Reported Earnings • May 15
First quarter 2026 earnings released First quarter 2026 results: Revenue: NT$34.7m (down 21% from 1Q 2025). Net loss: NT$24.8m (flat on 1Q 2025). Annonce • Mar 13
Alpha Microelectronics Corporation, Annual General Meeting, Jun 11, 2026 Alpha Microelectronics Corporation, Annual General Meeting, Jun 11, 2026. Location: 8-2 floor no,295, sec.2 kuang fu rd., hsinchu city Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: NT$2.55 loss per share (vs NT$1.15 loss in FY 2024) Full year 2025 results: NT$2.55 loss per share (further deteriorated from NT$1.15 loss in FY 2024). Revenue: NT$153.8m (down 31% from FY 2024). Net loss: NT$115.4m (loss widened 122% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 06
Third quarter 2025 earnings released: NT$0.57 loss per share (vs NT$0.46 loss in 3Q 2024) Third quarter 2025 results: NT$0.57 loss per share (further deteriorated from NT$0.46 loss in 3Q 2024). Revenue: NT$31.9m (down 38% from 3Q 2024). Net loss: NT$25.6m (loss widened 24% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • May 10
First quarter 2025 earnings released: NT$0.55 loss per share (vs NT$0.34 loss in 1Q 2024) First quarter 2025 results: NT$0.55 loss per share (further deteriorated from NT$0.34 loss in 1Q 2024). Revenue: NT$43.6m (down 11% from 1Q 2024). Net loss: NT$24.7m (loss widened 62% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Mar 20
New major risk - Revenue and earnings growth Earnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$747.4m market cap, or US$22.6m). Reported Earnings • Mar 20
Full year 2024 earnings released: NT$1.15 loss per share (vs NT$0.86 loss in FY 2023) Full year 2024 results: NT$1.15 loss per share (further deteriorated from NT$0.86 loss in FY 2023). Revenue: NT$224.1m (down 6.3% from FY 2023). Net loss: NT$52.0m (loss widened 34% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annonce • Mar 13
Alpha Microelectronics Corporation, Annual General Meeting, Jun 11, 2025 Alpha Microelectronics Corporation, Annual General Meeting, Jun 11, 2025. Location: 8-2 floor no,295, sec.2 kuang fu rd., hsinchu city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.46 loss per share (vs NT$0.072 loss in 3Q 2023) Third quarter 2024 results: NT$0.46 loss per share (further deteriorated from NT$0.072 loss in 3Q 2023). Revenue: NT$51.4m (down 6.1% from 3Q 2023). Net loss: NT$20.7m (loss widened NT$17.5m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.02 loss in 2Q 2023) Second quarter 2024 results: NT$0.17 loss per share (further deteriorated from NT$0.02 loss in 2Q 2023). Revenue: NT$77.1m (down 1.4% from 2Q 2023). Net loss: NT$7.57m (loss widened NT$6.66m from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.34 loss per share (vs NT$0.28 loss in 1Q 2023) First quarter 2024 results: NT$0.34 loss per share (further deteriorated from NT$0.28 loss in 1Q 2023). Revenue: NT$48.8m (down 12% from 1Q 2023). Net loss: NT$15.3m (loss widened 21% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to NT$18.95. The fair value is estimated to be NT$23.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to NT$18.80. The fair value is estimated to be NT$23.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Annonce • Mar 27
Alpha Microelectronics Corporation, Annual General Meeting, Jun 19, 2024 Alpha Microelectronics Corporation, Annual General Meeting, Jun 19, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.86 loss per share (vs NT$2.20 profit in FY 2022) Full year 2023 results: NT$0.86 loss per share (down from NT$2.20 profit in FY 2022). Revenue: NT$239.1m (down 46% from FY 2022). Net loss: NT$38.9m (down 139% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$23.10, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years. New Risk • Aug 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Dividend per share is over 16x cash flows per share. Minor Risks Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (NT$991.3m market cap, or US$31.2m). Reported Earnings • Aug 09
Second quarter 2023 earnings released: NT$0.02 loss per share (vs NT$0.64 profit in 2Q 2022) Second quarter 2023 results: NT$0.02 loss per share (down from NT$0.64 profit in 2Q 2022). Revenue: NT$78.2m (down 32% from 2Q 2022). Net loss: NT$909.0k (down 103% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 28
Upcoming dividend of NT$2.00 per share at 7.8% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: NT$2.20 (vs NT$1.68 in FY 2021) Full year 2022 results: EPS: NT$2.20 (up from NT$1.68 in FY 2021). Revenue: NT$446.4m (down 17% from FY 2021). Net income: NT$99.2m (up 31% from FY 2021). Profit margin: 22% (up from 14% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$19.20, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 89% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.64 (vs NT$0.53 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.64 (up from NT$0.53 in 2Q 2021). Revenue: NT$115.5m (down 27% from 2Q 2021). Net income: NT$28.9m (up 21% from 2Q 2021). Profit margin: 25% (up from 15% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 18% share price gain to NT$22.10, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$18.10, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 88% over the past three years. Upcoming Dividend • Jun 27
Upcoming dividend of NT$1.40 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 27 July 2022. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.6%). Reported Earnings • May 11
First quarter 2022 earnings released: EPS: NT$0.64 (vs NT$0.053 in 1Q 2021) First quarter 2022 results: EPS: NT$0.64 (up from NT$0.053 in 1Q 2021). Revenue: NT$107.5m (up 3.8% from 1Q 2021). Net income: NT$29.0m (up NT$26.6m from 1Q 2021). Profit margin: 27% (up from 2.3% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 19% share price gain to NT$28.30, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 172% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to NT$30.85, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 18% share price gain to NT$29.30, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 159% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.53 (vs NT$0.41 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$157.8m (up 33% from 2Q 2020). Net income: NT$23.9m (up NT$42.4m from 2Q 2020). Profit margin: 15% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.30 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$103.5m (up 28% from 1Q 2020). Net income: NT$2.41m (up NT$16.2m from 1Q 2020). Profit margin: 2.3% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Annonce • Mar 18
Alpha Microelectronics Corporation, Annual General Meeting, Jun 10, 2021 Alpha Microelectronics Corporation, Annual General Meeting, Jun 10, 2021. Reported Earnings • Mar 13
Full year 2020 earnings released: NT$0.84 loss per share (vs NT$0.42 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$437.4m (down 19% from FY 2019). Net loss: NT$38.2m (loss widened 102% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 20
New 90-day high: NT$25.10 The company is up 174% from its price of NT$9.16 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: NT$13.75 The company is up 47% from its price of NT$9.38 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: NT$11.45 The company is up 20% from its price of NT$9.54 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: NT$9.66 The company is up 4.0% from its price of NT$9.28 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 14% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: NT$0.12 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$118.1m (down 16% from 3Q 2019). Net loss: NT$5.32m (loss widened 194% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.