Q3 Revenue and Profit Both Hit Record Highs
Industrial computer maker Advantech (2395) held a board meeting on the 29th and announced its consolidated financial report for 2026 Q3. Q3 consolidated revenue was 324.40 hundred million yuan, up 83% year-on-year, setting a record for single-quarter revenue; consolidated net profit after tax was 62.18 hundred million yuan, up 125% year-on-year; Q3 earnings per share after tax was 7.15 yuan, with single-quarter revenue and profit both setting new records.
First-Three-Quarter EPS Already Surpassed Last Year’s Full Year
Cumulative consolidated revenue for the first 3 quarters was 789.52 hundred million yuan, up 49% year-on-year; gross operating profit was 297.21 hundred million yuan, with a gross margin of 37.6%; operating profit was 156.51 hundred million yuan, with an operating margin of 19.8%; consolidated net profit after tax was 140.70 hundred million yuan, up 88% year-on-year; EPS after tax for the first 3 quarters was 16.21 yuan, already surpassing the full-year performance of 2025. In terms of single-quarter profit structure, Q3 gross operating profit was 118.96 hundred million yuan, with a gross margin of 36.7%; operating profit was 67.95 hundred million yuan, with an operating margin of 20.9%.
All Regional Groups Posted Growth
By region, North America, Europe, China, North Asia, Taiwan and emerging markets all posted double-digit year-on-year growth in the first 3 quarters, rising 58%, 36%, 55%, 43%, 72% and 37% respectively. By business group, the IoT Automation Group, Intelligent Systems Group and Embedded Group grew 25%, 49% and 40% year-on-year respectively, while the Intelligent Services Group grew 7% year-on-year.
Strong Orders and Local Capacity Expansion in North America
CFO and General Manager of Comprehensive Business Management Chen Ching-Hsi said that in Q3, benefiting from edge AI market development and strong demand in semiconductor equipment, smart healthcare and other applications, along with supply-chain volatility and component price increases, customers continued to place orders actively, driving cumulative revenue up 49% year-on-year to a record high. Operating profit and net profit also grew strongly year-on-year, although gross margin declined short-term year-on-year due to rising prices of key components. The Q3 book-to-bill ratio was 1.64, with orders and shipments both rising quarter-on-quarter, and all 3 major regions growing from the previous quarter, with North America reaching 2.12, and Europe and China rising to 1.52 and 1.50 respectively, showing overall order momentum remained strong. Looking to Q4, despite ongoing raw-material cost volatility and supply-chain challenges, Advantech has launched corresponding plans to ensure stable long-term supply and continue its cost pass-through mechanism, which is expected to maintain high operational resilience. It is also accelerating investment in key markets such as the United States, Japan and Taiwan, with the new Tustin headquarters in Southern California, USA now officially opened and in production, integrating local assembly, technical services and customer collaboration resources to meet North American market demand, and taking Edge Computing and AI-Powered WISE Solutions as its medium- to long-term brand development pillars to drive scaled Edge AI deployment across vertical industries.