Nanya Technology Corporation

TWSE:2408 Stock Report

Market Cap: NT$1.1t

Nanya Technology Future Growth

Future criteria checks 6/6

Nanya Technology is forecast to grow earnings and revenue by 42.4% and 33.7% per annum respectively. EPS is expected to grow by 39% per annum. Return on equity is forecast to be 40.3% in 3 years.

Key information

42.4%

Earnings growth rate

39.01%

EPS growth rate

Semiconductor earnings growth26.3%
Revenue growth rate33.7%
Future return on equity40.35%
Analyst coverage

Good

Last updated28 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 14

2408: Private Placements And Higher Margins Will Support Stronger Future Earnings Potential

Analysts have raised their price target for Nanya Technology from NT$400.00 to NT$440.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News Nanya Technology plans a private placement of 70,000,000 common shares at TWD 223.9 per share for expected gross proceeds of TWD 15,673,000,000.
Narrative Update • Apr 28

2408: Private Placement And Higher Margins Will Support Stronger Future Earnings Potential

Analysts have trimmed their 12 month price target for Nanya Technology to NT$400, citing updated assumptions that combine a lower discount rate and future P/E with more moderate revenue growth and higher projected profit margins. What's in the News Nanya Technology plans a private placement of 70,000,000 common shares at TWD 223.9 per share for expected gross proceeds of TWD 15,673,000,000, with the transaction approved by the board of directors.
Narrative Update • Apr 13

2408: Future Profit Margin Pressure From Large Private Placement Will Persist

Analysts have trimmed their price target on Nanya Technology to NT$160.39 from NT$161.71, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E that modestly adjust their valuation outlook. What's in the News Nanya Technology plans a private placement of 70,000,000 common shares at TWD 223.9 per share for gross proceeds of TWD 15,673,000,000.
Narrative Update • Mar 30

2408: Future Profit Margin Assumptions Will Likely Prove Excessively Optimistic

Analysts have revised their fair value estimate for Nanya Technology from NT$150 to about NT$161.71, reflecting updated views on revenue growth, profit margins, and an adjusted future P/E outlook. What's in the News Nanya Technology plans a private placement of 70,000,000 common shares at TWD 223.9 per share, targeting gross proceeds of TWD 15,673,000,000 (Key Developments).
Narrative Update • Mar 16

2408: Future Revenue Assumptions Will Likely Prove Unrealistically Optimistic

Analysts have raised their price target on Nanya Technology from NT$44.45 to NT$150.00, citing revised expectations for revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: revised from NT$44.45 to NT$150.00, taking the reference estimate to a little over 3x the earlier figure.
Narrative Update • Mar 02

2408: Higher Revenue And Margin Assumptions Will Support Stronger Future Earnings Potential

Analysts have kept their fair value estimate for Nanya Technology steady at NT$400.00. They point to slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E to support the unchanged price target.
Narrative Update • Feb 16

2408: Higher Revenue And Margin Assumptions Will Drive Stronger Future Earnings Potential

Analysts have raised their fair value estimate for Nanya Technology from NT$75.00 to NT$400.00, citing updated assumptions for revenue growth, profit margins, discount rate, and a lower future P/E multiple. Valuation Changes Fair Value: updated from NT$75.00 to NT$400.00, representing a very large upward revision in the valuation output.
Narrative Update • Feb 02

2408: Higher Growth Assumptions Will Likely Expose Compressed Margin And P/E Risk

Analysts have raised their price target for Nanya Technology to $285.00 from $170.45, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E that they believe better reflect current expectations for the business. Valuation Changes Fair Value Estimate: Adjusted from NT$170.45 to NT$285.00, representing a large upward reset in the analysts' assessed value per share.
Narrative Update • Jan 19

2408: Future Margin Assumptions Will Likely Prove Overly Optimistic

Analysts have lifted their price target on Nanya Technology to the equivalent of about $44.45 from roughly $30.20, citing updated assumptions around a lower discount rate, slightly higher projected revenue growth, a very large implied improvement in profit margins, and a much lower future P/E multiple in their valuation models. Valuation Changes Fair Value: The price target fair value moved from about NT$30.20 to roughly NT$44.45 per share, indicating a higher implied valuation level in the updated model.
Narrative Update • Jan 04

2408: Future Margin Upswing Likely To Expose Current Earnings Multiple Vulnerability

Analysts have raised their price target on Nanya Technology to approximately $170 from about $145. This reflects increased confidence in stronger revenue growth, significantly higher profit margins, and a more attractive future earnings multiple.
Narrative Update • Dec 14

2408: Richer Earnings Multiple Will Likely Prove Unsustainable Amid Margin Pressure

Analysts have raised their price target on Nanya Technology, citing a modest improvement in fair value estimates to about NT$145 from roughly NT$138. This change is driven by stronger expected revenue growth that more than offsets a slightly higher discount rate and a lower projected profit margin, alongside a richer future earnings multiple.
Narrative Update • Nov 30

2408: Modest Revenue Improvement Will Offset Lower Margins and Slightly Lower Risk

Analysts have raised their fair value target for Nanya Technology from $124.91 to $138.27, driven by modest improvements in projected revenue growth. This increase offsets slightly lower profit margin expectations and a decrease in the discount rate.
Narrative Update • Nov 16

