Holy Stone Enterprise Co., Ltd. · TWSE:3026
Holy Stone Enterprise — Q2 2026 Cathay Securities Industry Forum
23 slides from Holy Stone Enterprise's conference presentation, May 27, 2026
Slide 1: Q2 2026 Cathay Securities Industry Forum
Holy Stone Enterprise Co., Ltd. Q2 2026 Cathay Securities Industry Forum 2026/05/27 A PARTNER YOU CAN TRUST ｜ www.holystone.com.tw
Slide 2: Disclaimer
Disclaimer｜ The presentation and discussion contain current operational results, financial status and certain forward-looking statements. The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual results to differ materially from those expressed
Slide 3: Meeting Agenda
Meeting Agenda｜ ①Company Profile ②Recent Operating Result ③Q & A
Slide 4: Company Profile
Company Profile｜ Capital Stock: NT$1.66 Billion Headquarter: Taipei, Taiwan Plant Site: Longtan and Yilan, Taiwan；Hokkaido, Japan Employee Number: 994 for Parent Company (2025.12.31) Product Line: Passive Components, Active Components, System & Module, and Others
Slide 5: Company Profile: Business locations
Company Profile｜ Business locations UK China Norwich Beijing, Shanghai, Nanjing, Wuhan, Guangzhou, Xiamen, Dongguan, Suzhou, Wenzhou, Shenzhen, Ningbo, Chongqing, Hongkong Japan Hokkaido USA Singapore California Taiwan Plant Taipei(HQ) Taoyuan Taichung Yilan Kaohsiung
Slide 6: Operating Result: Consolidated Revenue by Territory
Operating Result｜ Consolidated Revenue by Territory 9% 11% 11% 10% 2% 2% 2% 2% 19% 17% 23% 2% 21% 22% 16% China 72% 66% 64% 66% 63% Taiwan USA Others 2021 2022 2023 2024 2025
Slide 7: Earnings Performance: Consolidated Income Statement (by Quarter)
Earnings Performance ｜ Consolidated Income Statement (by Quarter) In NT$ Millions 2026.1~3 2025.10~12 2025.1~3 QoQ YoY Net Sales $ 3,618 $ 3,320 $ 3,402 9% 6% Gross Margin 24.2% 17.6% 19.5% 38% 24% Operating Express 394 392 342 0% 15% Operating Income 483 193 321 150% 51% Operating Margin 13.4% 5.8%
Slide 8: Earnings Performance: Consolidated Balance Sheet
Earnings Performance ｜ Consolidated Balance Sheet 2026.03.31 2025.12.31 2025.03.31 In NT$ Millions Amount % Amount % Amount % Cash and Cash Equivalents $ 4,381 27% $ 4,619 29% $ 4,754 31% Accounts Receivable 3,937 24% 3,784 24% 3,204 20% Inventory 2,255 14% 2,156 14% 2,335 15% TOTAL ASSETS 16,266 10
Slide 9: Earnings Performance: Consolidated Cash Flow Statement
Earnings Performance ｜ Consolidated Cash Flow Statement In NT$ Millions 2026 Jan.-Mar. 2025 Jan.-Mar. Income before Income Tax $ 569 $ 292 Net cash generated from operating activities 605 469 Net cash generated from (used in) investing activities (97) (60) Acquisition of property, plant and equipmen
Slide 10: Sales by Product: Yearly Trend
Sales by Product｜ Yearly Trend 100% 23% 21% 22% 24% 19% 19% 20% 19% 80% 14% 14% 15% 12% 13% 15% 14% 19% 60% 40% 42% Active Components 41% 40% 45% 47% 40% 38% 42% Passive Components System & Module 20% 24% 23% 22% 26% 26% 21% 20% 20% Others 0% 24'Q2 24'Q3 24'Q4 25'Q1 25'Q2 25'Q3 25'Q4 26'Q1
Slide 11: AI application in Passive Component revenue: Trend
AI application in Passive Component revenue｜ Trend 6000 5,672 30 5,024 5,004 5000 27% 25 Passive components annual revenue 4000 20 (In NT$ Million) 19% Passive Components 3000 15 Quarterly Revenue (In NT$ Million) 2000 11% 1,702 10 AI application ratio 8% 1000 5 0 0 2023 2024 2025 2026 2026 Q1
Slide 12: The AI computing power revolution is giving rise to an AC application revolution for MLCC
The AI computing power revolution is giving rise to an AC application revolution for MLCC｜ MLCC in DC MLCC in AC PC/MB Networking NB Smart Phone DC to High Voltage Sine Wave 2020 2024 2026 2030 Server Power AI Server Power
