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Chang Guang September Profit Soars, Monthly EPS Outperforms Entire Q2
Electronic Technology · Semiconductors · economic_daily · 2026-10-23
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ABF substrate equipment maker Chang Guang reported a strong September with 68 million TWD in profit, driven by AI demand and plans for capacity expansion.
What Happened
Strong Monthly Earnings: Chang Guang reported a net profit of 68 million TWD for September, representing a 67-fold year-over-year increase. The monthly EPS of 0.86 TWD surpassed the entire second quarter's performance, signaling that the company has entered a peak period for equipment installation and revenue recognition.
AI-Driven Growth: Driven by sustained demand for AI substrates, Chang Guang's high-end equipment production is at full capacity, with mass shipments beginning in May. The company expects revenue recognition to accelerate toward the end of the year as clients complete their new facility construction and testing phases.
Pricing and Expansion: To mitigate rising material costs and capacity constraints, Chang Guang has implemented price hikes of over 20% for its components and machinery. Furthermore, the company is aggressively expanding its production footprint, including acquiring land in Toyota, Japan, aiming to increase annual high-end capacity from 216 to 336 units by 2028.
Technological Advancements: Beyond its core business, the company is investing in advanced packaging technologies such as EMIB, chip-in-substrate, and glass substrates. It is currently developing EMIB molding equipment for a major U.S. client, with testing expected to conclude as early as next year, providing a new growth engine for the future.