Primax Electronics Ltd. (TWSE: 4915) today held an earnings call for the second quarter ended June 30.

Key 2Q25 Financial Highlights

• Revenue was NT$14.6 billion, down 5.1% year-over-year (YoY)
• Gross margin was 17.5%, up 0.2 ppt YoY and 0.3 ppt QoQ
• Operating margin was 4.8%, down 0.2 ppt QoQ and 0.4 ppt YoY
• Net income was NT$733 million, down 7.5% YoY
• Earnings per share (EPS) was NT$1.60, flat YoY

Primax’s 1H25 consolidated revenue amounted to NT$29.4 billion, up 1.2% YoY. 1H25 gross margin and operating margin were 17.3% and 4.9%, up 0.6 ppt and 0.1 ppt YoY, respectively. Net income was NT$1.47 billion, translating to EPS of NT$3.21, up 11.5% YoY for the first half of 2025.

For 2Q25 revenue breakdown, information products accounted for 49% of total revenue, followed by Auto/AIoT products at 33% and smart lifestyle products at 18%. Primax has been optimizing its product mix, with Auto/AIoT products steadily increasing year by year, driving improvements in gross margin and reinforcing the company’s mid- to long-term growth momentum.

YY Hsiao, General Manager and CFO of Primax, stated that the sharp appreciation of the NTD in the second quarter had a slight impact on NTD revenue. PC-related products remained solid, coupled with strong high-margin AIoT shipments and new project ramp-ups. These factors further enhanced product mix optimization and resulted in a record-high gross margin performance, reaffirming the company’s diversified product strategy. Despite currency headwinds, Primax effectively mitigated FX risk through solid hedging strategies and recognized FX gains in 2Q25. Overall 2Q profitability remained resilient, and EPS was flat compared with the same period last year, demonstrating financial stability.

Looking ahead to 3Q25, Primax will further advance its AI vision and X-in-1 Sensory Fusion technologies in key areas such as AI surveillance, automotive applications, and industrial inspection to support stable growth in high-margin segments. In light of global currency fluctuations, the company is enhancing both natural and financial hedging strategies. In response to tariffs and rising geopolitical uncertainty, Primax is proactively adjusting its overseas manufacturing allocation to meet customers’ dynamic needs. Primax is also advancing automation and smart manufacturing systems to further improve operational efficiency and long-term competitiveness. Through optimizing its product portfolio and strengthening risk management, Primax is enhancing operational resilience and adapting to market changes.