Slide 13: From 10kW to 1000kW, AI power is driving a comprehensive upgrade in electricity demand
From 10kW to 1000kW, AI power is driving a comprehensive upgrade in electricity demand｜ 800V | HVDC 1,200 Rubin Ultra 1000KW+ 1,000 800 600 400 Vera Rubin 200KW+ Blackwell Ultra Blackwell 150KW 200 Ampere Hopper 120KW Unit : KW 10KW 40KW 0 2020 2022 2024 2025 2026 2027 Source : NVIDIA
Slide 14: The Third-Generation Semiconductor-Driven Power Supply Revolution
The Third-Generation Semiconductor-Driven Power Supply Revolution: Simultaneous Leap in Efficiency and Power｜ Technology-driven: Efficiency Core: From semiconductor evolution to surging The High-Power Advantage of LLC power growth Resonant Circuits Extremely high Excellent wide efficiency and high v
Slide 15: Custom-designed low-loss, high-voltage, high-capacitance NP0 for AI server power and BBU
Custom-designed low-loss, high-voltage, high-capacitance NP0 specifically for AI server power and BBU usage scenarios｜ Customized low-loss (NP0) Quantity Major market suppliers Server power NVIDIA High voltage, high used per AI Server Power Year supply Rack voltage Major global CSP GPU Model capacit
Slide 16: AI server demand is surging: market expected to grow more than threefold
AI server demand is surging: the market size is expected to grow more than threefold over the next five years｜ Global high-end AI servers Global AI servers will grow will grow by 51% in 2026 by 354% from 2025 to 2030 2500 180 160 140 2000 120 1500 100 80 1000 60 40 500 20 Unit：KUnit Unit：GW 0 0 2022
Slide 17: Physical AI will become the primary source of future computing power demand
Physical AI will become the primary source of future computing power demand｜ MLCC in DC MLCC in AC AI SERVER BBU Humanoid robot 2020 2024 2026 2030
Slide 18: 100–150V DC X7*, X8* MLCCs are entering a new wave of growth cycle
100–150V DC high-voltage, high-capacitance, high- temperature X7*, X8* are entering a new wave of growth cycle｜ Single High temperature Maximum MLCC Application App. model TCC operating Reference material scenarios Voltage Usage temperature specifications quantity X7* 125℃ AI BBU/CBU 48V 1206 X7* 4.
Slide 19: 100–150V DC X7*, X8* MLCCs growth cycle: usage by NVIDIA platform
100–150V DC high-voltage, high-capacitance, high- temperature X7*, X8* are entering a new wave of growth cycle｜ Quantity used NVIDIA AI server Application Year TCC 100V DC MLCC Reference ingredients per single GPU Models applications voltage cabinet 2022 1206 X7* 4.7uF 100V 3000~5000 PSU 48~54V 1210
Slide 20: AI applications are shaping the next trillion-dollar market
AI applications are shaping the next trillion-dollar market｜ 2025–30 AI servers will 2025–30 Humanoid robots grow at a CAGR of 38.7% will grow at a CAGR of 87.9% 900 600 800 500 700 600 400 500 300 400 300 200 200 100 100 0 0 Unit：BUSD 2025 2026 2027 2028 2029 2030 Unit：MUSD 2025 2026 2027 2028 2029
Slide 21: Recent Operating Events
Recent Operating Events ｜ Influenced by the upgrade of AI Server Power architectures, data center power systems are moving toward higher power, higher efficiency, and higher reliability; driving MLCC demand from volume growth toward further specification upgrades. As architectures evolve toward 800V
Slide 22: Q & A Thank you for listening!
Q&A Thank you for listening! If you have any questions, please drop us an e-mail at IR@holystone.com.tw, and we will get back to you shortly.
Slide 23: A PARTNER YOU CAN TRUST
A PARTNER YOU CAN TRUST ｜ www.holystone.com.tw
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