Primax Reports 3Q26 Financial Results and Business Outlook

Primax Electronics Ltd. (TWSE: 4915) today reported its Q3 2026 results. Consolidated revenue reached NT$18.231 billion, up 14.8% year over year (YoY). Gross margin was 13.4%, operating margin was 2.0%, and earnings per share (EPS) was NT$0.83. For the first nine months of 2026, revenue totaled NT$51.361 billion, up 13.5% YoY. Gross margin was 14.7% and operating margin was 3.3%, down 2.5 and 1.6 percentage points YoY, respectively. Net income after tax was NT$1.57 billion, with EPS of NT$3.38.Q3 profitability was affected by changing PC demand, higher key component costs, and foreign exchange fluctuations. Primax will strengthen cost management, optimize its product mix and resource allocation, and develop higher-value products and solutions to improve profitability.

In Q3 2026, IT, Smart Lifestyle, and Automotive / AIoT products accounted for 41%, 27%, and 32% of revenue, respectively.

“While our third-quarter gross margin fell short of expectations, we value the concerns of the market and our investors,” said Jack Pan, Chairman of Primax. “We will strengthen our core business competitiveness and direct resources toward markets with greater growth potential and higher value-added opportunities to improve gross margin and long-term earnings quality.”

Primax combines its vision technology capabilities with Tymphany’s audio expertise, AI Sensor Fusion (AISF™), edge computing, system integration. Its capabilities span key modules, subsystems, and integrated solutions, supporting customer adoption and application development across three strategic markets.

In Personal & Workspace, Primax has entered the supply chains of multiple international video collaboration brands, expanding into personal and enterprise smart conferencing applications. In Safety & Security, its sensing modules have been adopted across multiple product lines by an international public safety brand customer. Primax has also entered the supply chain of a North American smart home security brand, supplying high-resolution, wide-angle imaging devices. In Mobility & Robotics, Primax has entered the supply chains of multiple North American electric vehicle brands, with automotive sensing module projects expected to ramp up gradually from 2027.

Looking ahead, Primax will strengthen its AISF™, Edge AI, and system integration capabilities and expand its higher-value solutions portfolio, advancing its ambition to become a trusted Edge AI Solution Partner and bring its vision, “Bring Experience to Life,” to life.