Socionext Inc. · TSE:6526
Socionext — Q3 FY2026/3 Earnings Presentation
49 slides from Socionext's earnings presentation, Jan 30, 2026
Slide 1: 3Q FY2026/3 Consolidated Financial Results
3Q FY2026/3 Consolidated Financial Results January 30, 2026 Socionext Inc.
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for the purpose of presenting relevant information regarding Socionext Inc. (“Socionext”). This presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or solicitation or invitat
Slide 3: Cautionary Note Regarding Design Win Amount and Design Win Balance
Cautionary Note Regarding “Design Win Amount” and “Design Win Balance” The calculation of “Design Win Amount” and “Design Win Balance” involves a considerable degree of future estimation and subjective judgment, including assumptions regarding development plans, development costs, NRE revenues, per-
Slide 4: Consolidated Financial Results
3Q FY2026/3 Consolidated Financial Results ─ Consolidated Financial Results 3Q FY2026/3 ─ Consolidated Earnings Forecast FY2026/3
Slide 5: 3Q FY2026/3 Consolidated Statements of Income
3Q FY2026/3 Consolidated Statements of Income (JPY in billions) FY2025/3 FY2026/3 YoY QoQ 1Q 2Q 3Q 4Q 1Q 2Q 3Q YoY% QoQ% Net Sales 52.8 46.4 46.1 43.3 34.6 52.7 54.9 +8.8 +19.2% +2.3 +4.3% Product revenue 42.3 37.7 35.0 31.6 25.9 44.5 44.3 +9.3 +26.4% -0.2 -0.4% NRE revenue 10.3 8.4 10.8 11.4 8.5 8.
Slide 6: 1-3Q FY2026/3 Consolidated Statements of Income
1-3Q FY2026/3 Consolidated Statements of Income (JPY in billions) FY2025/3 FY2026/3 1-3Q 1-3Q YoY YoY% Net Sales 145.3 142.1 -3.1 -2.2% Product revenue 115.0 114.7 -0.3 -0.3% NRE revenue 29.6 26.9 -2.7 -9.2% Other 0.7 0.6 -0.1 -9.1% 65.8 76.4 +10.6 +16.1% Cost of Sales Product cost ratio 57.2% 66.6%
Slide 7: Quarterly Net Sales and Operating Income
Quarterly Net Sales and Operating Income Net Sales1 Operating Income1 Other （JPY in billions） （JPY in billions） NRE Revenue Operating Income 19.4% Margin 15.0 Product Revenue 61.4 including 17.6% Special Demand 56.1 55.5 54.9 16.5% 53.9 8.4 52.8 52.7 52.7 51.6 6.8 11.5 7.3 14.0% 15.4% 46.4 46.1 8.0
Slide 8: 3Q FY2026/3 Financial Results YoY
3Q FY2026/3 Financial Results YoY Net Sales and Operating Income YoY Operating Income YoY Analysis （JPY in billions） Operating Income （JPY in billions） （JPY in billions） NRE Revenue Product Revenue Margin 54.9 46.1 10.4 11.1% 10.8 -1.4 6.3% -0.6 0.0 +0.3 44.3 35.0 5.1 5.1 3.4 3.4 2 1,2 2 2 FY25/3 3Q
Slide 9: 3Q FY2026/3 Financial Results QoQ
3Q FY2026/3 Financial Results QoQ Net Sales and Operating Income QoQ Operating Income QoQ Analysis （JPY in billions） Operating Income （JPY in billions） （JPY in billions） NRE Revenue Product Revenue Margin 52.7 54.9 6.3% 8.0 10.4 4.4% +2.0 -0.6 +0.6 44.5 44.3 -0.8 3.4 3.4 2.3 2.3 2 1,2 2 2 FY26/3 2Q
Slide 10: Consolidated Balance Sheet (As of December 31, 2025)
Consolidated Balance Sheet (As of December 31, 2025) Cash on Hand and in Banks1 （JPY in billions） (JPY in billions) As of As of Change Mar. 31, 2025 Dec. 31, 2025 74.0 69.9 72.8 69.5 Total Assets 170.3 163.3 -7.0 55.9 69.7 69.1 53.0 47.5 46.3 45.1 45.7 43.8 Total Current Assets 126.3 117.6 -8.7 37.2
Slide 11: Capex, Depreciation & Amortization, Cash Flow
Capex, Depreciation & Amortization, Cash Flow Capex1 Depreciation & Amortization Cash Flow 10.0 40.0 (JPY in billions) (JPY in billions) Capex Depreciation & Amortization Operating CF Investment CF Free CF 30.0 8.0 20.0 6.0 10.0 0.0 4.0 -10.0 2.0 -20.0 0.0 -30.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1
Slide 12: Breakdown by Application Market
Breakdown by Application Market Net Sales NRE Revenue Automotive Data Center & Networking Automotive Data Center & Networking Smart Devices Industrial Smart Devices Industrial Other Other 100% 6% 6% 100% 7% 6% 6% 3% 14% 11% 10% 8% 14% 13% 12% 7% 23% 23% 16% 8% 29% 27% 17% 17% 13% 19% 11% 16% 80% 11%
Slide 13: Breakdown by Geographic Region
