is under ongoing development with customers.

In response to analyst inquiries regarding current capacity and future expansion plans, Uanya stated that it has cumulatively announced nearly NT$6 billion in capital expenditures over the past three quarters, with additional capital spending planned for this year, pending board approval.

Yang expressed strong confidence in Uanya's global position in silicon photonics output, particularly in CW Laser-related products. The company expects its production capacity in 2027 to be 2.5 times that of 2026. Expansion beyond 2028 will depend on overall market developments.