Slide 1: 2026第一季法人說明會
2026第一季法人說明會 May 8th, 2026 Embedded Wisely, Embedded Widely Embedded Wisely, Embedded Widely
Slide 2: 智慧財產權聲明
智慧財產權聲明 All rights, titles and interests contained in this information, texts, images, figures, tables or other files herein, including, but not limited to, its ownership and the intellectual property rights, are reserved to eMemory. This information may contain privileged and confidential informati
Slide 3: 投資安全聲明
投資安全聲明 This presentation contains forward-looking statements, which are subject to risk factors associated with semiconductor and intellectual property business. It is believed that the expectations reflected in these statements are reasonable. But they may be affected by a variety of variables, man
Slide 4: 內容
內容 1 Review of Operations 2 Future Outlook 3 Hardware Security for AI Agents 4 Q&A 5 Appendix Embedded EmbeddedWisely, Wisely,Embedded EmbeddedWidely Widely 4
Slide 5: 營運回顧
營運回顧 Embedded Wisely, Embedded Widely 5
Slide 6: 第一季綜合損益表
第一季綜合損益表 (thousands of NT dollars) Q1 2026 Q4 2025 QoQ Q1 2025 YoY Revenue 1,093,993 1,048,362 4.4% 911,734 20.0% Gross Margin 100.0% 100.0% - 100.0% - Operating Expenses 431,616 412,617 4.6% 389,387 10.8% Operating Income 662,377 635,745 4.2% 522,347 26.8% Operating Margin 60.5% 60.6% -0.1ppt 57.3%
Slide 7: 第一季營收分析 – 授權金&權利金
第一季營收分析 – 授權金&權利金 Q1 Revenue Breakdown (NTD) (NT$ K) 26Q1 in comparison to 25Q4 Royalty $1,000,000 26Q1 25Q4 65.2% $500,000 Licensing $0 34.8% Licensing Royalty NT$ Thousands Q1 2026 Q4 2025 QoQ Q1 2025 YoY Licensing 381,035 346,572 9.9% 240,217 58.6% Royalty 712,958 701,790 1.6% 671,517 6.2% Total
Slide 8: 第一季營收分析 – 產品線
第一季營收分析 – 產品線 Q1 Total Revenue Breakdown (NTD) 26Q1 in comparison to 25Q4 (NT$ K) NeoFuse $800,000 26Q1 25Q4 59.8% PUF-Based 12.2% $600,000 $400,000 MTP $200,000 8.0% NeoBit $0 20.0% NeoBit NeoFuse PUF-Based MTP Q1 2026 Total Revenue Licensing Revenue Royalty Revenue Technology % of % of % of QoQ Yo
Slide 9: 第一季營收分析 – 晶圓尺寸
第一季營收分析 – 晶圓尺寸 (NT$ K) 26Q1 in comparison to 25Q4 Q1 Royalty Breakdown (NTD) $500,000 26Q1 25Q4 12-Inch 66.3% $400,000 $300,000 $200,000 $100,000 8-Inch $0 33.7% 8-Inch 12-Inch Q1 2026 NT$ % of Royalty QoQ YoY 8-Inch 33.7% -5.5% -15.9% 12-Inch 66.3% 5.6% 22.5% Q1 2026 US$ % of Royalty QoQ YoY 8-Inch
Slide 10: 未來展望
未來展望 Embedded Wisely, Embedded Widely 10
Slide 11: 未來展望 – 授權金&權利金
未來展望 – 授權金&權利金 ◼ Licensing Revenue is driven by an increase in the number of licenses from both foundries and fabless customers, as well as higher average selling prices (ASP) per license. Demand remains strong for advanced-node technologies, AI-related applications, security-related solutions, and
Slide 12: 未來展望 – 新IP技術&商務平台擴展
未來展望 – 新IP技術&商務平台擴展 ◼ New IP Technologies 1. Continued development of next-generation OTP and PUF-based hardware security solutions targeting sub-2nm process nodes. 2. NeoFlash is expanding into both embedded and standalone 1T Flash applications, leveraging logic-process-based architectures for impr
Slide 13: Hardware Security for AI Agents
2026 Q1 Investor Conference Hardware Security for Al Agents The Trust Foundation for the Agentic Era CMeMOLy
Slide 14: When AI Agents Reach the Real World, Security Must Be Absolute
When AI Agents Reach the Real World, Security Must Be Absolute WHAT THE PROCESS ENTAILS Internal World 5 Autonomous, not assisted 2 Think Record The agent decides for itself, runs LLM,Reasoning State update without supervision, and loops 3 Decide until the goal is met. Picks an action Machine speed
Slide 15: Integrity Risks are Mostly Solved, Authorization Ones are Not
