AUO Corporation ("AUO" or the "Company") (TWSE: 2409) today held its investor conference and announced its consolidated financial results for the first quarter of 2026⁽¹⁾.

Consolidated revenues in the first quarter of 2026 were NT$69.03 billion, down by 1.6% quarter-over-quarter and down by 4.3% year-over-year. AUO’s net loss attributable to owners of the Company for the first quarter of 2026 was NT$1.14 billion, with a basic EPS⁽²⁾ of NT$-0.15.    

Highlights of consolidated results for the first quarter of 2026

• Revenues of NT$69.03 billion
• Operating loss of NT$0.64 billion
• Net loss attributable to owners of the Company at NT$1.14 billion
• Basic EPS⁽²⁾ was -NT$0.15
• Gross margin was 11.9%
• Operating margin was -0.9%
• EBITDA⁽³⁾ margin was 9.6%

(1) All financial information was prepared by the Company in accordance with Taiwan IFRS. ADLINK Technology Inc. ("ADLINK") convened its annual general meeting of shareholders in late June 2025, during which a full re-election of the Board of Directors was conducted. As a result of the election, AUO secured a majority of the ordinary director seats. Accordingly, effective June 30, 2025, ADLINK has been included in AUO’s consolidated financial statements.

(2) Basic EPS in the first quarter of 2026 was calculated based on the weighted average outstanding shares of the reporting quarter (7,547 million shares).

(3) EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.

In the first quarter, consolidated revenue decreased 1.6% quarter-over-quarter. Display pillar revenue was down by merely 3%, as early pull-ins of consumer electronics products driven by memory shortages and rising panel prices partially offset seasonal weakness. Mobility Solutions revenue also fell 3% quarter-over-quarter, reflecting seasonal softness in the automotive market. In contrast, Vertical Solutions benefited from recovering needs for commercial and industrial panels, posting a 2% quarter-over-quarter growth. Operating profitability improved due to favorable foreign exchange movements, higher panel prices, and the Company’s ongoing operating expense control efforts, resulting in a narrower operating loss compared to the previous quarter. Net loss attributable to the parent company was NT$1.14 billion this quarter. Inventory days stood at 56 days and net debt ratio was 32.1%, both remained at relatively healthy levels.

Looking into the second quarter, demand momentum from consumer electronics customers is expected to soften, while automotive and vertical businesses should continue to grow steadily. Looking ahead to the second half of 2026, heightened uncertainties from geopolitical, energy supply, and inflation limit market visibility. AUO will remain cautious and responsive to evolving market conditions and in the meantime, satisfy customers’ demand.