NT$30.15 ($0.95)

-0.10 (-0.33%)

Weekly Expected Move ±3.3%

NT$28 NT$29 NT$30 NT$31 NT$32

TWO · Industrials · Industrial - Distribution · Tech Score Neutral · Power 64 · NT$1.8B mcap · 40M float · 1.29% daily turnover

Revenue

$803M +1.3% ▲

5Y CAGR: -0.2%

Gross Profit

$175M -26.3% ▼

5Y CAGR: +2.5%

Operating Income

$46M -31.3% ▼

5Y CAGR: +16.4%

Net Income

$32M -74.4% ▼

5Y CAGR: +24.2%

EPS (Diluted)

$0.53 -74.5% ▼

5Y CAGR: +22.8%

EBITDA

$110M -50.9% ▼

5Y CAGR: +5.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$927M	$964M	$836M	$792M	$803M
YoY Growth	+14.3%	+4.0%	-13.3%	-5.3%	+1.3%
Cost of Revenue	$749M	$709M	$579M	$554M	$627M
Gross Profit	$178M	$255M	$257M	$238M	$175M
Gross Margin	19.2%	26.4%	30.8%	30.1%	21.9%
R&D Expenses	$22M	$15M	$16M	$21M	$18M
SG&A Expenses	$106M	$103M	$104M	$150M	$111M
Operating Expenses	$129M	$118M	$120M	$171M	$129M
Operating Income	$47M	$199M	$138M	$67M	$46M
Operating Margin	5.1%	20.6%	16.5%	8.5%	5.8%
Interest Expense	$5M	$7M	$10M	$12M	$12M
Income Before Tax	$42M	$191M	$171M	$158M	$45M
Tax Expense	$12M	$51M	$37M	$35M	$14M
Net Income	$30M	$140M	$135M	$124M	$32M
Net Margin	3.2%	14.5%	16.1%	15.6%	3.9%
EPS (Diluted)	$0.53	$2.48	$2.28	$2.08	$0.53
EBITDA	$104M	$254M	$239M	$224M	$110M
Shares Outstanding	56M	56M	59M	59M	60M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$182M	$185M	$176M	$223M	$184M	$219M	$245M	$241M
Cost of Revenue	$124M	$133M	$130M	$180M	$158M	$160M	$166M	$169M
Gross Profit	$57M	$52M	$46M	$44M	$26M	$60M	$79M	$72M
Gross Margin	31.6%	28.3%	26.3%	19.5%	14.1%	27.2%	32.4%	29.8%
R&D Expenses	$5M	$7M	$3M	$4M	$15M	$6M	$6M	$7M
SG&A Expenses	$28M	$51M	$31M	$21M	$25M	$34M	$30M	$30M
Operating Expenses	$33M	$58M	$35M	$24M	$36M	$34M	$36M	$37M
Operating Income	$24M	-$5M	$12M	$19M	-$10M	$26M	$43M	$35M
Operating Margin	13.4%	-2.8%	6.6%	8.6%	-5.6%	11.7%	17.7%	14.4%
Interest Expense	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M
Income Before Tax	$9M	$31M	$23M	-$62M	$34M	$50M	$59M	$44M
Tax Expense	$2M	$8M	$5M	-$5M	$375K	$13M	$13M	$8M
Net Income	$7M	$23M	$18M	-$58M	$34M	$37M	$46M	$36M
Net Margin	3.8%	12.7%	10.2%	-25.8%	18.5%	17.0%	18.6%	15.1%
EPS (Diluted)	$0.12	$0.39	$0.30	$-0.96	$0.57	$0.62	$0.76	$0.61
EBITDA	$27M	$48M	$40M	-$46M	$50M	$67M	$55M	$48M
Shares Outstanding	57M	61M	60M	60M	60M	60M	60M	60M

4543.TWO TWO