Slide 1: 2Q26 Investor Conference
2Q26 Investor Conference Aug. 6th, 2026 1
Slide 2: Safe Harbor Notice
Safe Harbor Notice • We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 3: Agenda
Agenda 01 Financial Results Hsiang-Yun Fan - EVP 02 Business Recap & Outlook James Chen - President 03 Excellence & Forward Jason Lin - VP 04 Q & A 3
Slide 4: Financial Results
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Slide 5: Statement of Comprehensive Income - Consolidated
Statement of Comprehensive Income - Consolidated (In NT$ millions unless otherwise noted) 2Q26 1Q26 QoQ 2Q25 YoY Net Sales 59,843 38,253 +56.4% 21,018 +184.7% Gross Profit 39,645 20,415 +94.2% 4,763 +732.4% Gross Margin 66.2% 53.4% +13 ppts 22.7% +44 ppts Operating Expenses 10,666 7,865 +35.6% 6,058
Slide 6: Revenue by Products - Consolidated
Revenue by Products - Consolidated NT$M 66% 2Q26 vs. 1Q26 (QoQ) 53% 47% 42% 59,843 33% 29% 27% 26% 23% 13% 13,904 7,873 38,253 33% -150 21% CMS Flash Logic IC 26,625 21,484 21,312 21,018 21,771 32% 2Q26 vs. 2Q25 (YoY) 18,692 19,993 26% 33% 26,140 38% 37% 37% 53% 38% 42% 37% 35% 37% 34% 35% 47% 38% 3
Slide 7: Revenue and Gross Margin by Products
Revenue and Gross Margin by Products NT$M Memory NT$M Logic IC 70% 57% 51% 51,700 43% 38% 41% 39% 38% 34% 37% 35% 36% 34% 30% 21% 18% 12% 39% 10% 29,923 40% 19,172 14,132 61% 12,948 12,941 12,824 11,018 11,190 52% 53% 8,171 7,905 7,193 8,305 7,747 7,217 7,884 7,735 58% 62% 56% 60% 6,981 65% 57% 48%
Slide 8: Memory Business Quarterly Highlights
Memory Business Quarterly Highlights (In NT$ millions unless otherwise noted) 2Q26 1Q26 QoQ 2Q25 YoY Net Sales 51,700 29,923 +72.8% 12,824 +303.1% Gross Profit 36,337 16,938 +114.5% 1,547 +2248.3% Gross Margin 70.3% 56.6% +14 ppts 12.1% +58 ppts Operating Expenses 6,938 4,231 +64.0% 2,644 +162.4% Op
Slide 9: Balance Sheet - Consolidated
Balance Sheet - Consolidated (In NT$ millions unless otherwise noted) 06.30.2026 03.31.2026 06.30.2025 Cash, Cash Equivalents & Hedging Financial Assets 61,826 21% 48,657 21% 20,317 11% Accounts Receivable 37,439 13% 22,015 10% 11,855 7% Inventories 25,787 9% 25,232 11% 21,629 12% Investments 55,664
Slide 10: Statement of Cash Flow - Consolidated
Statement of Cash Flow - Consolidated (In NT$ millions unless otherwise noted) 2Q26 1Q26 2Q25 Cash Flow from Operating Activities 23,306 12,366 2,437 Depreciation & Amortization 3,206 3,089 3,211 Cash Flow from Investing Activities (5,631) (2,492) (1,824) CAPEX (5,172) (2,916) (1,412) Cash Flow from
Slide 11: Operating Expenses - Consolidated
Operating Expenses - Consolidated 31% 30% 30% 28% 28% 29% 26% 21% 18% NT$M 10,666 845 7,865 2,443 7,054 837 6,463 5,949 5,974 5,822 6,087 6,058 809 788 2,312 791 799 783 836 803 3,312 2,217 2,253 2,129 2,151 2,066 2,261 2,138 1,801 1,381 885 998 1,040 985 994 974 4,067 2,424 2,646 2,915 1,990 2,038
Slide 12: Logic Business Performance - Nuvoton Income Statement
Logic Business Performance - Nuvoton Income Statement (In NT$ millions unless otherwise noted) 2Q26 1Q26 QoQ 2Q25 YoY Net Sales 7,941 7,988 -0.6% 7,816 +1.6% Gross Profit 3,020 3,142 -3.9% 2,728 +10.7% Gross Margin 38.0% 39.3% -1 ppts 34.9% +3 ppts Operating Expenses 3,353 3,254 +3.0% 3,030 +10.7% O
Slide 13: Logic Business Performance - Nuvoton Balance Sheets
Logic Business Performance - Nuvoton Balance Sheets (In NT$ millions unless otherwise noted) 06.30.2026 03.31.2026 06.30.2025 Cash & Cash Equivalents 7,464 24% 7,069 23% 9,685 29% Accounts Receivable 4,353 14% 4,678 15% 4,353 13% Inventories 6,869 22% 6,334 21% 6,537 19% Long-term Investments 2,793
Slide 14: Corporate Value
Corporate Value EPS EBITDA NT Dollar NT$M 51% 7.65 49,770 3.41 3.23 30% 29% 0.88 21% (0.29) 0.14 18% 16% 2021 2022 2023 2024 2025 1H26 30,085 27,690 BVPS 18,680 NT Dollar 36.67 15,005 12,151 23.66 22.08 23.99 20.71 20.37 2021 2022 2023 2024 2025 1H26 2021 2022 2023 2024 2025 1H26 EBITDA EBITDA to Re
Slide 15: Memory CAPEX
Memory CAPEX 40.8 39.5 (NT$ B) 15.5 12.7 5.5 2022 2023 2024 2025 2026(E) Paid Estimated Cash Basis, as of August 6th, 2026 • 1H26 CAPEX was NT$7.5B • 2026 CAPEX is estimated approx. NT$39.5B, in which WFE CAPEX accounts for ~95% 15
Slide 16: Business Recap & Outlook