2408: Rising Discount Rate Will Likely Limit Upside Potential

Analysts have raised their price target for Nanya Technology from $110.82 to $124.91. They cite improved revenue growth projections and higher expected profit margins.
Narrative Update • Nov 01

2408: Profit Margin Weakness And Rising P/E Ratio Will Pressure Shares

Analysts have raised their price target for Nanya Technology from $105.36 to $110.82, citing modest improvements in projected revenue growth, a lower discount rate, and updated profit margin forecasts. Valuation Changes Consensus Analyst Price Target has risen from NT$105.36 to NT$110.82.
Narrative Update • Oct 17

Self-developed Semiconductor And DDR5 Migration Will Improve Efficiency

Analysts have raised their price target for Nanya Technology from $65.84 to $105.36. They cite expectations of higher revenue growth and improved profit margins supporting the upgrade.
Narrative Update • Oct 03

Self-developed Semiconductor And DDR5 Migration Will Improve Efficiency

Analysts have raised their price target for Nanya Technology from $54.84 to $65.84, citing improved revenue growth forecasts, even though profit margins are expected to be slightly lower. Valuation Changes The Fair Value Estimate has increased from NT$54.84 to NT$65.84.
Narrative Update • Sep 15

Self-developed Semiconductor And DDR5 Migration Will Improve Efficiency

The consensus analyst price target for Nanya Technology has increased to NT$54.84, with the upward revision driven by growth in net profit margin and a lower discount rate. Valuation Changes Summary of Valuation Changes for Nanya Technology The Consensus Analyst Price Target has risen slightly from NT$53.15 to NT$54.84.
User avatar
New Narrative • Jan 19

Transitioning To DDR5 And Edge AI Products Will Strengthen Future Market Position

Strategic DDR5 transition and DDR3/DDR4 capacity shift are set to boost revenue growth and gross margins through higher bit shipments and premium pricing.

Earnings and Revenue Growth Forecasts

TWSE:2408 - Analysts future estimates and past financials data (TWD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028328,708178,546N/A182,0125
12/31/2027331,752188,051101,067177,76911
12/31/2026271,044156,89570,637128,43510
3/31/2026108,48634,61441,93251,939N/A
12/31/202566,5876,6144,88518,568N/A
9/30/202543,068-6,053-11,9682,848N/A
6/30/202532,422-9,103-23,225-2,955N/A
3/31/202531,817-5,816-22,214-2,271N/A
12/31/202434,132-5,083-14,3561,952N/A
9/30/202436,261-5,989-12,3802,745N/A
6/30/202435,864-7,007-8,3231,900N/A
3/31/202432,970-6,963-12,022-1,486N/A
12/31/202329,892-7,440-19,650-6,095N/A
9/30/202329,142-6,107-23,990-5,973N/A
6/30/202332,427-961-25,450-2,347N/A
3/31/202343,4316,384-18,0277,555N/A
12/31/202256,95214,61915221,082N/A
9/30/202270,39822,22015,33434,354N/A
6/30/202283,21327,10627,35342,657N/A
3/31/202287,82026,69535,87947,038N/A
12/31/202185,60422,84932,62944,107N/A
9/30/202178,97917,31927,82738,121N/A
6/30/202170,46511,40522,22932,557N/A
3/31/202164,3178,46216,91826,920N/A
12/31/202061,0067,68613,25722,612N/A
9/30/202059,3488,04812,96219,634N/A
6/30/202058,8238,63915,10719,050N/A
3/31/202054,7758,16710,74215,571N/A
12/31/201951,7279,825N/A17,407N/A
9/30/201955,57016,492N/A27,826N/A
6/30/201965,14527,159N/A36,029N/A
3/31/201977,29635,721N/A46,216N/A
12/31/201884,72239,362N/A48,244N/A
9/30/201884,53353,380N/A41,674N/A
6/30/201873,45249,054N/A33,826N/A
3/31/201861,48544,234N/A25,137N/A
12/31/201754,91840,282N/A22,692N/A
9/30/201750,24738,385N/A18,612N/A
6/30/201747,15831,241N/A16,741N/A
3/31/201743,46625,148N/A16,995N/A
12/31/201641,63323,721N/A15,946N/A
9/30/201639,8895,517N/A15,340N/A
6/30/201640,0238,842N/A16,586N/A
3/31/201642,24612,700N/A17,661N/A
12/31/201543,87617,141N/A18,522N/A
9/30/201545,93023,822N/A21,870N/A
6/30/201548,68326,554N/A23,709N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2408's forecast earnings growth (42.4% per year) is above the savings rate (1.3%).

Earnings vs Market: 2408's earnings (42.4% per year) are forecast to grow faster than the TW market (26.6% per year).

High Growth Earnings: 2408's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2408's revenue (33.7% per year) is forecast to grow faster than the TW market (19% per year).

High Growth Revenue: 2408's revenue (33.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2408's Return on Equity is forecast to be very high in 3 years time (40.3%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 10:38
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nanya Technology Corporation is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nam Hyung KimArete Research Services LLP
Naiwen KerrBarclays
Mark NewmanBernstein