Breakdown by Geographic Region Net Sales NRE Revenue US China Japan Other US China Japan Other 100% 100% 10% 7% 8% 8% 8% 10% 7% 8% 10% 12% 12% 11% 12% 11% 14% 19% 18% 19% 80% 80% 26% 31% 20% 29% 38% 40% 36% 44% 45% 23% 51% 52% 60% 59% 60% 63% 21% 18% 66% 71% 55% 12% 56% 13% 25% 20% 40% 40% 39% 33% 3
Slide 14: Breakdown by Process Node
Breakdown by Process Node Net Sales NRE Revenue 3-7nm 10-16nm 20-28nm 40nm & above/Other 3-7nm 10-16nm 20-28nm 40nm & above/Other 100% 100% 4% 10% 8% 14% 13% 7% 19% 17% 22% 23% 21% 25% 25% 12% 4% 29% 12% 7% 80% 80% 45% 43% 42% 10% 18% 9% 6% 55% 18% 64% 21% 19% 19% 30% 60% 22% 60% 33% 12% 30% 28% 46%
Slide 15: Consolidated Earnings Forecast
Consolidated Earnings Forecast From October 2025 presentation (revised) (JPY in billions) FY2025/3 FY2026/3 FY2026/3 Change from Full Year Forecast Full Year Forecast previous forecast Full Year Results as of April 2025 as of October 2025 Net Sales 188.5 175.0 190.0 +15.0 +8.6% Operating Income 25.0
Slide 16: Quarterly Net Sales Trends
Quarterly Net Sales Trends From October 2025 presentation (revised) Sales (actual) FY25/3 Quarterly Average Sales (calculated at USD/JPY=1301) Sales (calculated at USD/JPY=1301) FY26/3 Quarterly Average Sales (forecast at USD/JPY=130) FY26/3 Sales (forecast at USD/JPY=130) FY26/3 Average Sales FY25/
Slide 17: Product Cost Ratio and R&D Ratio: Trends and Future Outlook
Product Cost Ratio and R&D Ratio: Trends and Future Outlook From October 2025 presentation (revised) Product Cost Ratio Outlook R&D Ratio Outlook ◼ FY26/3: cost ratio expected to be higher than the level of FY23/3 ◼ FY26/3: expected to be the same level as FY25/3 due to aggressive investment • Chang
Slide 18: Market Trend, Background of FY26/3 Forecast, Outlook for FY27/3 and Beyond
Market Trend, Background of FY26/3 Forecast, Outlook for FY27/3 and Beyond From October 2025 presentation (revised) Market Trend & Design Win Status FY26/3 Forecast (updated as of October 2025) Outlook for FY27/3 and beyond Operating Income expected to decrease while Net Sales No change of outlook f
Slide 19: Appendix Overview
Appendix Overview ─ Consolidated Financial Statements ─ Breakdown of Net Sales (Quarterly)
Slide 20: Consolidated Statements of Income
Consolidated Statements of Income (JPY in billions) FY21/3 FY22/3 FY23/3 FY24/3 FY25/3 FY26/3 YTD3Q Net Sales 99.7 117.0 192.8 221.2 188.5 142.1 % YoY -3.7% +17.3% +64.7% +14.8% -14.8% -2.2% Product revenue 73.1 84.6 156.8 182.9 146.6 114.7 NRE revenue 23.0 28.1 34.9 37.6 41.0 26.9 Other revenue 3.6
Slide 21: Consolidated Balance Sheets
Consolidated Balance Sheets FY26/3 FY26/3 (JPY in billions) FY21/3 FY22/3 FY23/3 FY24/3 FY25/3 FY21/3 FY22/3 FY23/3 FY24/3 FY25/3 3Q 3Q Assets Liabilities and Equity Cash on-hand and in banks1 42.7 46.3 45.1 69.7 72.8 43.8 Accounts payable-trade 12.0 16.6 23.4 15.8 11.9 15.8 Accounts receivable-trad
Slide 22: Breakdown by Application Market (Quarterly)
Breakdown by Application Market (Quarterly) Net Sales1 NRE Revenue1 Automotive Data Center & Networking Automotive Data Center & Networking Smart Devices Industrial Smart Devices Industrial Other Other 100% 100% 3% 2% 3% 5% 3% 4% 5% 6% 5% 6% 6% 8% 6% 4% 6% 4% 4% 8% 7% 5% 5% 8% 7% 7% 8% 8% 11% 13% 11
Slide 23: Breakdown by Geographic Region (Quarterly)
Breakdown by Geographic Region (Quarterly) Net Sales1 NRE Revenue1 US China Japan Other US China Japan Other 100% 100% 3% 4% 3% 7% 8% 6% 7% 8% 9% 7% 8% 9% 8% 7% 7% 5% 7% 5% 6% 8% 6% 12% 11% 12% 11% 10% 11% 12% 11% 12% 11% 12% 9% 12% 10% 20% 22% 23% 14% 31% 23% 80% 80% 17% 34% 30% 17% 40% 34% 22% 26%
Slide 24: Breakdown by Process Node (Quarterly)
Breakdown by Process Node (Quarterly) Net Sales1 NRE Revenue1 3-7nm 10-16nm 20-28nm 40nm & above/Other 3-7nm 10-16nm 20-28nm 40nm & above/Other 100% 100% 1% 4% 3% 5% 3% 3% 8% 10% 6% 8% 10% 11% 11% 7% 16% 17% 15% 15% 6% 10% 5% 8% 20% 4% 23% 23% 21% 21% 22% 23% 23% 24% 26% 7% 21% 3% 4% 2% 27% 7% 31% 2
Slide 25: Excerpts from 2Q FY2026/3 Financial Results Presentation (October 2025)
The following slides are excerpts from the materials used in the 2Q FY2026/3 financial results presentation (October 2025)
Slide 26: Net Sales and Operating Income FY2026/3 Full-Year Forecast
