Primax Electronics (TWSE: 4915) today held an earnings call for the first quarter ended March 31.

• Revenue was NT$14.77 billion, up 8.2% year-over-year (YoY)
• Gross margin was 17.2%, up 1.3 ppt YoY improvement
• Operating margin was 5%, up 1.1 ppt QoQ, and up 0.7 ppt YoY
• Net income attributable to shareholders of the parent company was NT$740 million, up 55.6% QoQ, and 27.2% YoY
• Earnings per share (EPS) was NT$1.61

For 1Q25 revenue breakdown, information products accounted for 51% of total revenue, followed by smart lifestyle products (16%) and Auto/ AIoT related products (33%). Primax has been optimizing its product mix and driving year over year gross margin improvement. Auto and AIoT products have been steadily growing each year and have become important growth drivers for the company.

YY Hsiao, General Manager and CFO of Primax, stated, “The company delivered better-than-expected 1Q25 results, driven by PC-related products pull in, AIoT strength coupled with professional audio uptick, driving both QoQ and YoY topline growth. As new businesses began to bear fruit, Primax sustained a high gross margin in 1Q25, moreover, all profitability metrics were improved year over year and EPS setting a new quarterly record

Leveraging its X-IN-1 Sensory Fusion technology, Primax continues to advance Edge AI applications in audiovisual technology, focusing on niche markets such as public safety, AIoT (B2B) visual solutions, AI video conferencing, automotive products, and industrial visual and acoustic inspection, while further strengthening its R&D capabilities and product portfolio to establish a solid foundation for future growth.

Looking ahead to 2Q25, Primax takes more prudent approach given the geopolitical and tariff uncertainties. The company has adjusted its shipment strategies and strengthened operational resilience, proactively managing risks and mitigating external impacts through close communication with customers. Primax aims to transfer risks into future growth opportunities. In addition, Primax is accelerating its global capacity expansion, increasing production at its Thailand factory, and investing in automation to enhance manufacturing efficiency and flexibility. These efforts enhance Primax’s ability to adapt to market dynamics and fulfill diverse customer needs.