Slide 1: Financial Results & Company Outlook
Scan & Join Phison's IR list Financial Results & Company Outlook 2026 Second Quarter K.S.Pua | CEO August 13, 2026 CONFIDENTIAL 2Q26 Financial Results
Slide 2: Forward-Looking Statement
Forward-Looking Statement Information included in this earning meeting that are not historical in nature are "forward looking statements“. Phison cautions readers that forward looking statements are based on Phison’sreasonable knowledge and current expectations and are subject to various risks and u
Slide 3: Executive Summary
Executive Summary 1 Phison’s Business Transformation 2 Financial Results 3 Business Highlights (Phison 3.0) 4 Technology Leadership Update 5 Q&A CONFIDENTIAL 2Q26 Financial Results
Slide 4: Phison's Business Transformation
1 Phison’s Business Transformation CONFIDENTIAL 2Q26 Financial Results
Slide 5: The AI-ecosystem solutions are driving Phison's future growth momentum
The AI-ecosystem solutions are driving Phison’s future growth momentum 2Q26 Revenue Contribution Revenue AI-Ecosystem Solutions 38%+ 78% QoQ 68% QoQ 109% QoQ Industrial Module, 16% Retail Module, 5% AI Ecosystem Module, Embedded ODM Controller, 38% Module, 33% 6% Others, 2% Module Included Categorie
Slide 6: Financial Results
2 Financial Results CONFIDENTIAL 2Q26 Financial Results
Slide 7: 2Q26 Revenue and Gross Profit
2Q26 Revenue and Gross Profit 2Q26 Revenue 2Q26 Gross Profit $67.888B $44.335B Revenue up 65.7% QoQ Gross profit up 76.5% QoQ Revenue up 279.5% YoY Gross profit up 752.8% YoY Record high in a single quarter Record high in a single quarter Revenue in $NT CONFIDENTIAL 2Q26 Financial Results
Slide 8: Revenue Trend
Revenue Trend Revenue NT$ millions All-time High $67,888 $40,967 $22,799 $18,137 $13,839 $17,890 $108.855 billion NTD 2026 half-year revenue $72.664 billion NTD All-time High 2025 full-year revenue 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 CONFIDENTIAL 2Q26 Financial Results
Slide 9: Gross Margin Rate Trend
This slide will be explained in both Chinese and English Gross Margin Rate Trend All-time High Gross Margin % 65.31% 61.31% In 2Q26, inventory write-downs decreased gross margin by approximately -1.10%, as the WIP was valuated down under 41.67% accounting policy. 32.41% 30.93% 29.06% 34.21% 63.80% 2
Slide 10: Earnings Per Share Trend
This slide will be explained in both Chinese and English Earnings Per Share Trend In $NT All-time High $118.57 • 2Q26 Investing Gains effected EPS of +$14.21 approximately • 2Q26 inventory write-downs effected EPS of -2.87 roughly $68.80 $41.98 TWD 2025 full-year EPS $187.43 TWD 2026 half-year EPS A
Slide 11: 2Q26 Income Statement Highlights
This slide will be explained in both Chinese and English 2Q26 Income Statement Highlights 1 Revenue in NTD: QoQ is Taiwan-International Financial Reporting Standards (TIFRS) All-time high increased 65.7%. Revenue in USD: QoQ is NT$mn 2Q26 1Q26 2Q25 Q/Q (%) Y/Y (%) increased 65.6%. Revenue in US$Mn 2
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Taiwan-International Financial Reporting Standards (TIFRS) NT$mn 2Q26 1Q26 2Q25 1 Cash: The combined result of cash generated for operating profit, Total Assets 193,717 141,066 69,830 inventory management, changes in accounts receivable and payable, and Cash & Current Financ
Slide 13: Supplemental Information: Reconciliations of TIFRS Results to Non-TIFRS Results
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results ◎ Forward-Looking Statement ◎ The Non Taiwan International Financial Reporting Standards(Non-TIFRS) results supplemented in this presentation are reconciliation results which exclude the financial impact of share-based
Slide 14: Reconciliations of TIFRS Results to Non-TIFRS Results (2Q26)
Reconciliations of TIFRS Results to Non-TIFRS Results (2Q26) NT$/million 2Q26 1Q26 2Q25 Q/Q (%) Y/Y (%) Operating Profit 26,370 14,841 2,346 77.7% 1,024.0% TIFRS Operating Profit Margin (%) 38.84% 36.23% 13.11% Reconciliations Shares-based payment 117 118 (1) Operating Profit 26,487 14,959 2,345 77.
