M31 Technology Corp. · TPEX:6643
M31 Technology — Q2 2026 Earnings Presentation
21 slides from M31 Technology's earnings presentation, Aug 12, 2026
Slide 1: 2026 Second Quarter Earnings Conference
Stock Code: 6643 TT 2026 Second Quarter Earnings Conference Aug 12th, 2026 1
Slide 2: Agenda
Agenda • Welcome Livy Chen, Investor Relations • 2Q26 Financial Results Livy Chen, Investor Relations • Outlook & Key Messages Scott Chang, CEO • Q&A Scott Chang, CEO 22
Slide 3: Safe Harbor Notice
Safe Harbor Notice • M31’s statements of its current expectations are forward- looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Except as required by law, we undertake no obligation to
Slide 4: 2Q26 Financial Results
2Q26 Financial Results M31 Technology Corporation. Proprietary and Confidential 4
Slide 5: 2Q26 Statements of Comprehensive Income
2Q26 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2Q26 2Q26 (In NT$ thousands unless 2Q26 1Q26 2Q25 over over otherwise noted) 1Q26 2Q25 Net Revenue (US$ thousands) 13,305 12,467 14,711 +6.7% -9.6% Net Revenue 421,850 394,748 448,722 +6.9% -6.0% Gross Mar
Slide 6: 1H26 Statements of Comprehensive Income
1H26 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1H256 (In NT$ thousands unless 1H26 1H25 over otherwise noted) 1H25 Net Revenue (US$ thousands) 25,772 28,081 -8.2% Net Revenue 816,598 883,247 -7.5% Gross Margin 100% 100% Operating Expenses (899,700) (83
Slide 7: 2Q26 Balance Sheets
2Q26 Balance Sheets Selected Items from Balance 2Q26 1Q26 2Q25 Sheets (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 496,337 24% 443,088 22% 497,063 24% Accounts Receivable 360,702 17% 281,039 14% 337,669 16% Other current assets 365,361 17% 422,317 21% 323,071 16% Net PP
Slide 8: 2Q26 Cash Flow
2Q26 Cash Flow (In NT$ thousands) 2Q26 1Q26 2Q25 6 Months Ended 3 Months Ended 6 Months Ended Beginning Balance 497,689 497,689 529,011 Cash generated from operating activities (128,200) (137,128) (152,274) Cash used in investing activities (80,437) (55,883) (33,440) Cash generated from/(used in) fi
Slide 9: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential 9
Slide 10: Revenue by Income Source
2Q26 Revenue by Income Source • In 2Q26, royalties accounted for 17.8% of revenue, and the absolute royalty amount grew by 4.7% QoQ. • License revenue remains our main revenue driver, accounting for 82.1% of total revenue in 1H26. 100% 100% 10.0% 11.0% 18.1% 17.8% 16.2% 14.9% 17.9% 22.0% 80% 80% 60%
Slide 11: Revenue by Region
2Q26 Revenue by Region • In 1H26, revenue mix became more concentrated in China and Taiwan, with U.S. revenue weighted toward project enhancements. • In 1H26, revenue from China and Taiwan increased 34.5% and 14.3% YoY, supported by robust demand from fabless customers and foundry projects. 100% 1.4
Slide 12: Revenue by Customer Type
2Q26 Revenue by Customer Type • In 2Q26, the revenue mix shifted significantly toward Fabless customers, accounting for 81% of revenue, a five-quarter high, compared with 47.5% in 1Q26. • Fabless became the primary revenue contributor in 1H26, accounting for 64.8% of revenue, up from 51.6% in 2025.
Slide 13: Fabless License Fee by Nodes
2Q26 Fabless License Fee by Nodes • In 2Q26, 12~16nm nodes were the key driver of Fabless license fees (43.6%), with advanced nodes below 16nm accounting for a significant 68.3% of the total. • Sub-16nm Fabless license fees have continued to gain share since 2024, accounting for nearly 60% in 1H26.
Slide 14: Foundry License Fee by Nodes
2Q26 Foundry License Fee by Nodes • In 2Q26, sub-16nm nodes continued to account for over 50% of Foundry license fees, including new platform engagements at 2~8nm nodes. • From 2024 to 1H26, the share of Foundry license fees from sub-16nm nodes showed a steady increase, rising from 44.6% to 75.3%. 1
Slide 15: M31 Customers & Partners
M31 Customers & Partners Region Fabless Foundry Total China 266 10 276 USA 82 2 84 Taiwan 77 5 82 Korea 12 3 15 Japan 8 0 8 Eurasia 25 3 28 Others 2 0 2 ＊Our IP solutions are adopted by leading foundries and fabless worldwide. Total 472 23 495 ＊Customer numbers by region and business type till 2Q26.
Slide 16: M31 Licenses
M31 Licenses 2500 No. of Cumulative Licenses of the Previous Years 2000 130 No. of New Licenses in the Corresponding Period 199 1500 218 214 225 1000 1845 241 1646 1428 194 1214 500 174 989 748 147 554 112 380 70 233 51 121 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H26
Slide 17: Recap of 2Q26 Operating Result
Recap of 2Q26 Operating Result 2Q26 operating performance improved, with revenue rising 6.9% QoQ to NT$422 million. EPS recovered from -1.18 to -0.06, as losses narrowed significantly. Revenue was down 6.0% YoY due to delayed large projects, while increased R&D hiring led to a roughly 7% rise in ope
Slide 18: Recent Updates
Recent Updates Private Placement ➢ The Board approved a private placement, with ASPEED Technology Inc. subscribing to 530,000 shares, representing a 1.24% equity stake. The investment strengthens the long- standing partnership between the two companies and supports deeper collaboration in server int
Slide 19: M31 Future Prospects
M37 Future Prospects = 14 M31 M31 Technology.Corporation. ind Confidential 19
Slide 20: Q&A Session
Q&A Session (AM31
Slide 21: Thank You
Your IP Partner Your Virtual Team Thank You 21