Buy Or Sell Opportunity • 12h
Now 20% overvalued Over the last 90 days, the stock has fallen 5.3% to NT$522. The fair value is estimated to be NT$434, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 18% in a year. Earnings are forecast to grow by 28% in the next year. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$548, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total loss to shareholders of 5.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$433 per share. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Independent Director Wang-Ruu Tseng was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 30
Upcoming dividend of NT$13.50 per share Eligible shareholders must have bought the stock before 07 July 2026. Payment date: 31 July 2026. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.0%). Duyuru • Jun 02
Airoha Technology Partners With E Ink For Global Debut Of 4.2-Inch Ripple ESL At Computex 2026 Airoha Technology announced its inaugural exhibition at the ePaper Pavilion during Computex 2026. Leveraging 20 years of deep technological expertise in wireless transmission, Airoha's Bluetooth audio chips have earned widespread adoption and validation from global Tier-1 acoustic brands. Building on this robust foundation, Airoha is expanding its footprint in the Short-range Wireless IC market in 2026, officially extending its reach from audio into Bluetooth data transmission. Markedly, Airoha is the world's first IC designer to realize the 4.2-inch Ripple ESL (Electronic Shelf Label) chip, demonstrating its exceptional wireless technology prowess in anti-interference and transmission reliability. E Ink continues to pioneer new form factors for ESL products. Leveraging E Ink's innovative waveform and algorithm architecture, the two companies are jointly showcasing the Ripple ESL, a solution engineered to mitigate flashing. This technology utilizes a wave-like Ripple animation effect for screen transitions, significantly reducing the flashing sensation typical of traditional ePaper page turns. This delivers smoother visual updates—crucial elements for dynamic Retail Media Networks (RMN) and point-of-purchase advertising. Airoha Technology's newly launched AB161x series chips support all types of ESLs adopting the Bluetooth SIG 5.4 standard. The exclusive new-generation 4.2-inch small-format Ripple ESL not only diversifies application environments but also specifically fulfills the emerging retail media demand for shelf labels that double as high-impact visual advertising mediums. Not only have they expanded into the ESL ePaper application market, but they have also achieved mass production in gaming HID (Human Interface Device) product lines. Centered on deep foundational Bluetooth wireless technology, will continue to collaborate with global partners to pioneer broader commercial application markets. Declared Dividend • Jun 01
Dividend increased to NT$13.50 Dividend of NT$13.50 is 8.0% higher than last year. Ex-date: 7th July 2026 Payment date: 31st July 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next year, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 08
Price target increased by 14% to NT$701 Up from NT$614, the current price target is an average from 6 analysts. New target price is 7.0% below last closing price of NT$753. Stock is up 45% over the past year. The company is forecast to post earnings per share of NT$20.88 for next year compared to NT$17.32 last year. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to NT$720, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$415 per share. Reported Earnings • May 05
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: NT$4.47 (up from NT$4.36 in 1Q 2025). Revenue: NT$5.46b (up 4.5% from 1Q 2025). Net income: NT$748.0m (up 2.4% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 4.6% 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 4.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.2% average weekly change). New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$610, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$547 per share. Price Target Changed • Mar 15
Price target decreased by 7.8% to NT$596 Down from NT$646, the current price target is an average from 5 analysts. New target price is 12% above last closing price of NT$533. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$21.81 for next year compared to NT$17.32 last year. Reported Earnings • Feb 26
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: NT$17.32 (up from NT$16.10 in FY 2024). Revenue: NT$20.9b (up 9.4% from FY 2024). Net income: NT$2.90b (up 7.8% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Feb 25
Airoha Technology Corp., Annual General Meeting, May 29, 2026 Airoha Technology Corp., Annual General Meeting, May 29, 2026. Location: 2 floor no,26, t`ai yuan st., jhubei city, hsinchu county Taiwan Reported Earnings • Nov 01
