Win Semiconductors Corp (WSMIF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, ambassadors. We're there where you are. Welcome to Winsami's Results Webcast Conference for the first quarter of 2026. I'm Ava Shi, the Department Manager of Finance of Winsami. And we have Steve Chen, General Manager of Corporate Administration. Today's call is organized into three sections. First of all, Steve will comment on the company's results and provide brief guidance for the second quarter, 2026. Secondly, I will go through the financial results in details. After that, we will open the floor for Q&A. Please freely submit your question in the input box. on the webcast window throughout the conference. Before we begin, please pay attention to the safe harbor notice on the page two of the presentation slide. Thank you. Please note that this presentation contains forward-looking statements and all of the financial figures hasn't been audited yet. These statements are based on our current expectations. Actual results may differ maturely from our expectations, and the company undertakes no obligation to update these forward-looking statements going forward. Now, I will hand over the call to Mr. Steve Chen, General Manager of WinSemi. Thank you, Yvonne. and welcome, everyone. For the first quarter of 2026, we reported consolidated revenue of $20, $4.59 billion, down 4% quarter-on-quarter and up 26% year-on-year, slightly exceeding previous expectations. The SEP capacity utilization rate still holds steady at 60%, consistent with the previous quarter. As expected, a slightly less favorable problem is compared to the fourth quarter result in the individual growth margin of 32.2%. Down 3% point, sequentially, while consolidated gross margin was 26.3%, also declining by 5.5% quarter on quarter. As a result, consolidated operating margin decreased from 13....