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

• Revenue was NT$15.9 billion, up 7.8% year-over-year (YoY) and 6.5% quarter-over-year (QoQ)
• Gross margin was 15.9%, down 1.3 ppt YoY
• Operating margin was 4.3%, down 0.7 ppt YoY, up 0.1 ppt QoQ
• Net income was NT$600 million, down 18.9% YoY, up 35.8% QoQ
• Earnings per share (EPS) was NT$1.30, down 19.3% YoY, up 36.8% QoQ

For 1Q26 revenue breakdown, information products accounted for 43% of total revenue, followed by smart lifestyle products (19%) and Auto/ AIoT products (38%). As demand for AIoT and AI surveillance continues to grow, the proportion of the Auto/AIoT segment has steadily increased year by year, strengthening the company’s growth momentum.

YY Hsiao, General Manager and CFO of Primax, stated that 1Q26 revenue maintained steady growth, driven by AIoT and AI Surveillance product contributions, coupled with consumer audio new projects ramp. However, RMB headwinds, higher component costs, and product mix changes weighed on gross margins. Primax has continued to optimize its operating structure by increasing automation and strengthening supply chain management. Furthermore, the company is actively engaging with customers on pricing adjustments to mitigate cost inflation and FX volatility, further enhancing operational resilience.

Primax continues to focus on high value-added and niche markets, including AI surveillance, automotive, AI video conferencing, robotics, and smart workspace solutions. Primax is advancing its AI Sensor Fusion (AISF) core capabilities by integrating multi-sensing technologies, including vision, acoustics, and interfaces, to enhance system integration and strengthen product differentiation in response to evolving industry dynamics.

Looking ahead to 2Q26, as macro uncertainties and supply chain price fluctuations persist, the company will adopt a prudent approach to market conditions. It will continue to enhance operational efficiency and strengthen supply chain flexibility to ensure stable operations and effective risk management. As demand for AIoT and smart applications continues to grow, the company will further deepen multi-sensing integration, enhance system-level capabilities and product value, and build a more competitive product portfolio, laying a solid foundation for mid- to long-term growth.