Net Sales and Operating Income FY2026/3 Full-Year Forecast (vs. April 2025 Forecast) From October 2025 presentation ◼ Net Sales Revised to 190.0 billion yen (+15.0 billion), considering strong demand for new product entering mass production ◼ Operating Income Revised to 10.0 billion yen (- 4.0 billi
Slide 27: Design Wins and Net Sales
Design Wins and Net Sales From October 2025 presentation ◼ Expansion of Design Wins to lead Net Sales growth as projects go through development phase and enter production ◼ Upward deviation in FY23/3-FY24/3 due to upfront demand from Chinese telecommunication business FX impact (yen depreciation fro
Slide 28: Operating Margin Trends and Future Outlook
Operating Margin Trends and Future Outlook From October 2025 presentation ◼ Operating margin expected to grow again in FY27/3 and beyond, as product revenue increases Operating margin trends after FY22/3 (Calculated at USD/JPN=130) FY24/3 (16.1%) Actual FX rate Calculated at USD/JPY=130 Results (Act
Slide 29: Semiconductor Market Trends
Semiconductor Market Trends Socionext’s Initiatives (summary) From October 2025 presentation Background of the Growing Demand for Custom SoCs and Solution SoC Model • Emergence of new services and applications • Evolution of SoC ecosystem • Into era of 3D/5.5D and chiplets • Design becoming more com
Slide 30: Semiconductor Market Trends
Semiconductor Market Trends Background of the Growing Demand for Custom SoCs and Solution SoC Business Model From October 2025 presentation Advances in SoC and AI technologies accelerate market expansion (Spiral of evolution) Emergence of new services and applications − AI utilization is expanding a
Slide 31: Aggressive Advance Investment
Aggressive Advance Investment From October 2025 presentation Emergence of new services and applications utilizing AI / Evolution of SoC ecosystem across diverse fields → Innovative companies are looking for SoC partner with “Entire Design” capability → Need for advance investment for “Entire Design”
Slide 32: Recent Activities in Leading-Edge Technologies
Recent Activities in Leading-Edge Technologies From October 2025 presentation Publicly announced development activities with ecosystem partners for leading-edge technologies including 3D/5.5D, Chiplet, etc. ◼ Socionext Expands 3DIC Support with Advanced 3D Die Stacking and 5.5D in Packaging Portfoli
Slide 33: Socionext's Initiatives for the Chiplet Era
Socionext’s Initiatives for the Chiplet Era From October 2025 presentation ◼ The demand for Chiplet Solution is increasing to address: − Reticle size limitation, Yield optimization, Risk mitigation for new IPs (in large monolithic SoC) and Flexibility of integration (for adaptable system integration
Slide 34: Expanding Business in Each Application Market
Expanding Business in Each Application Market From October 2025 presentation Smart Devices Industrial / Physical AI Industrial ◼ Demand for new technologies in smart devices area ◼ Demand expanding for Solution SoC business model with continues to be strong due to expanding use of AI The emerging fi
Slide 35: Track Record: Design Wins Expanding in Each Application Market 1
Track Record : Design Wins Expanding in Each Application Market 1 From October 2025 presentation Design win balance Smart Devices 400 Smart Devices + Industrial Industrial 200 Advanced RF 5/7nm 5/7/12nm 0 Test & Measurement Mar-23 Mar-24 Mar-25 28nm DSLR/Action Printer P, RF, Codec, Secu Ps (IS re …
Slide 36: Track Record: Design Wins Expanding in Each Application Market 2
Track Record : Design Wins Expanding in Each Application Market 2 Advanced SoC Developments on Computer Architecture Basis in Diverse Fields From October 2025 presentation ◼ Common development platform established as system configurations across major applications become similar towards computer arc
Slide 37: Strengthening Entire Design Capability / Fundamental Reform of Global Structure