Slide 15: Phison 3.0: From NAND to AI Storage
3 Phison 3.0: 從NAND儲存 到 AI儲存力 Phison 3.0: From NAND to AI Storage CONFIDENTIAL 2Q26 Financial Results
Slide 16: Past: NAND Demand Was Mainly Driven by Smartphones and PCs
Past NAND Demand Was Mainly Driven by Smartphones and PCs Annual NAND demand from smartphones = Annual smartphone shipments × Average NAND storage capacity per smartphone Annual NAND demand from PCs = Annual PC shipments × Average NAND storage capacity per PC In other words, the total annual demand
Slide 17: Now: NAND Demand Is Mainly Driven by AI Tokens
Now NAND Demand Is Mainly Driven by AI Tokens AI Token Growth Creates Unlimited Demand for NAND Storages AI AGENTS VIDEOS IMAGES Kilobyte (KB) Megabyte (MB) Gigabyte (GB) Terabyte (TB) Electricity AI Tokens (need NAND storages) Input Output Note: 1 Kilobyte (KB) = 1024 Bytes 1 Megabyte (MB) = 1024 K
Slide 18: Phison Creates High-Values Across the Five Layers of the AI Cake
Phison Creates High-Values Across the Five Layers of the AI Cake • AI Data Platform • Enterprise SSD • aiDAPTIV Solutions • Boot Drives • SSD Controller with AI NPU • AI PC / AI Workstations • AI Servers • AI Software • eMMC • Retimer/Redriver CONFIDENTIAL 2Q26 Financial Results
Slide 19: Phison 3.0 AI Storage Infrastructure + Edge AI Compute Platform
Phison 3.0 AI Storage Infrastructure + Edge AI Compute Platform Phison 3.0 Customized AI storage solutions & edge AI platform Full customization Customized NAND Storages & AI Computing Solutions High resilience AI Data Platform Flexible collaboration aiDAPTIV NAND Controller IC Design Capabilities e
Slide 20: Phison @Computex 2026
4 Phison @Computex 2026 CONFIDENTIAL 2Q26 Financial Results
Slide 21: COMPUTEX 2026 Key Showings
COMPUTEX 2026 Key Showings Enterprise AI PCIe Gen6 Client Mobile CONFIDENTIAL 2Q26 Financial Results
Slide 22: D206V Ultra-High-Capacity Gen5 SSD
D206V Ultra-High-Capacity Gen5 SSD The World's Highest-Capacity Enterprise SSD at 245.76TB CONFIDENTIAL 2Q26 Financial Results
Slide 23: PCIe Gen6 Controller X3
PCIe Gen6 Controller X3 Capacity supports up to 2PB with R/W performance up to 28000MB/s CONFIDENTIAL 2Q26 Financial Results
Slide 24: PCIe Gen5 Client SSDs
PCIe Gen5 Client SSDs E37T : The World’s First DEAM-less Gen5 SSD to deliver 14.9GB/S CONFIDENTIAL 2Q26 Financial Results
Slide 25: aiDAPTIV
aiDAPTIV Hybrid Router for OpenClaw & Partner AI PC Solutions CONFIDENTIAL 2Q26 Financial Results
Slide 26: UFS-Enabled On-Device AI
UFS-Enabled On-Device AI Phison Pascari aiDAPTIV and MediaTek Dimensity 9500 Phison partnered with MediaTek to bring on-device AI to smartphones with Pascari aiDAPTIV Large AI Models Exceed the With aiDAPTIV, Large AI Models Memory Capacity of Smartphones Can Run Directly on Smartphones CONFIDENTIAL
Slide 27: Phison x Partner Collaboration
5 Phison x Partner Collabration CONFIDENTIAL 2Q26 Financial Results
Slide 28: COMPUTEX Partners: Intel + Phison aiDAPTIV
COMPUTEX Partners: Intel + Phison aiDAPTIV Intel Showcases Its Collaboration with Phison's aiDAPTIV SSD on the Official Intel YouTube Channel Source: https://youtu.be/QcZ01VCCxVo?si=FE-doP66XR70dR_5 CONFIDENTIAL 2Q26 Financial Results