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: NT$3.99 loss per share (down from NT$5.09 profit in 3Q 2024). Net loss: NT$670.2m (down 179% from profit in 3Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Duyuru • Oct 13
Mediatek and Airoha Technology Unveil World's First Ai-Powered Fiber Gateway Platform At Network X 2025 in Paris, France, from October 14-16, MediaTek and Airoha Technology are jointly debuting a edge and cloud AI Fiber Gateway platform, custom-engineered for global telecom operators. This innovation addresses carrier-specific needs, delivering over 30% enhancement in network service efficiency, resolving key user pain points, and significantly elevating Quality of Experience (QoE) while driving operational profitability. With MediaTek Group's chips powering more than 2 billion connected endpoint devices annually worldwide, the company leverages unparalleled edge AI integration expertise to empower telecom leaders in unlocking transformative AI service opportunities. The seamless fusion of MediaTek's Wi-Fi 7 Filogic 680 and Airoha's XGS-PON AN7581 chipsets unleashes robust edge AI computing capabilities in this first-of-its-kind AI Fiber Gateway platform. Supporting major software frameworks like prplOS, RDK-B, and OpenWrt, it harnesses AI-driven autonomous learning to analyze and optimize network traffic, efficiently managing all tasks between Wi-Fi and PON. Fully compliant with the latest telecom standards for seamless interoperability, its Fiber-to-the-Home (FTTH) packet congestion optimization and Wi-Fi anti-interference technologies reduce latency, boost data throughput, and enhance overall network energy efficiency--delivering a substantial uplift in user satisfaction. Enable: AI-Driven Traffic Management, Instant Troubleshooting, and Experience Optimization: By embedding advanced data analytics engines directly into the AI gateway, MediaTek and Aroha enable carrier-grade edge AI services. Telecom operators can leverage AI QoE technology for intelligent traffic classification and real-time optimization, achieving over 30% improvement in user network experiences. This includes AI-controlled FTTH endpoint packet management to prevent congestion and enhanced Wi-Fi anti-inter Conference for 20% higher throughput with reduced latency. Powered by sophisticated AI algorithms, the gateway performs automated root-cause analysis of network issues right at the endpoint, cutting Mean Time to Recovery (MTTR) by 40%. Through machine learning tailored to specific usage behaviors, it tackles challenges like buffering in high-traffic video streaming, traffic allocation during game downloads, interference delays in video conferencing, and real-time alerts for anomalous data packets--streamlining operations and minimizing downtime for maximum ROI. Price Target Changed • Aug 06
Price target decreased by 10% to NT$646 Down from NT$721, the current price target is an average from 4 analysts. New target price is 20% above last closing price of NT$539. Stock is down 4.4% over the past year. The company is forecast to post earnings per share of NT$18.21 for next year compared to NT$16.10 last year. Reported Earnings • Aug 02
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: NT$4.64 (down from NT$4.78 in 2Q 2024). Revenue: NT$5.52b (up 13% from 2Q 2024). Net income: NT$778.0m (down 2.8% from 2Q 2024). Profit margin: 14% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.0%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 26
Upcoming dividend of NT$12.50 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (2.3%). Declared Dividend • May 31
Dividend of NT$12.50 announced Shareholders will receive a dividend of NT$12.50. Ex-date: 3rd July 2025 Payment date: 31st July 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • May 30
Airoha Technology Corp. Approves Cash Dividend, Payable on July 31, 2025 Airoha Technology Corp. at the directors or shareholders meeting held on may 25, 2025, approved Cash dividend from earnings: TWD 1,088,786,101, Cash distribution from capital reserve: TWD 1,005,033,324. Payment date of common stock cash dividend distribution: July 31, 2025. Ex-rights (ex-dividend) record date: July 11, 2025. Ex-rights (ex-dividend) trading date: July 3, 2025. Duyuru • May 23
Airoha Technology Corp. Approves Board Appointments Airoha Technology Corp. at its shareholders meeting held on May 22, 2025, Elections for board of directors and supervisors: Director: MediaTek Inc. Representative: David Ku; Director: MediaTek Inc. Representative: Cheng-Hung Kuo. Major Estimate Revision • May 06
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$21.49 to NT$18.51 per share. Revenue forecast steady at NT$22.8b. Net income forecast to grow 15% next year vs 24% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$742 to NT$705. Share price fell 4.5% to NT$493 over the past week. Duyuru • Apr 19