Strengthening “Entire Design” Capability / Fundamental Reform of Global Structure From October 2025 presentation April 2025~: Further expansion as “Global Leading Group” Fundamental reform of global organizational structure Establish global co-lead structure COO H.Yoshida (Japan) / CTO&EVP R.Cheema
Slide 38: Medium-Term Targets: Aiming for Future Growth
Medium-Term Targets : Aiming for Future Growth From October 2025 presentation ◼ Net Sales: Back onto growth track in FY27/3; Aiming for mid-teen% CAGR (excluding FX) ◼ Operating Margin: Aiming for mid-to-high-teen%, along with sales expansion and strengthening R&D competitiveness Medium-Term Targets
Slide 39: Excerpts from 4Q FY2025/3 Financial Results Presentation (April 2025)
The following slides are excerpts from the materials used in the 4Q FY2025/3 financial results presentation (April 2025)
Slide 40: Strong Design Wins
Strong Design Wins From April 2025 presentation (revised) ◼ Design Win Amount has more than doubled through transformation since 2018 ◼ Achieved level of 300 billion yen in FY23/3 and FY24/3 ◼ FY25/3 amount expanded to approx. 360 billion yen “Design Win Amount” (LTR) acquired in each fiscal year Ap
Slide 41: Large-Scale Design Wins Increasing
Large-Scale Design Wins Increasing From April 2025 presentation (revised) ◼ Proportion of large-scale Design Wins increasing Project Size “Design Win Amount” (LTR) acquired in each fiscal year Less than 10 bn yen Approx. Between 10 ~ 30 bn yen Approx. 360 billion yen (300 billion yen1) 30 bn yen or
Slide 42: Design Win Balance: Breakdown of Changes
Design Win Balance: Breakdown of Changes From April 2025 presentation (revised) ◼ Design Win Balance increased by approx. 10%, or 100 billion yen, with strong Design Wins, despite cancellations ◼ 60% of current Design Win Balance expected to be recognized as revenues in next four years (Yen in billi
Slide 43: Design Win Balance: by Application Market and Region
Design Win Balance: by Application Market and Region From April 2025 presentation (revised) ◼ By application market: ‐ Proportion of “Data Center & Networking” increasing, reflecting recent strong design wins ‐ Current breakdown of Design Win Balance by application market (approx.): 1/3 Automotive,
Slide 44: New Executive Structure
New Executive Structure From April 2025 presentation Announced February 2025 April 2025~: Started new executive structure for sustainable growth M. Koezuka, CEO H. Yoshida, COO Y. Yoneyama, EVP&CFO Global Leading Group (GLG) Development Group (DG) Business Group (BG) / Sales Group (SG) Production Ma
Slide 45: Design Win Amount to Revenue / Illustrative Description of Design Win Balance
“Design Win Amount” to Revenue / Illustrative Description of “Design Win Balance” From April 2025 presentation “Design Win Balance1” ・・・ “Design win balance” (LTR; Life Time Revenue) represents our estimates of remaining accumulated “design win amount” that is associated with projects that are activ
Slide 46: Timeline from Design Win to Mass Production
Timeline from Design Win to Mass Production / Illustrative Description of “Design Win Amount” From April 2025 presentation “Design Win Amount１” ・・・ “Design Win Amount” represents estimate of the lifetime demand from design projects. “Design Win Amount” is divided into NRE-based and product-based amo
Slide 47: Transformation into Global Custom SoC Company in Advanced Technology Areas
Transformation into Global Custom SoC Company in Advanced Technology Areas From April 2025 presentation ◼ Through transformation of business and company culture, Socionext has turned into global leading custom SoC company with new and distinctive “Solution SoC” business model Expansion of Business M
Slide 48: Features of Solution SoC Business Model
Features of Solution SoC Business Model From April 2025 presentation ◼ The primary difference between “traditional ASIC” and “Solution SoC “ is how to interface with customers ◼ The primary difference between “Solution SoC” and “ASIC designed by ASSP vendors“ is the breadth of optional customization
Slide 49: Socionext: The Solution SoC Company
socionext’ The Solution SoC Company