Phison Earnings Call: Profits Soar, H1 EPS Hits Record NT$187.43, Proposes NT$60 Cash Dividend Per Share

Phison (8299-TW) held its earnings conference today (13th) and released its second-quarter financial report. Benefiting from continuously surging NAND prices, the quarterly gross margin surged to 65%, setting a new historical high. The quarterly net profit reached NT$26.217 billion, increasing 72.78% quarter-on-quarter and 3,419% year-on-year, with earnings per share (EPS) at NT$118.57—both achieving new records. The cumulative first-half EPS reached NT$187.43.

Phison's board of directors also resolved today on the first-half profit distribution plan, proposing a cash dividend of NT$60 per share. The payout ratio is 32%, with approximately NT$13.27 billion expected to be distributed in cash.

Phison's Q2 revenue was NT$67.888 billion, up 65.71% quarter-on-quarter and 279.47% year-on-year. Gross margin was 65.31%, up 3.49 percentage points quarter-on-quarter and 36.25 percentage points year-on-year. Operating margin was 38.84%, up 2.61 percentage points quarter-on-quarter and 25.73 percentage points year-on-year. Net profit was NT$26.217 billion, up 72.78% quarter-on-quarter and 3,419% year-on-year, with EPS at NT$118.57.

For the first half of the year, revenue totaled NT$108.855 billion, up 243.08% year-on-year. Gross margin was 63.8%, up 33.92 percentage points year-on-year. Operating margin was 37.86%, up 26.8 percentage points year-on-year. Net profit was NT$41.391 billion, up 2,095.8% year-on-year, with EPS at NT$187.43.

Phison added that Q2 operating expenses reached NT$17.965 billion, increasing compared to the previous and same period last year. This was primarily due to the company’s continued active investment in long-term technology and product development, including advanced process R&D, mask costs, AI storage and edge AI platform development, as well as recruitment of key talent and enhanced employee incentives. These represent proactive investments in future growth drivers.

Ongoing investments in R&D and talent deployment will help increase the proportion of high-value products, strengthen Phison’s competitive advantages, and support medium- to long-term revenue and profit growth. Phison has successfully captured market opportunities in this wave of AI advancement and will continue to expand its market share in AI-Ecosystem solutions.