Airoha Technology Corp. to Report Q1, 2025 Results on Apr 28, 2025 Airoha Technology Corp. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$470, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$323 per share. Reported Earnings • Mar 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NT$16.10 (up from NT$6.47 in FY 2023). Revenue: NT$19.1b (up 41% from FY 2023). Net income: NT$2.69b (up 178% from FY 2023). Profit margin: 14% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Major Estimate Revision • Mar 12
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$20.78 to NT$23.05. Revenue forecast steady at NT$22.8b. Net income forecast to grow 61% next year vs 19% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$768. Share price fell 4.3% to NT$622 over the past week. Duyuru • Feb 26
Airoha Technology Corp., Annual General Meeting, May 22, 2025 Airoha Technology Corp., Annual General Meeting, May 22, 2025. Location: 2 floor no,26, t`ai yuan st., jhubei city, hsinchu county Taiwan Duyuru • Feb 18
Airoha Technology Corp. to Report Fiscal Year 2024 Results on Feb 25, 2025 Airoha Technology Corp. announced that they will report fiscal year 2024 results on Feb 25, 2025 Price Target Changed • Nov 26
Price target decreased by 8.5% to NT$787 Down from NT$860, the current price target is an average from 3 analysts. New target price is 26% above last closing price of NT$625. Stock is up 17% over the past year. The company is forecast to post earnings per share of NT$15.43 for next year compared to NT$6.47 last year. Major Estimate Revision • Nov 26
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$17.39 to NT$15.43 per share. Revenue forecast steady at NT$19.1b. Net income forecast to grow 54% next year vs 32% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$860 to NT$787. Share price rose 5.2% to NT$625 over the past week. Reported Earnings • Nov 17
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: NT$5.09 (up from NT$2.92 in 3Q 2023). Revenue: NT$5.56b (up 45% from 3Q 2023). Net income: NT$852.2m (up 101% from 3Q 2023). Profit margin: 15% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Duyuru • Oct 18
Airoha Technology Corp. to Report Q3, 2024 Results on Oct 25, 2024 Airoha Technology Corp. announced that they will report Q3, 2024 results on Oct 25, 2024 Duyuru • Oct 01
MediaTek and Airoha Technology Announce the Introduction of Wi-Fi 7 and 10G-PON MediaTek in collaboration with its subsidiary Airoha Technology (AIROHA), announced the industry's most comprehensive and performance Wi-Fi 7 and 10G-PON platform solution, serving world-wide broadband service providers. Over the past three years, MediaTek and AIROHA have been successively selected by many tier-1 service providers with design wins in over 30 projects worldwide featuring Wi-Fi 7 with 10G-PON technology solution. Several of these projects are expected to pass the final tests at, tier-1 service providers in Europe, and will start commercial service started beginning of 2025. Additionally, MediaTek and AirOHA have partnered with numerous global ODM/OEM partners to offer reliable and fully integrated solutions, aiding small and mid-size broadband service providers to swiftly launching their services. MediaTek and AIROha's Wi-Fi 7 and 10 G-PON solutions support a variety of mainstream software operating systems and development environments, including prplOS, RDK-B, OpenWrt, and OpenSync. This allows service providers to fully meet their goals for software customization and product differentiation. Moreover, in response to the recent rise in electricity prices felt by consumers, MediaTek and AIR OHA's solutions feature an intelligent Adaptive Voltage Scaling (AVS) technology that provides significant energy-savings by dynamically reducing system power consumption. This capability also allows service providers to fulfill their commitment to carbon reduction and environmental protection. The solution has already been recognized by leading European service providers as the lowest power consumption and most energy efficient chip in its class. Unified Architecture Significantly Reduces Operational Costs While Accelerating New Market Deployment: MediaTek and AIRO HA's platform extends beyond chips by offering a complete software and hardware solution with exceptional development flexibility and extensibility. The platform reduces design complexity, maintenance, and customer support for operators. In addition, this joint solution also accelerates time to market and service deployment. This is particularly important as service providers expand and scale across all their operating regions by allowing a single solution to scale and meet the market expansion demands across various continents. The MediaTek Group boasts a multitude of long-standing clients, some relationships extending over 20 years, across various technological fields. The iterative enrichment of technology in these areas relies entirely on ensuring value partnerships with clients. ongoing commitment is to transform leading chip design capabilities into a competitive edge for clients, with their market achievements serving as long-term commitment. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: NT$4.78 (up from NT$1.88 in 2Q 2023). Revenue: NT$4.90b (up 39% from 2Q 2023). Net income: NT$800.6m (up 193% from 2Q 2023). Profit margin: 16% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Duyuru • Jul 19
