Slide 1: 2026 First Quarter Earnings Conference
Stock Code: 6643 TT 2026 First Quarter Earnings Conference May 6th, 2026 1
Slide 2: Agenda
Agenda • Welcome Livy Chen, Investor Relations • 1Q26 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: 1Q26 Financial Results
1Q26 Financial Results M31 Technology Corporation. Proprietary and Confidential 4
Slide 5: 1Q26 Statements of Comprehensive Income
1Q26 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q26 1Q26 (In NT$ thousands unless 1Q26 4Q25 1Q25 over over otherwise noted) 4Q25 1Q25 Net Revenue (US$ thousands) 12,467 17,444 13,370 -28.5% -6.8% Net Revenue 394,748 544,250 434,525 -27.5% -9.2% Gross M
Slide 6: 1Q26 Balance Sheets
1Q26 Balance Sheets Selected Items from Balance 1Q26 4Q25 1Q25 Sheets (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 443,088 22% 558,031 26% 573,295 28% Accounts Receivable 281,039 14% 335,554 16% 263,250 13% Other current assets 422,317 21% 346,003 16% 317,548 15% Net PP
Slide 7: 1Q26 Cash Flow
1Q26 Cash Flow (In NT$ thousands) 1Q26 4Q25 1Q25 3 Months Ended 12 Months Ended 3 Months Ended Beginning Balance 497,689 529,011 529,011 Cash generated from operating activities (137,128) 26,324 (121,896) Cash used in investing activities (55,883) 45,940 (16,993) Cash generated from/(used in) financ
Slide 8: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential 8
Slide 9: 1Q26 Revenue by Income Source
1Q26 Revenue by Income Source • In 1Q26, the royalty share rebounded to 18.1%, marking a nearly 20% QoQ increase. • License revenue remains our main revenue driver, accounting for 81.9% of total revenue in 1Q26. 100% 100% 10.0% 11.0% 18.1% 16.2% 14.9% 18.1% 19.0% 22.0% 80% 80% 60% 60% 90.0% 89.0% 81
Slide 10: 1Q26 Revenue by Region
1Q26 Revenue by Region • In 1Q26, China and Taiwan were our largest sources of revenue, together accounting for 88.6% of total revenue. • USA has shown a growing contribution since 2024; however, due to project delays, its share fell below 10% in 1Q26. 100% 2.4% 100% 2.4% 9.1% 8.1% 8.7% 19.2% 16.0%
Slide 11: 1Q26 Revenue by Customer Type
1Q26 Revenue by Customer Type • Foundry demand remained strong in 1Q26, driving revenue contribution above 50%, up from 31.9% in 2024 to 52.5%. • In 1Q26, the revenue split between Fabless and Foundry was approximately 50:50. 100% 100% 31.9% 80% 40.6% 80% 43.5% 48.4% 54.8% 52.5% 52.5% 58.3% 60% 60%
Slide 12: 1Q26 Fabless License Fee by Nodes
1Q26 Fabless License Fee by Nodes • In 1Q26, fabless license fees were mainly driven by 22–28nm nodes (55.4%), with advanced nodes below 16nm contributing about 40.3%. • License fees from 2–8nm nodes have become a key revenue pillar, accounting for around 30% of total license revenue. 100% 2.4% 1.1%
Slide 13: 1Q26 Foundry License Fee by Nodes
1Q26 Foundry License Fee by Nodes • In 1Q26, new 2–8nm foundry platform engagements lifted the share of 2–8nm foundry license fees to 79%. • From 2024 to 1Q26, the share of foundry license fees from sub-16nm nodes showed a steady increase, rising from 44.6% to 79%. 100% 1.2% 100% 5.0% 4.2% 4.2% 9.3%
Slide 14: M31 Customers & Partners
M31 Customers & Partners Region Fabless Foundry Total China 258 9 267 USA 75 2 77 Taiwan 75 5 80 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 455 22 477 ＊Customer numbers by region and business type till 1Q26.
Slide 15: M31 Licenses
M31 Licenses 2500 No. of Cumulative Licenses of the Previous Years 2000 No. of New Licenses in the Corresponding Period 73 199 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 1Q26
Slide 16: Recap of 1Q26 Operating Result
Recap of 1Q26 Operating Result 1Q26 revenue was US$12.5 million, down 6.8% YoY and 28.5% QoQ, mainly due to delayed U.S. fabless customer projects and fewer working days during the Lunar New Year. Operating expenses rose ~8% YoY, driven by higher R&D investment to support business scaling and advanc
Slide 17: Recent Updates
Recent Updates The Board approved the issuance of Restricted Stock Awards (RSA) in 1Q26, demonstrating the Company’s commitment to talent retention, and also approved a cash dividend of NT$1.20 per share, to be distributed entirely from retained earnings. Advanced Interface IP – Technical Breakthrou
Slide 18: M31 Future Prospects
M37 Future Prospects a" (ZB M31 M31 Technology.Corporation. Proprietary and Confidential 18
Slide 19: Where We Stand in the AI Era
Where We Stand in the AI Era Future-facing Volume-Driven Highly Scalable GPU / LPU SRAM, PCIe, SerDes, etc. CXL / HPC CXL SRAM, PCIe, LPDDR, Std Cell, etc. Chiplet / D2D M SRAM, USB, Std Cell, etc. Humanoid robot Sensor IP, MIPI, PCIe, etc. Edge AI / SDV MIPI, USB, DisplayPort, USB, SRAM, etc. AIOT
Slide 20: Q&A Session
Q&A Session (‘2 M31
Slide 21: Thank You
Your IP Partner Your Virtual Team Thank You 21