Zyxel Group Corporation

TWSE:3704 Stock Report

Market Cap: NT$16.5b

Zyxel Group Past Earnings Performance

Past criteria checks 3/6

Zyxel Group's earnings have been declining at an average annual rate of -15.2%, while the Communications industry saw earnings growing at 8.4% annually. Revenues have been declining at an average rate of 1% per year. Zyxel Group's return on equity is 11.2%, and it has net margins of 5%.

Key information

-15.21%

Earnings growth rate

-15.50%

EPS growth rate

Communications Industry Growth21.03%
Revenue growth rate-1.01%
Return on equity11.24%
Net Margin5.02%
Last Earnings Update30 Jun 2026

Recent past performance updates

Recent updates

Analysis Article • Nov 11

Zyxel Group's (TWSE:3704) Shareholders Have More To Worry About Than Only Soft Earnings

The subdued market reaction suggests that Zyxel Group Corporation's ( TWSE:3704 ) recent earnings didn't contain any...
Analysis Article • Oct 25

We Think Zyxel Group (TWSE:3704) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Apr 19

Here's Why Zyxel Group (TWSE:3704) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Mar 12

Investors Can Find Comfort In Zyxel Group's (TWSE:3704) Earnings Quality

Zyxel Group Corporation's ( TWSE:3704 ) earnings announcement last week didn't impress shareholders. However, our...

Revenue & Expenses Breakdown

How Zyxel Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TWSE:3704 Revenue, expenses and earnings (TWD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2627,1351,3633,9661,875
31 Mar 2624,5704704,0011,836
31 Dec 2525,2956344,0221,855
30 Sep 2527,1409643,8581,868
30 Jun 2527,1242973,9291,893
31 Mar 2527,4468064,0461,936
31 Dec 2425,9695704,0861,907
30 Sep 2425,8983474,0571,876
30 Jun 2426,4707503,8501,900
31 Mar 2427,0859243,5791,892
31 Dec 2330,3801,3413,4731,917
30 Sep 2331,5481,5123,4751,973
30 Jun 2333,2351,9843,3951,979
31 Mar 2332,3401,7543,4071,940
31 Dec 2230,5161,6183,2681,873
30 Sep 2228,3151,3373,1261,821
30 Jun 2225,9781,0023,0461,775
31 Mar 2225,8341,2962,9451,746
31 Dec 2125,6821,0972,9171,718
30 Sep 2126,4351,3502,9751,697
30 Jun 2126,1311,2982,9471,654
31 Mar 2124,9501,0952,8871,618
31 Dec 2022,2518282,8881,600
30 Sep 2020,1362062,8921,505
30 Jun 2019,409-2792,9481,613
31 Mar 2020,270-4063,0691,712
31 Dec 1924,0261073,0751,840
30 Sep 1926,1522433,0641,983
30 Jun 1927,1541863,1021,919
31 Mar 1926,191-1493,1991,833
31 Dec 1822,223-5963,1741,755
30 Sep 1820,019-7423,1261,757
30 Jun 1818,738-5513,0831,795
31 Mar 1818,649-3572,9231,869
31 Dec 1719,141-5702,9231,884
30 Sep 1719,445-2152,9291,831
30 Jun 1719,679-3012,8921,807
31 Mar 1720,897-1682,9671,873
31 Dec 1622,4462832,9601,889
30 Sep 1622,962383,0472,004
30 Jun 1623,1262033,0032,043
31 Mar 1622,526-202,9711,994
31 Dec 1521,390-6252,9221,981
30 Sep 1521,367-6432,7771,917

Quality Earnings: 3704 has a high level of non-cash earnings.

Growing Profit Margin: 3704's current net profit margins (5%) are higher than last year (1.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 3704's earnings have declined by 15.2% per year over the past 5 years.

Accelerating Growth: 3704's earnings growth over the past year (359.6%) exceeds its 5-year average (-15.2% per year).

Earnings vs Industry: 3704 earnings growth over the past year (359.6%) exceeded the Communications industry 9.3%.

Return on Equity

High ROE: 3704's Return on Equity (11.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 09:04
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
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 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

Zyxel Group Corporation is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jackson ChiangKGI Securities Co. Ltd.
Jianzhang SuMasterlink Securities Investment Advisory
Amelia WuTaiwan Ratings Corp.