WeTouch Technology Inc. Reports First Quarter Fiscal Year 2026 Revenue of $16.3 Million and Net Income of $3.9 Million, Representing a 50.0% Year-over-Year Increase in Net Income

About this update from Wetouch Technology Inc.

Basic and Diluted Earnings Per Share Reached $0.32, Increasing 52.4% Year-over-Year CHENGDU, CN / ACCESS Newswire / May 18, 2026 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a company focused on the research, development, manufacturing, sales and servicing of medium- to large-sized projected capacitive touchscreens and related touch display products, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter Fiscal Year 2026 Highlights Management Commentary "We achieved solid revenue growth and a significant increase in net income in the first quarter of 2026," said Zongyi Lian, Chief Executive Officer of WeTouch Technology Inc. "Basic and diluted earnings per share increased 52.4% year-over-year to $0.32, reflecting improved profitability on a per-share basis. Our efforts to optimize the product mix have proven effective, with high-end touchscreens widely deployed across financial terminals, smart cockpit and in-vehicle HMI applications, self-service and POS terminals, gaming and lottery machines, medical devices, industrial automation and human-machine interface systems, robotics and intelligent equipment interfaces, and other specialized applications, significantly contributing to the Company's profitability. We continue to see strong demand in both domestic and select international markets." Mr. Lian continued, "Construction of our new Chengdu production facility remains underway, with completion expected by the first half of 2027 and production to commence by the end of 2027. The significant increase in earnings per share reflects improved profitability on a per-share basis, while our strong cash position and disciplined operations provide the Company with the flexibility to execute on growth initiatives, invest in product and capacity expansion, and support the creation of long-term shareholder value over time." Market and Business Overview Outlook Looking ahead, WeTouch expects continued demand in its established markets, including industrial automation, automotive and smart cockpit displays, self-service terminals, and other specialized touchscreen applications. At the same time, the Company is actively exploring the broader intelligent technology market, such as smart interactive terminals, AI-driven human-machine collabor...

View stock analysis, news, and events for Wetouch Technology Inc.