Innolux Q2 Net Profit Hits Highest in Nearly 6 Quarters, EPS NT$0.57; H1 EPS NT$0.77

Taiwan-based panel giant Innolux (3481-TW) announced its Q2 financial results today, reporting a net profit of NT$4.532 billion, up 178% quarter-on-quarter and turning profitable year-on-year, with earnings per share (EPS) of NT$0.57. For the first half of the year, net profit reached NT$6.161 billion, a 29-fold year-on-year increase, with EPS of NT$0.77.

Innolux's Q2 revenue was NT$63.7 billion, down 4.42% quarter-on-quarter but up 13.28% year-on-year. Gross margin was 14.56%, up 0.13 percentage points from the previous quarter and 6.18 percentage points year-on-year. Operating profit was NT$1.633 billion, up 9% quarter-on-quarter and turning profitable year-on-year. Operating margin was 2.56%, up 0.32 percentage points from the previous quarter and turning positive from negative year-on-year.

For the first half of the year, revenue was NT$130.344 billion, up 16.21% year-on-year. Gross margin was 14.50%, up 6.52 percentage points year-on-year. Operating profit was NT$3.132 billion, down 255.26% year-on-year. Operating margin was 2.40%, up 4.20 percentage points year-on-year.

Innolux stated that although brand customers' procurement momentum slowed in Q2, the company improved gross margin and EBITDA margin slightly through product mix optimization and enhancement of high-margin businesses, achieving profitability for four consecutive quarters, demonstrating stable operational resilience and profitability.

By application, Q2 revenue was distributed as follows: automotive 39%, TV 27%, smartphone and commercial 16%, portable computers 15%, desktop monitors 3%. Revenue from display-related and non-display-related groups accounted for 60% and 40%, respectively. Within the display group, consumer and commercial displays accounted for 47% and 13% of revenue, respectively.