Airoha Technology Corp. to Report Q2, 2024 Results on Jul 26, 2024 Airoha Technology Corp. announced that they will report Q2, 2024 results on Jul 26, 2024 New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Duyuru • Jun 24
Airoha Technology Corp. Approves Cash Dividend for the Year 2023, Payable on August 2, 2024 Airoha Technology Corp. at its shareholders meeting held on June 21, 2024, approved that the type and monetary amount of original dividend distribution: Cash dividends TWD 830,108,515, TWD 5 per share of common stock. Type and monetary amount of dividend distribution after the change: Cash dividends TWD 830,108,515, TWD 4.95570740 per share of common stock. Ex-rights (ex-dividend) trading date: July 9, 2024. Ex-rights (ex-dividend) record date: July 15, 2024. Payment date of common stock cash dividend distribution: August 2, 2024. Declared Dividend • Jun 23
Dividend reduced to NT$4.96 Dividend of NT$4.96 is 67% lower than last year. Ex-date: 9th July 2024 Payment date: 2nd August 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 62%. Cash payout ratio: 29%. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$2.46 (vs NT$0.82 in 1Q 2023) First quarter 2024 results: EPS: NT$2.46 (up from NT$0.82 in 1Q 2023). Revenue: NT$3.83b (up 26% from 1Q 2023). Net income: NT$409.8m (up 244% from 1Q 2023). Profit margin: 11% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue. Duyuru • Apr 28
Airoha Technology Corp. to Report Q1, 2024 Results on May 03, 2024 Airoha Technology Corp. announced that they will report Q1, 2024 results on May 03, 2024 New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin). Shareholders have been diluted in the past year (14% increase in shares outstanding). Buy Or Sell Opportunity • Apr 15
Now 20% undervalued Over the last 90 days, the stock has risen 22% to NT$630. The fair value is estimated to be NT$788, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • Mar 14
Now 20% undervalued Over the last 90 days, the stock has risen 8.8% to NT$629. The fair value is estimated to be NT$787, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 28%. Reported Earnings • Mar 07
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: NT$6.47 (down from NT$19.90 in FY 2022). Revenue: NT$13.6b (down 28% from FY 2022). Net income: NT$969.3m (down 67% from FY 2022). Profit margin: 7.1% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 9.0%. Duyuru • Feb 24
Airoha Technology Corp., Annual General Meeting, Jun 21, 2024 Airoha Technology Corp., Annual General Meeting, Jun 21, 2024. Location: Einstein Hall, 2F., No.1, Gongye E. 2nd Rd., East Dist Hsin Chu City Taiwan Agenda: To consider 2023 Business Report; to Report on cash dividends from 2023 profits; to Report on 2023 employees' compensation and remuneration to Directors; to Adopt the 2023 Business Report and Financial Statements ; to Adopt the Proposal of Distribution of 2023 Profits; and to consider other matters. Duyuru • Jan 23
Airoha Technology Launches AG3335MA Satellite Positioning Chip Series Airoha Technology launched the AG3335MA satellite positioning chip series in the end of December 2023, which has passed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications. Additionally, the company has successfully integrated this series of chips with its parent company, MediaTek, and their Dimensity Auto platform, providing highly integrated solutions and technical testing services to automotive manufacturers worldwide. The reliability and safety requirements for automotive electronic components are significantly higher than those for consumer electronic products. AEC-Q100 is the certification standard specifically designed for automotive chips. In the standard declaration process, Airoha Technology's AG3335MA series chips have obtained AEC-Q100 certification conducted by a third-party quality management system with an automotive specification laboratory. This certification is divided into five Grades based on the extreme temperature range within the vehicle usage scenarios. AEC-Q100 Reliability Qualification Standards comprises 13 technical standards, including High Temperature Operating Life (HTOL), Preconditioning, Early Life Failure Rate (ELFR), High Temperature Storage (HTS), Powered temperature Cycling (PTC), etc. AEC-Q100 according to operating temperature divides into 5 Grades: Grade 0: operating temperature ranges from -40 @C ~150 @C; Grade 1: operating temperature ranges from - 40 @C ~125 @C; Grade 2: operating temperature ranges from -38 @C ~105 @C; Grade 3: operating temperature ranges from-40 @C ~85 @C; Grade 4: operating temperature ranges from -30 @C; and 5 GNSS satellite constellations and NavIC: include GPS (US), Quasi-Zenith Satellite System (QZSS) of Japan, Galileo of Europe, Beido of China, and Navigation with Indian Constellation (NavIC) the Indian regional navigation system. GNSS: (Global Navigation Satellite System): is a general term describing any satellite constellation in global that provides positioning, navigation services. These satellite constellations include 5 major global constellation and some regional ones with limited coverage.dBm: receiver sensitivity refers to the lowest level of electromagnetic wave energy that a receiver can detect, measured in dBm. Sens sensitivity is expressed in negative values, with smaller negative values indicating the receiver's ability to detect weaker signal strengths and thus higher sensitivity. ISO 26262: is internally recognized automotive functional safety standards provide a comprehensive definition of the automotive product safety lifecycle standard. It encompasses not only products at the system and hardware levels but also serves as essential assessment guidelines for software-level product development. ISO 26262 provides the automotive industry its own proprietary identification system to assess the level of vehicle safety integrity. The higher the level, the more stringent the development process. Reported Earnings • Nov 08
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: NT$2.92 (down from NT$4.58 in 3Q 2022). Revenue: NT$3.84b (down 18% from 3Q 2022). Net income: NT$424.8m (down 36% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 46%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to NT$415, the stock trades at a trailing P/E ratio of 49.8x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total loss to shareholders of 18% over the past year. Upcoming Dividend • Jul 13
Upcoming dividend of NT$15.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 15 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%). Reported Earnings • May 13
First quarter 2023 earnings released First quarter 2023 results: Revenue: NT$3.03b (down 42% from 1Q 2022). Net income: NT$119.2m (down 89% from 1Q 2022). Profit margin: 3.9% (down from 20% in 1Q 2022). The decrease in margin was driven by lower revenue. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Oct 06
Airoha Technology Corp. Kicks off Ultra-Fast Symmetric 8 Gbps Deployments and Sets a New Benchmark for Global Fixed Broadband Transformation with Breakthroughs in XGS-PON Technology Airoha Technology Corp. announced that it had landed the U.S. market with deployments of the world's fastest XGS-PON broadband networks that ensure symmetric 8 Gbps upload and download speeds with 3ms low latency. Deployed to a number of project areas in collaboration with a U.S. telecom company, the AIROHA IC chips for fiber optical broadband Customer Premise Equipment strictly observe standards set by the Federal Communications Commission with a symmetric speed of 8 gigabits per second verified by Speedtest which is the fastest so far in the real world optical fiber networks, and have set a new benchmark for the introduction of 10G-PON technology amid the world's recovery from the COVID-19 pandemic and thriving developments of digital content market. A subsidiary of the IC giant MediaTeK, AIROHA has more than 20 years of engineering experience in fixed network with an inclusive product portfolio for fixed broadband aimed to provide interoperability and reliability in a highly heterogeneous and stability-demanding environment. The case has demonstrated AIROHA's ability in assisting telecom carriers and network operators to deploy high-performance services to the premises of their customers with faster-than-expected pace and reduced operating and maintenance costs. The Federal Infrastructure Investment and Job Act of 2021 requires the federal government of the U.S. to spend $65 billion on broadband access, which has become the industry's biggest focus. To help establish the credibility of the entire industrial ecosystem, the FCC has set rigid regulations for ensuring that the quality of network services will live up to their providers' promises. In August 2022, AIROHA helped a U.S. telecom operator commercialize the world's first XGS-PON services that achieve a real-world speed of symmetrical 8 Gbps in compliance with FCC regulations. For telecom operators, fiber broadband is not just about providing network speed with stability and reliability, but more essentially, is also about the ability to keep compliance with FCC and earn trust from the broad market. The most critical and difficult part about the U.S. 8 Gbps XGS-PON deployments is to achieve low latency under 3ms as tested against Speedtest® standards. AIROHA solves this challenge through impeccable software and hardware integration as well as firmware optimization. Market demands rising from Work from Home (WFH) trend during the COVID-19 pandemic and the rapid developments of content technologies are driving fixed-line broadband operators to migrate to fiber optical cable at an accelerated pace. Innovative applications including 4K and 8K video streaming, AR, VR and Metaverse need high speed data transfer of high-quality video and audio content. Network service providers therefore have been looking into more advanced PON technology of 10G-PON. And, moreover, proposed 25G/50G-PON specifications are looming in the upcoming future. Based upon 20 years of accumulative experience in deploying broadband services for 150+ operator customers, Aroha Technology had been able to help the U.S. telecom carrier to realize the world's first symmetric 8 Gbps broadband services in just two years with a two-phase project. During the past two years, AIROHA has rolled out all its expertise in delivering SoC, software and services to gain the trust of the customer. AIROHA has a full range of market-leading fiber migration solutions, from xDSL, xPON to 10G-PON. AIROHA is able to provide the compatibility and interoperability needed for broadband services with supports for various exiting devices from different vendors. AIROHA fully understands the pain points telecom operators and network operators would face in PON transformation. Duyuru • Jul 26
Airoha Sets 10-Year Milestone with Bluetooth® Le Audio Certification Airoha Technology announced that its new series of Bluetooth audio chips have successfully completed the latest Bluetooth® Low Energy Audio Qualification Process. This is one of the most important R&D achievements of its Bluetooth audio R&D team consisted of hundreds of engineers, who continues to revolutionize the wireless audio end device market. The "flagship" and "professional" series of chipsets support LE audio and Bluetooth 5.3 for multiple applications such as True Wireless Stereo (TWS) earbuds, Bluetooth smart speakers, assistive listening devices, and Bluetooth transmitters. The products are currently being tested by many brand customers and are expected to be available worldwide in the first half of 2023. Auracast broadcast audio sharing, the most important technology in the Bluetooth LE Audio qualification, is the industry standard for one-to-many unidirectional audio playback, which will dramatically change the audio service model of existing dedicated earbuds. As Auracast improves the convenience and experience of users and reduces the cost of service providers, it will inspire more innovative application services and scenarios. For example, museum tours no longer need to provide dedicated headset rentals, and visitors can receive audio services inside by wearing portable earbuds of their own. Other venues such as gatherings, ball games, concerts, and even corporate events can also use this feature to provide customized and innovative services that will dramatically change the consumer experience and corporate service model. In addition to supporting broadcast audio, Bluetooth LE Audio also offers two major advantages: improved sound quality and low latency. In the past, true wireless stereo (TWS) Bluetooth earbuds were limited by size, weight and battery capacity, which made it difficult to find a balance between hardware requirements and sound quality. According to the Bluetooth SIG, the LC3 codec introduced by LE Audio can transmit audio at half the bitrate of traditional SBC without compromising sound quality. In addition, LE Audio reduces the latency issue by 70%. Therefore, in the foreseeable future, LC3 will become a standard for high-quality and power-saving Bluetooth audio codec. By launching two series of chips, Airoha Technology not only brings new experiences and changes to the global wireless audio market, but they also introduced the high performing and low-power consuming Software Development Kit (SDK). Integrating the full range of features required by different Bluetooth applications, the SDK further simplifies the R&D design of Bluetooth connectivity and allows its customers to accelerate the time-to-market of their end devices and create a new, seamless user experience. Series: The performance leader AB1585 supports the latest LE Audio and Bluetooth 5.3, with built-in HiFi 5 DSP for high computing power, suitable for running AI algorithms and provides customizable and flexible applications for headphones, TWS, speakers and assistive listening devices, etc., while simultaneously allowing for personalized wireless audio experience beyond imagination. Professional Series: The low-power consumption and highly-integrated AB1565/AB1568 supports the latest LE Audio and Bluetooth 5.3 system which is suitable for headphones, TWS, speakers and Bluetooth transmitters. It also enables quick mass introduction of market applications for the enterprise and a professional user experience. Board Change • Jun 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.