NT$187.50 ($5.89)

+2.00 (+1.08%)

Weekly Expected Move ±2.6%

NT$178 NT$183 NT$188 NT$192 NT$197

TWO · Technology · Semiconductors · Tech Score Neutral · Power 45 · NT$28.5B mcap · 133M float · 1.44% daily turnover

Revenue

$9.1B +9.1% ▲

5Y CAGR: +2.3%

Gross Profit

$5.5B +6.6% ▲

5Y CAGR: +3.2%

Operating Income

$1.9B +7.5% ▲

5Y CAGR: +1.1%

Net Income

$1.8B -1.5% ▼

5Y CAGR: +4.2%

EPS (Diluted)

$12.38 +1.1% ▲

5Y CAGR: +3.8%

EBITDA

$1.9B -21.2% ▼

5Y CAGR: -2.5%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$8.8B	$5.2B	$5.8B	$8.4B	$9.1B
YoY Growth	+8.0%	-40.6%	+11.8%	+43.1%	+9.1%
Cost of Revenue	$3.8B	$2.4B	$2.5B	$3.2B	$3.6B
Gross Profit	$5.0B	$2.8B	$3.4B	$5.2B	$5.5B
Gross Margin	57.1%	54.0%	57.6%	62.0%	60.6%
R&D Expenses	$2.2B	$1.9B	$1.8B	$2.4B	$0
SG&A Expenses	$1.0B	$903M	$857M	$1.0B	$0
Operating Expenses	$3.2B	$2.8B	$2.7B	$3.4B	$3.6B
Operating Income	$1.9B	$1.1B	$714M	$1.8B	$1.9B
Operating Margin	21.9%	20.9%	12.2%	21.0%	20.7%
Interest Expense	$7M	$5M	$4M	$5M	$0
Income Before Tax	$1.9B	$1.1B	$885M	$2.0B	$2.1B
Tax Expense	$350M	$57M	$86M	$253M	$302M
Net Income	$1.6B	$1.1B	$799M	$1.8B	$1.8B
Net Margin	17.9%	20.1%	13.7%	21.7%	19.6%
EPS (Diluted)	$10.91	$7.23	$5.45	$12.24	$12.38
EBITDA	$2.3B	$1.4B	$1.2B	$2.4B	$1.9B
Shares Outstanding	144M	145M	147M	149M	144M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.3B	$2.3B	$2.3B	$2.3B	$2.2B	$2.3B	$2.2B	$2.5B
Cost of Revenue	$843M	$840M	$891M	$856M	$1.0B	$949M	$895M	$1.1B
Gross Profit	$1.4B	$1.5B	$1.5B	$1.4B	$1.2B	$1.3B	$1.3B	$1.5B
Gross Margin	62.7%	63.5%	62.1%	62.4%	54.6%	58.5%	59.5%	58.2%
R&D Expenses	$634M	$679M	$681M	$609M	$650M	$702M	$639M	$687M
SG&A Expenses	$276M	$271M	$249M	$227M	$232M	$245M	$241M	$193M
Operating Expenses	$877M	$950M	$929M	$836M	$825M	$946M	$932M	$996M
Operating Income	$512M	$513M	$528M	$588M	$383M	$392M	$382M	$481M
Operating Margin	22.6%	22.3%	22.5%	25.8%	17.3%	17.1%	17.3%	19.0%
Interest Expense	$2M	$1M	$1M	$1M	$1M	$0	$1M	$1M
Income Before Tax	$533M	$626M	$625M	$387M	$523M	$554M	$460M	$593M
Tax Expense	$66M	$77M	$88M	$30M	$86M	$98M	$73M	$87M
Net Income	$479M	$558M	$545M	$366M	$442M	$455M	$390M	$506M
Net Margin	21.2%	24.2%	23.2%	16.1%	20.0%	19.9%	17.6%	19.9%
EPS (Diluted)	$3.23	$3.64	$3.65	$2.46	$2.95	$3.12	$2.59	$3.46
EBITDA	$625M	$725M	$725M	$495M	$637M	$392M	$504M	$608M
Shares Outstanding	148M	153M	149M	149M	150M	146M	146M	146M

3227.TWO TWO