世芯電子 (3661 TT) 2026Q3 法說會簡報
Company Overview
- Company Name: 世芯電子 (Alchip Technologies)
- Stock Code: (3661 TT)
- Event: 3Q26 法人說明會 (3Q26 Investor Conference)
- Date: Nov. 6th, 2026
- Slogan: Silicon Heart of AI
Safe Harbor Disclaimer
This presentation contains forward-looking statements, including statements about business outlook and strategy, and statements about historical results that may suggest trends for our business. These statements are based on estimates and information available to us at the time of this presentation and are not guarantees of future performance. Actual results could differ materially from our current expectations as result of many factors, including: our financial performance, including our net revenue, cost of revenue, operating expenses and ability to sustain profitability; our planned capital expenditures; our ability to expand our customer base; our ability to expand our product and service offerings; the impact of seasonality on our business; our ability to remediate the material weaknesses and significant deficiencies in our internal control over financial reporting; our ability to stay abreast of modified or new laws applying to our business; and our spending of the net proceeds from this offering. Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Financial Highlights
2026年第三季損益 (2026 Third Quarter Income Statement)
| US$'000 | 2Q26 | 3Q26 | QoQ (%) | YoY (%) |
|---|---|---|---|---|
| Revenue | 241,729 | 819,314 | 238.9 | 267.4 |
| COGS | 157,489 | 671,846 | 326.6 | 316.6 |
| Gross Profit | 84,240 | 147,468 | 75.1 | 138.9 |
| Op. Exp | 32,129 | 33,493 | 4.2 | 45.8 |
| Op. Income | 52,110 | 113,975 | 118.7 | 194.1 |
| Non. Op. | 12,287 | 14,159 | 15.2 | -63.5 |
| Pre-Tax Profit | 64,398 | 128,134 | 99.0 | 141.2 |
| Income Tax | -12,563 | -26,125 | 107.9 | 194.7 |
| Net income | 51,835 | 102,009 | 96.8 | 131.1 |
| EPS (NT$) | 20.0 | 37.7 |
- Note: EPS is calculated on concurrent shares outstanding and FX.
Recent Performance and Results
3Q26 營運回顧 (3Q26 Business Review)
營收與獲利雙雙創下歷史新高 (Revenue and Profit hit historical highs)
- 3Q26 revenue reached US$819M, QoQ +238%, YoY +267%, setting a new quarterly record, mainly due to significant shipments of N3 accelerators for mass production.
- Due to the higher proportion of mass production business revenue, 3Q26 gross profit margin significantly decreased, but the decline in operating profit margin was relatively limited.
- Net profit after tax and EPS both hit historical highs.
N3 加速器出貨動能強勁 (Strong shipment momentum for N3 accelerators)
- N3 accelerators are currently in mass production, and it is expected that 2027 will still be the company's main revenue contributor.
- The next generation N2 accelerator is about to Tape-out.
Business Segments
營收應用分布 (Revenue Application Distribution)
季度分布 (Quarterly Distribution)
| Application | 4Q25 | 1Q26 | 2Q26 | 3Q26 |
|---|---|---|---|---|
| Consumer | 22% | 36% | 32% | 8% |
| Networking | 7% | 10% | 16% | 5% |
| Niche | 4% | 3% | 1% | 0% |
| HPC | 67% | 51% | 50% | 87% |
年度分布 (Annual Distribution)
| Application | 2024 | 2025 | 1-3Q26 |
|---|---|---|---|
| Consumer | 3% | 12% | 16% |
| Networking | 4% | 3% | 8% |
| Niche | 3% | 1% | 1% |
| HPC | 93% | 83% | 75% |
營收地區分布 (Revenue Geographical Distribution)
季度分布 (Quarterly Distribution)
| Region | 4Q25 | 1Q26 | 2Q26 | 3Q26 |
|---|---|---|---|---|
| Japan | 6% | 8% | 7% | 1% |
| Asia Pacific | 18% | 47% | 25% | 12% |
| N.A. | 50% | 23% | 51% | 84% |
| Others | 26% | 22% | 17% | 4% |
年度分布 (Annual Distribution)
| Region | 2024 | 2025 | 1-3Q26 |
|---|---|---|---|
| Japan | 2% | 8% | 3% |
| Asia Pacific | 10% | 8% | 18% |
| N.A. | 86% | 78% | 70% |
| Others | 2% | 6% | 9% |
Products & Technologies
營收製程分布 (Revenue Process Distribution)
季度分布 (Quarterly Distribution)
| Process Node | 4Q25 | 1Q26 | 2Q26 | 3Q26 |
|---|---|---|---|---|
| 28nm and lower | 10% | 7% | 7% | 1% |
| 16/12nm | 11% | 9% | 6% | 3% |
| 7nm/5nm | 43% | 63% | 40% | 15% |
| 3nm/2nm | 36% | 21% | 47% | 80% |
年度分布 (Annual Distribution)
| Process Node | 2024 | 2025 | 1-3Q26 |
|---|---|---|---|
| 28nm and lower | 2% | 7% | 1% |
| 16/12nm | 3% | 5% | 6% |
| 7nm/5nm | 94% | 73% | 26% |
| 3nm/2nm | 1% | 14% | 67% |
- Note: Advanced process node means 40nm or better.
Outlook & Strategy
總經理報告 (General Manager's Report)
- 第三季財務概況 (Third Quarter Financial Overview)
- 第三季營運亮點與挑戰 (Third Quarter Operational Highlights and Challenges)
- 未來營運展望 (Future Operational Outlook)
- 結論 (Conclusion)
Strategic Initiatives and Plans
- N3 accelerators are currently in mass production, and it is expected that 2027 will still be the company's main revenue contributor.
- The next generation N2 accelerator is about to Tape-out.
Additional Data
Meeting Instructions
- This meeting will be in English. If you need Chinese presentation slides, please go to MOPS (Market Observation Post System) to download the Chinese version.
- Participants please write down your questions to host through Team's message function with your and your company name.
- Please use the "raise hand" function through Team for the Q&A session; the host will unmute you for your questions.
- The video and audio content of this meeting will upload to MOPS (Market Observation Post System).