First-Three-Quarter Profit Surges 88%, EPS Exceeds Last Full Year
Global industrial IoT leader Advantech (2395) announced its consolidated financial report for the third quarter of 2026, with cumulative consolidated revenue for the first three quarters reaching NT$78.952 billion, up 49% year-on-year. Cumulative consolidated net profit after tax for the first three quarters was NT$14.07 billion, up 88% year-on-year, and cumulative EPS reached NT$16.21, already exceeding the full year of 2025. In US dollar terms, cumulative revenue for the first three quarters reached US$2.485 billion, up 46% year-on-year, showing a full recovery in global market demand.
Third-Quarter Revenue and Profit Both Hit Record Highs, Gross Margin 36.7%
In terms of single-quarter performance, Advantech posted consolidated revenue of NT$32.44 billion in the third quarter of 2026, up 83% year-on-year, setting a new single-quarter revenue record. Single-quarter gross profit was NT$11.896 billion, with a gross margin of 36.7%, operating profit of NT$6.795 billion, an operating margin of 20.9%, and consolidated net profit after tax of NT$6.218 billion, up 125% year-on-year, with third-quarter EPS of NT$7.15, as revenue and profit both set new records.
By region, North America, Europe, China, North Asia, Taiwan and emerging markets all posted double-digit year-on-year growth, growing 58%, 36%, 55%, 43%, 72% and 37% respectively. By business group, the IoT Automation Group grew 25%, the Intelligent Systems Group grew 49%, the Embedded Group grew 40%, and the Intelligent Services Group also grew 7%, with all four business groups posting positive growth.
Strong Order Momentum, Book-to-Bill Ratio Reaches 1.64
Advantech CFO and General Manager of Comprehensive Business Management Chen Qingxi said that in the third quarter, benefiting from strong demand in the edge AI market, semiconductor equipment and smart healthcare applications, coupled with supply chain fluctuations and component price increases, customers continued to place orders actively. The third-quarter book-to-bill ratio was 1.64, reaching 2.12 in North America, and rising to 1.52 in Europe and 1.50 in China respectively, with overall order momentum remaining strong.
New North America Headquarters Completed, Deepening Local Integrated Services
To fully deepen its North America market presence, Advantech officially held the inauguration ceremony for its new North America headquarters in Tustin, California on October 20 US time, followed by the Advantech Technology Summit on the 21st, together with global key technology partners including AMD, Intel, NVIDIA and Qualcomm, to jointly explore edge computing and Edge AI innovation applications. Advantech North America General Manager Niu Wenzhong noted that the new headquarters campus covers 10 acres, with a new system integration and service center providing customized system assembly, software-hardware integration and product testing and delivery services, and by strengthening local R&D, manufacturing and system integration capabilities, it will effectively shorten the timeline from product development and design to testing and delivery.
Looking ahead to the fourth quarter, Advantech will continue to focus on Edge Computing & AI-Powered WISE Solutions as its medium- to long-term brand development pillar, deepen global localization services, accelerate the scaled deployment of Edge AI solutions across major vertical industries, and realize its corporate vision as an enabler of an intelligent Earth.