Slide 29: aiDAPTIV Business Updates
6 aiDAPTIV Business Updates CONFIDENTIAL 2Q26 Financial Results
Slide 30: A Proven Taiwan Model Is Going Global
2H 2026 EXPANSION A Proven Taiwan Model Is Going Global FIRST-WAVE MARKET PROVEN IN PRODUCTION NORTH AMERICA TAIWAN Local channels + deployment partners Platform • Channel Deployment playbook FIRST-WAVE MARKET SOUTHEAST ASIA INDIA Local channels + deployment partners Replicating a proven platform an
Slide 31: Technology Leadership Update
7 Technology Leadership Update CONFIDENTIAL 2Q26 Financial Results
Slide 32: Continue to Strengthen Phison Leading Technology Position
Continue to Strengthen Phison Leading Technology Position 2026 Category R&D Headcount 2020 1,531 2021 2,228 2022 2,891 2023 3,087 2024 2025 3,441 3,472 1H 3,585 2100+ Global Patents R&D Exp. / Revenue (%) 14% 13% 14% 22% 21% 19% 22% R&D Exp. / Operating Exp. 81% 81% 77% 82% 81% 83% 84% Phison R&D Ex
Slide 33: Phison creates high-value solutions for global customers
Phison creates high-value solutions for global customers through its strong R&D and customization capabilities. • Taiwan (HQ) Global • USA, Japan, Europe, Malaysia Offices • China JV, India JV The AI-ecosystem solutions are driving Phison’s future growth momentum BD • Customer Engagement • CSPs, Hyp
Slide 34: Phison leverages to enhance internal & R&D Output
Phison leverages to enhance internal & R&D Output CONFIDENTIAL 2Q26 Financial Results
Slide 35: Phison AI Data Platform
Phison AI Data Platform Application Instantly deploy ready-to-use AI Solutions Phison Agentic Hub Module Vision Module Voice Module AI Framework LLMOps Message Queue Model Management Data Bridge Reasoning Module aiDAPTIV Middleware Database Rapidly build and scale AI Agents and workflows Infrastruct
Slide 36: NEXT STEP
NEXT STEP Phison AI Data Platform: Phison will evolve from an AI user into an AI platform provider. Stay tuned…. SME B2B AI On-Prem Total Solutions Provider Proprietary and Confidential CONFIDENTIAL 2Q26 Financial Results
Slide 37: Executive Summary
This slide will be explained in both Chinese and English Executive Summary Phison Transformation Key Message AI inference is fundamentally reshaping NAND demand from a cyclical industry into a From Cyclical Storage to AI Infrastructure structural AI infrastructure and AI Tokens opportunity. 投資論點 (He
Slide 38: Q&A
Q&A CONFIDENTIAL 2Q26 Financial Results
Slide 39: Some analysts continue to describe Phison as a module house?
Some analysts continue to describe Phison as a module house? YES: Phison’s Growth Is Driven by Module Solutions. However, Phison is fundamentally different from traditional module houses. Traditional Module Houses Phison’s Business Model: • Trading-driven (Buy Low, Sell High) • R&D & Technology Lead
Slide 40: Phison's ESG progress?
Phison’s ESG progress? Phison Recognized in S&P Global Sustainability Yearbook 2026 • Selected as a member of the S&P Global Sustainability Yearbook 2026, a prestigious ESG recognition initiated by DJSI. • Recognized among 9,200+ global participating companies and 79 selected Taiwanese companies for