Globalwafers Co., Ltd. · TPEX:6488
Globalwafers — Q1 2026 Earnings Presentation
20 slides from Globalwafers's earnings presentation, May 5, 2026
Slide 1: GlobalWafers (6488TT) Q1 2026 Earnings Call
Global Family, Global Solutions! GlobalWafers (6488TT) Q1 2026 Earnings Call 2026/05/05
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by GlobalWafers Co., Ltd. (the “Company”). This presentation and the materials provided herewith do not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an inducement
Slide 3: Executive Comment
01 Executive Comment 3 © GlobalWafers Co., Ltd. All rights reserved.
Slide 4: Executive Comments: Financial Highlights (Revenue, Gross Margin)
Executive Comments ➢ Financial Highlights Revenue Gross Profit Margin (%) • Q126 → NT$14 billion, -3.57% QoQ • Q126 → 20.8% (NT$ Mn) (NT$ Mn) 2025 Q1, 60,598 26.4% 2026 Q1, 20.8% 14,502 14,624 14,493 3,726 2,662 16,008 4,123 15,595 13,985 4,112 2,914 2025 2026 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Gross
Slide 5: Executive Comments: Financial Highlights (Operating Income, Net Profit)
Executive Comments ➢ Financial Highlights Operating Income (%) Net Profit (%) • Q126 → 10.5% • Q126 → 13.6% (NT$ Mn) (NT$ Mn) 2025 Q1, 2026 Q1, 16.6% 2026 Q1, 13.6% 10.5% 2025 Q1, 9.3% 8,636 7,312 2,379 1,230 2,205 2,438 1,969 1,682 2,589 1,475 1,456 1,896 2025 2026 2025 2026 Q1 Q2 Q3 Q4 Operating I
Slide 6: Executive Comments: Financial Highlights (EPS, Prepayment)
Executive Comments ➢ Financial Highlights EPS Prepayment • Q126 → NT$3.97 • NT$23.5 billion (US$ 0.74 bn)1 (NT$) 15.29 4.6 4.12 3.52 3.05 3.97 2025 2026 Q1 Q2 Q3 Q4 Note: 1. FX Rate: NTD:USD = 32.0, including guarantee 6 © GlobalWafers Co., Ltd. All rights reserved.
Slide 7: Executive Comments: Industry & Overview
Executive Comments ➢ Industry & Overview ◼ AI-Led Structural Demand Anchors Long-Term Outlook Despite Near-Term Headwinds ✓ Macro Environment Calls for Selective Optimism: Global growth remains positive but uneven—while 2026 GDP forecasts have moderated, AI infrastructure investment provides a meani
Slide 8: Executive Comments: Industry & Overview
Executive Comments ➢ Industry & Overview ◼ GlobalWafers Positioned for Structural Growth Amid AI Trends ✓ AI-Driven Structural Shift Supporting Demand: AI adoption across data centers, edge, and end applications is reshaping semiconductor demand, driving advanced nodes and packaging, increasing wafe
Slide 9: End-Market Trends Indicate Structural Support Beyond Cyclical Recovery
End-Market Trends Indicate Structural Support Beyond Cyclical Recovery Structurally Resilient • The industry is undergoing a paradigm shift from generative AI to agentic AI, structurally increasing token Compute & AI consumption and sustaining investment in AI infrastructure, which in turn reinforce
Slide 10: End-Market Trends Indicate Structural Support Beyond Cyclical Recovery (cont'd)
End-Market Trends Indicate Structural Support Beyond Cyclical Recovery (cont'd) Gradual Recovery • Analog and power semiconductors have been gradually recovering. Rising silicon content per vehicle — propelled by software-defined architectures and electrification — is structurally decoupling revenue
Slide 11: Company Overview
02 Company Overview 11 © GlobalWafers Co., Ltd. All rights reserved.
Slide 12: Near-Term Macro Headwinds, Structural Offsets
Near-Term Macro Headwinds, Structural Offsets ◼ Global GDP Revisions: Growth forecasts for 2026 have been downgraded to a range of 2.6% to 3.4% as the conflict in the Middle East introduces significant volatility. ◼ Inflationary Pressures: Despite easing headline inflation in major economies, input
Slide 13: Global Semiconductor Trends
Global Semiconductor Trends ◼ Structural Demand Growth with Gradual Recovery in Wafer Shipments: Global semiconductor revenue continues to trend upward, supported by structural demand from AI and high-performance computing. While silicon wafer shipments experienced short-term fluctuations, they have
Slide 14: AI-driven Demand Sustains 12-inch Wafer Visibility
AI-driven Demand Sustains 12-inch Wafer Visibility ◼ AI Demand Tightening 12-Inch Wafers Capacity: Rapid growth in AI applications is driving advanced nodes and more complex packaging, increasing wafer usage per device and structurally strengthening demand for 12-inch wafers. As a result, GWC is see
Slide 15: Capturing Structural Growth in Compound Semiconductors
Capturing Structural Growth in Compound Semiconductors ◼ High-Value Shift Drives Growth: According to Yole Group, the compound semiconductor market is expected to more than double from 2025 to 2031, with a CAGR of approximately 14%. This growth is driven by its superior efficiency and high-frequency
Slide 16: Financial Performance
03 Financial Performance 16 © GlobalWafers Co., Ltd. All rights reserved.
Slide 17: Financial Highlight: Q126 vs. Q425 vs. Q125
Financial Highlight : Q126 vs. Q425 vs. Q125 (NT$Mn, except EPS) Q126 Q425 Q125 QoQ YoY Revenue 13,985 14,502 15,595 -3.6% -10.3% Gross Profit % 20.8% 25.7% 26.4% -4.9p.p. -5.6p.p. Operating Income 1,475 2,379 2,589 -38.0% -43.0% Operating Income % 10.5% 16.4% 16.6% -5.9p.p. -6.1p.p. Net Profit 1,89
Slide 18: Income Statement
Income Statement Q126 (NT$ Mn) 2023 2024 2025 Q126 (simulated)1 Revenue 70,651 62,626 60,598 13,985 13,204 Growth (%)2 -11.4% -3.2% -3.6% - 0.5% Gross Profit 26,441 19,804 14,624 2,914 4,083 Gross Profit Margin (%) 37.4% 31.6% 24.1% 20.8%3 30.9% EBITDA 30,630 18,010 17,340 4,060 4,730 EBITDA Margin
Slide 19: Balance Sheet
Balance Sheet (NT$ Mn) 2023 2024 2025 Q126 Cash-related other assets include: Assets (NT$ Mn) Q126 Cash and cash equivalents 26,165 38,929 19,484 24,128 Deposits in banks held 9,208 for three months or more Account receivable 10,116 10,265 10,113 10,138 Restricted Cash 8,865 Inventories 9,359 11,238
Slide 20: Q&A
04 Q&A 20 © GlobalWafers Co., Ltd. All rights reserved.