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Slide 17: Memory Revenue Results
Memory Revenue Results QoQ YoY 2Q26 vs. 1Q26 2Q26 vs. 2Q25 CMS CMS Revenue +78% +467% Bit Shipment Decreased low-teens% Increased low-twenties% Blended ASP(US$) Increased by ~100% Increased over 300% Flash Flash Revenue +65% +176% Bit Shipment Increased mid-teens% Increased mid-teens% Blended ASP(US
Slide 18: Memory Business Revenue Breakdown by Application
Memory Business Revenue Breakdown by Application Car & Industrial Communication NT$M QoQ +54% NT$M QoQ +82% 14,000 14,000 Car & Ind. Comm. 29% 12,000 12,000 28% 2Q26 10,000 10,000 8,000 8,000 6,000 6,000 Consumer Computer 28% 15% 4,000 4,000 2,000 2,000 0 0 1Q26 2Q26 1Q26 2Q26 Consumer Computer QoQ
Slide 19: Flash Business
Flash Business ❑ Revenue in 2Q26 increased by 65% QoQ and 176% YoY ❑ Revenue contribution from 24nm and 32nm SLC NAND increased significantly, with momentum expected to continue ❑ World's No.1 NOR Flash supplier, with sustained growth and market share expansion 4% 25% 1% 12% 18% 3% 10% 13% 9% 6% 7%
Slide 20: CMS Business
CMS Business ❑ Revenue in 2Q26 increased by 78% QoQ and over 400% YoY, supported by strong AI demand ❑ Blended ASP in 2Q26 increased by ~100% QoQ, reflecting a rise in pure ASP and a favorable product mix ❑ 20nm revenue continued to step up, with further growth expected over the coming quarters 71%
Slide 21: Market and Business Outlook (1)
Market and Business Outlook (1) ❑ Code Storage Flash ❖ Demand for high-density NOR continues to outpace supply, supporting a sustained pricing uptrend through 2026 and beyond ❖ SLC NAND supply remains tight, with strong design-ins underpinning the upward pricing trend into 2H26 ❖ Strong demand: AI S
Slide 22: Market and Business Outlook (2)
Market and Business Outlook (2) ❑ Overall Market ❖ AI infrastructure is creating a new growth engine, providing a long-term tailwind for the memory upcycle ❑ Winbond Business ❖ Profitability continues to hit record highs, with confidence in further sequential growth ❖ 16nm capacity ramp remains on t
Slide 23: Excellence & Forward
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Slide 24: Code Storage Flash Trend
Code Storage Flash Trend UFS OS with multiple applications, execute in DRAM 64GB ~ 512GB • Not fast boot, Boot from eMMC, UFS. • Fast Boot by NOR, then boot Image from eMMC/UFS. eMMC eMMC < 32GB 32GB ~ 256GB Leading NAND vendors EoL 2D NAND • Driving low-density eMMC demand toward QspiNAND • Seeking
Slide 25: 2025 Flash Market Share
2025 Flash Market Share NOR Flash SLC NAND Flash #1 #3 GigaDevice Kioxia 17% 20% Winbond Micron 23% 21% 2025 Revenue Macronix 2025 Revenue Winbond USD 3.4B 17% Others USD 1.5B 15% 4% Dosilicon Others 6% 16% Infineon GigaDevice SkyHigh 11% 14% Puya Micron 9% Macronix 7% 9% 11% Source: Omdia Mobile an
Slide 26: Winbond Flash Portfolio
Winbond Flash Portfolio MCP MCP ✓ (1.8V) W71 4+4/8+8 ONFI NAND (1.8V) W29N-GZ/LZ (3V) W29N-GV ✓ NAND Octal NAND (1.8V) W35N-JW QSPI NAND (1.8V) W25N-GW/KW/LW (3V) W25N-GV/KV/LV Octal Secure NOR (1.8V) W77T-NW PQC Secure NOR QSPI Secure NOR (1.8V) W77Q-JW,W77Q-NW PQC (3V) W77Q-JV Octal NOR (1.8V) W35
Slide 27: Winbond NAND Flash Plays Significant Role
Winbond NAND Flash Plays Significant Role High High Low Power Self-owned Rich Reliability Performance Consumption Fab Portfolio F46/F32, and new F24 Octal/QSPI Deep-power down mode Longevity support QSPI, Octal, ONFI High endurance Short Page Read time Green product 1.8V & 3V High data retention Con
Slide 28: Winbond NAND Flash on Growing Market
Winbond NAND Flash on Growing Market On-Device AI Driving Another Demand Growth Automotive Computing Consumer Telematic Cluster ADAS Infotainment SSD HDD Printer Smart Home Wearable VR/AR AI Phone Appliances Smart Music AMOLED TV Speaker Instrument Industrial Communication M2M Industrial Robot AMR R
Slide 29: NAND Flash Market Opportunity
NAND Flash Market Opportunity Shipping Quantity & Bit Growth >40% 35% >20% 15% 2024 2025 2026 2027 Communication Industrial Automotive Consumer Computing Bit Growth 29
Slide 30: Q&A
Q&A 30
Slide 31: Thank you
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