NT$47.45 ($1.49)

-0.40 (-0.84%)

Weekly Expected Move ±4.6%

NT$43 NT$46 NT$48 NT$50 NT$52

TWO · Technology · Consumer Electronics · Tech Score Buy · Power 58 · NT$3.8B mcap · 61M float · 0.837% daily turnover

Revenue

$4.3B +10.8% ▲

5Y CAGR: +5.1%

Gross Profit

$787M +13.1% ▲

5Y CAGR: +5.4%

Operating Income

$187M -8.5% ▼

5Y CAGR: -0.0%

Net Income

$222M +0.3% ▲

5Y CAGR: +9.7%

EPS (Diluted)

$2.81 +2.2% ▲

5Y CAGR: +6.9%

EBITDA

$307M -21.9% ▼

5Y CAGR: +1.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$3.9B	$3.6B	$3.6B	$3.9B	$4.3B
YoY Growth	+18.1%	-7.4%	-0.2%	+6.4%	+10.8%
Cost of Revenue	$3.2B	$3.0B	$3.0B	$3.2B	$3.5B
Gross Profit	$696M	$662M	$603M	$696M	$787M
Gross Margin	17.7%	18.2%	16.6%	18.0%	18.4%
R&D Expenses	$140M	$158M	$161M	$172M	$214M
SG&A Expenses	$338M	$331M	$380M	$319M	$388M
Operating Expenses	$478M	$489M	$550M	$492M	$600M
Operating Income	$245M	$260M	$53M	$205M	$187M
Operating Margin	6.2%	7.1%	1.5%	5.3%	4.4%
Interest Expense	$13M	$14M	$12M	$7M	$5M
Income Before Tax	$244M	$246M	$348M	$265M	$210M
Tax Expense	$47M	$51M	$56M	$44M	-$10M
Net Income	$197M	$194M	$292M	$221M	$222M
Net Margin	5.0%	5.3%	8.0%	5.7%	5.2%
EPS (Diluted)	$2.74	$2.48	$3.63	$2.75	$2.81
EBITDA	$366M	$384M	$482M	$393M	$307M
Shares Outstanding	72M	80M	80M	80M	78M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$1.0B	$947M	$987M	$1.2B	$1.0B	$1.1B	$1.1B	$1.1B
Cost of Revenue	$827M	$779M	$808M	$972M	$841M	$872M	$931M	$860M
Gross Profit	$205M	$168M	$179M	$195M	$197M	$215M	$199M	$192M
Gross Margin	19.9%	17.7%	18.2%	16.7%	19.0%	19.8%	17.6%	18.2%
R&D Expenses	$44M	$48M	$52M	$53M	$56M	-$161M	$59M	$62M
SG&A Expenses	$76M	$76M	$94M	$92M	$91M	-$278M	$81M	$78M
Operating Expenses	$120M	$124M	$146M	$146M	$147M	$161M	$157M	$156M
Operating Income	$85M	$44M	$33M	$50M	$50M	$50M	$42M	$36M
Operating Margin	8.2%	4.6%	3.4%	4.3%	4.8%	4.6%	3.7%	3.4%
Interest Expense	$2M	$1M	$1M	$990K	$805K	-$3M	$4M	$3M
Income Before Tax	$80M	$65M	$51M	$20M	$75M	$64M	$49M	$47M
Tax Expense	$20M	$2M	$12M	-$36M	$14M	$200K	$11M	$8M
Net Income	$61M	$63M	$39M	$57M	$61M	$64M	$38M	$39M
Net Margin	5.9%	6.7%	4.0%	4.8%	5.9%	5.9%	3.4%	3.7%
EPS (Diluted)	$0.76	$0.79	$0.49	$0.70	$0.77	$0.80	$0.48	$0.49
EBITDA	$113M	$96M	$82M	$50M	$105M	$70M	$76M	$70M
Shares Outstanding	80M	80M	80M	81M	80M	78M	79M	79M

6275.TWO TWO