NT$92.20 ($2.90)

-0.50 (-0.54%)

Weekly Expected Move ±0.8%

NT$91 NT$92 NT$93 NT$93 NT$94

TWO · Technology · Software - Application · Tech Score Neutral · Power 40 · NT$7.0B mcap · 66M float · 0.190% daily turnover

Revenue

$3.4B +7.9% ▲

5Y CAGR: +7.8%

Gross Profit

$1.3B +7.5% ▲

5Y CAGR: +12.8%

Operating Income

$772M +10.3% ▲

5Y CAGR: +12.8%

Net Income

$632M +2.1% ▲

5Y CAGR: +14.2%

EPS (Diluted)

$8.31 +0.7% ▲

5Y CAGR: +13.3%

EBITDA

$797M +0.8% ▲

5Y CAGR: +16.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.3B	$2.5B	$2.8B	$3.2B	$3.4B
YoY Growth	-2.9%	+9.3%	+11.4%	+14.1%	+7.9%
Cost of Revenue	$1.4B	$1.5B	$1.7B	$1.9B	$2.1B
Gross Profit	$826M	$979M	$1.1B	$1.2B	$1.3B
Gross Margin	36.4%	39.4%	39.7%	39.0%	38.9%
R&D Expenses	$156M	$171M	$186M	$209M	$229M
SG&A Expenses	$231M	$271M	$293M	$322M	$323M
Operating Expenses	$387M	$442M	$478M	$532M	$552M
Operating Income	$464M	$580M	$621M	$700M	$772M
Operating Margin	20.4%	23.4%	22.4%	22.2%	22.7%
Interest Expense	$3M	$244K	$57K	$2K	$181K
Income Before Tax	$461M	$580M	$677M	$774M	$795M
Tax Expense	$93M	$117M	$135M	$155M	$163M
Net Income	$405M	$497M	$608M	$619M	$632M
Net Margin	17.8%	20.0%	22.0%	19.6%	18.6%
EPS (Diluted)	$5.52	$6.72	$8.17	$8.25	$8.31
EBITDA	$483M	$579M	$701M	$791M	$797M
Shares Outstanding	73M	74M	74M	75M	76M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$712M	$992M	$847M	$824M	$732M	$1.0B	$769M	$869M
Cost of Revenue	$410M	$636M	$543M	$498M	$415M	$614M	$493M	$501M
Gross Profit	$303M	$357M	$304M	$326M	$317M	$388M	$276M	$368M
Gross Margin	42.5%	36.0%	35.9%	39.6%	43.3%	38.7%	35.9%	42.4%
R&D Expenses	$52M	$53M	$54M	$56M	$64M	$55M	$63M	$66M
SG&A Expenses	$81M	$79M	$80M	$89M	$89M	$76M	$82M	$109M
Operating Expenses	$133M	$131M	$134M	$145M	$153M	$132M	$145M	$175M
Operating Income	$170M	$226M	$170M	$181M	$165M	$256M	$131M	$193M
Operating Margin	23.8%	22.7%	20.1%	22.0%	22.5%	25.5%	17.0%	22.2%
Interest Expense	$0	$1K	$63K	$15K	$24K	$79K	$25K	$25K
Income Before Tax	$173M	$267M	$178M	$182M	$172M	$263M	$134M	$205M
Tax Expense	$34M	$49M	$36M	$36M	$34M	$56M	$27M	$43M
Net Income	$139M	$218M	$142M	$146M	$138M	$207M	$107M	$162M
Net Margin	19.5%	21.9%	16.7%	17.7%	18.8%	20.7%	13.9%	18.7%
EPS (Diluted)	$1.85	$2.87	$1.88	$1.94	$1.83	$2.68	$1.40	$2.14
EBITDA	$179M	$269M	$185M	$189M	$179M	$262M	$144M	$204M
Shares Outstanding	75M	76M	75M	75M	75M	77M	76M	76M

5403.TWO TWO