Integrity Risks are Mostly Solved, Authorization Ones are Not
Slide 16: Real Governance Can’t Be Achieved Without Hardware Root
Real Governance Can’t Be Achieved Without Hardware Root PUF makes the promise enforceable by providing cryptographic functions that are required
Slide 17: PUF is the Hardware-Anchored Trust for Agentic AI
PUF is the Hardware-Anchored Trust for Agentic AI Authority: Human-in- the-loop and audit logs become enforceable Integrity: Models, prompts, and agent logic stay sealed in silicon Identity: Every AI agent gets an unforgeable identity
Slide 18: Q&A
Q&A Embedded Wisely, Embedded Widely 18
Slide 19: Appendix
Appendix Embedded Wisely, Embedded Widely 19
Slide 20: Company Overview
Company Overview ▪ eMemory leads the global market in Logic NVM and PUF-Based Security IPs Revenue Trend (Unit: NT$ in Million) 4,500 4,000 Royalty License/Design Revenue 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20
Slide 21: Quarterly Revenue Pattern
Quarterly Revenue Pattern ▪ 1st month: Receive License Fees of the month and Royalty from most foundries on previous quarter’s wafer shipments. ▪ 2nd month: Receive License Fees of the month and Royalty from other foundries. ▪ 3rd month: License Fees Only. (Unit: NT$ 1,000) 2020 2021 2022 2023 2024
Slide 22: Quarterly Number of Licensed Tape-outs
Quarterly Number of Licensed Tape-outs 2020 2021 2022 2023 2024 2025 2026 (Unit: IP Numbers) 3nm 250 5nm 201 7nm 200 179 181 16nm 184 171 173 149 154 160 28nm 149 143 150 154 150 134 136 138 143 150 147 139 137 139 40nm 137 109 55nm 103 100 80nm 0.13um 0.18um 50 0.25um 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q
Slide 23: Accumulated Advanced-Node Licensed Tape-outs
Accumulated Advanced-Node Licensed Tape-outs ▪ eMemory secures future growth with over 140 advanced-node tape-out licenses, building a high- value royalty pipeline driven by increasing adoption. Leading-Edge Nodes (3nm–7nm) Mainstream Advanced Nodes (12nm/16nm) 62 TOTAL TAPE-OUTS 81 TOTAL TAPE-OUTS
Slide 24: Worldwide Customers
Worldwide Customers ▪ Our IP solutions are adopted by leading foundries, IDMs and fabless worldwide Country Foundry IDM Fabless Taiwan 4 1 363 China 13 1 1501 max_logo_header_25yrs Korea 4 0 107 Japan 2 6 92 North 2 0 383 America Europe 0 2 248 Others 3 0 151 Embedded Wisely, Embedded Widely 24
Slide 25: Business Model
Business Model ▪ Recurring royalty is the backbone of our business License Fee: ≈30% ▪ Around 70% revenue are from royalty based on wafer production Royalty: ≈70% ▪ More adoption = more volume shipment ▪ More advanced node wafers = higher ASP per wafer Revenue Breakdown 1-4 years 1-4 years License F
Slide 26: Technology Licenses
Technology Licenses Number of Licenses Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026Q1 License 43 20 26 18 28 32 29 48 41 63 13 Note: Terms (including number of process platforms and licensing fees) for each technology license are set contractually. Payments are made according to set m
Slide 27: Technology Development
Technology Development ▪ Developments by process nodes 12" Fabs Production Development IP Type Process Type 2nm 0 4 OTP, PUF Nanosheet 3nm 2 3 OTP, PUF FF, FFP 4/5nm 8 2 OTP, PUF FF, FF-Auto 6/7nm 4 2 OTP, PUF FF, FF+ 12/16/17nm 16 15 OTP, PUF, MTP FF, FF+, FFC. FFC+, LPP, DRAM, HV LP/ULP/ULL, HPC/H
Slide 28: Embedded Wisely, Embedded Widely
Embedded Wisely, Embedded Widely For more information, please visit: eMemory Website: https://www.ememory.com.tw/ PUFsecurity Website: https://www.pufsecurity.com/ Embedded Wisely, Embedded Widely 28