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LuxNet Returns to Profitability in Q3 with EPS of NT$0.33
Electronic Technology · Semiconductors · economic_daily · 2026-11-05
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LuxNet reported a Q3 profit of NT$36 million, marking a turnaround driven by laser foundry services, with management planning to triple capacity by 2027.
What Happened
Financial Results: LuxNet announced its third-quarter financial results, reporting a consolidated revenue of NT$326 million, representing a 66.3% quarterly increase and 115.9% year-over-year growth. The company achieved a net profit of NT$36 million for the quarter, resulting in earnings per share (EPS) of NT$0.33, successfully reversing previous losses.
Operational Turnaround: Analysts attribute the improved profitability to the integration of laser foundry services, which began contributing to the bottom line in July. With order volumes for foundry services increasing monthly, the company has seen a steady rise in capacity utilization and NRE revenue, signaling a return to a growth trajectory.
Expansion Strategy: The company has unveiled an ambitious expansion plan to increase production capacity quarter by quarter. Management expects total capacity by the end of 2027 to reach three times the level seen in 2026 to accommodate rising demand.
Future Outlook: Market observers remain optimistic about LuxNet's prospects, projecting that gross margins could exceed 40% by the second quarter of next year. This growth is expected to be driven by higher utilization rates and a more favorable product mix as the company scales its operations.