Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the first quarter fiscal year 2026 ended March 31, 2026, and provided guidance for the second quarter of fiscal year 2026.
Consolidated revenue was US$126.14 million and consolidated net income was US$16.73 million. Basic and fully diluted after-tax earnings per share (“EPS”) were US$0.21 (NT$6.77) and US$0.21 (NT$6.73), respectively. These results compared to consolidated revenue US$126.23 million and consolidated net income of US$20.19 million, or US$0.25 (NT$8.38) and US$0.25 (NT$8.33) per basic and fully diluted share, in the year-ago quarter.
In US dollars, the first quarter of 2026 consolidated revenue increased 0.74% sequentially and was down 0.07% year-over-year.
The gross profit in the first quarter of 2026 was US$50.83 million, representing a decrease of 3.41% from the previous quarter and a decrease of 5.38% compared to the same quarter of last year.
On February 10, 2026, Parade announced the production availability of the TC3408 and TC3410 devices, the industry’s first single-chip Touch with TCON Embedded Driver (TTED) solution for the 1920 x 1200 (WUXGA) resolution mainstream notebook market. These devices deliver extremely narrow panel borders and TCON PCB form factors to enable ever thinner notebook designs at cost-effective price points. TC3408 and TC3410 incorporate the latest power saving features of eDP 1.5 for unmatched logic power performance at up to 120 Hz display refresh rate. The devices combine Parade’s broad portfolio of patented touchscreen technology and market proven eDP TCON, in-cell and high-speed signal technology, to provide excellent picture quality and responsive touch performance.
On February 12, 2026, Parade announced sampling availability of the TC3410-AS device, the industry’s first single-chip Touch with TCON Embedded Driver (TTED) solution with integrated active stylus support for 1920 x 1200 (WUXGA) resolution. This new device drastically reduces the silicon, hardware, sensor costs and logistical complexity associated with adding active stylus capability to existing touchscreen panels. The TC3410-AS device combines Parade’s broad portfolio of patented touchscreen technology and market proven eDP TCON, in-cell and high-speed signal technology, to provide excellent picture quality at 120 Hz display with responsive 240 Hz active stylus performance.
On March 4, 2026, Parade introduces the availability of two new quad channel Linear Redrivers to support both 224Gbps and 112Gbps Ethernet applications for server, storage and high performance AI scale-up Data Center cable use. With industry leading linearity and best possible group delay – particularly when there is line rate adjustment, the PS9524/PS9514 Ethernet Linear Redrivers provide programmable EQ boosts up to 25dB/22dB, while operating from a single 3.3v supply. Key parameters for the HPC/AI datacenter include low power and low latency, making retimed cables more problematic. With its small form factor and low power consumption, the PS9524/PS9514 are optimized to fit existing metal shells of various form factors (including QSFP, QSFP-DD, OSFP, OSFP-XD) without the need for additional heat sink. The advanced linearity allows datacenters to trade-off extended cable distance versus thinner cables to reduce routing and system thermal complexity.
On April 2, 2026, Parade announces the availability of PS8651V DP 2.1a/HBR3 1:2 MST hub controller for automotive, accessories and video display designs that need DP/eDP port expansion. It adds to Parade’s DP MST Hub solutions which include the PS8650 DP 2.1a/UHBR20 1:4 MST hub controller already on the market. The PS8651V is compliant with VESA DisplayPort v2.1a and eDP 1.5 specifications up to HBR3 or 8.1Gbps/lane link rate, up to 4 lanes. It is AEC-Q100 Grade 2 (-40°C to +105°C ambient temperature) qualified for automotive applications.
Based on current business outlook, Parade is providing the following guidance for the second quarter of fiscal 2026:
- Revenue: US$127.0 ~141.0 Million
- Gross Margin: 40% ~44%
- Operating Expense: US$33.0 ~36.0 Million
The financial figures detailed above for the first quarter of 2026 have been reviewed by independent accountants.
About Parade Technologies, Ltd.
Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange (“TPEx”) in 2011 (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs for display, storage and interface applications.
In addition to being a technology innovator, Parade is an active participant and leader in industry standards-setting organizations. Parade Technologies, Inc., a wholly owned US-based subsidiary of Parade Technologies, Ltd., is a member of VESA (Video Electronics Standard Association). Parade Technologies, Inc. has made key contributions to the development of VESA’s DisplayPort™ digital video interface standard.
Parade leverages its close relationships with market leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.
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Parade Technologies, Ltd. and Subsidiaries. |
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| The reader is advised that these consolidated financial statements have been prepared originally in NT$ and conformed with the adoption of IFRSs. In the event of any differences between NT$ and US$ version, the NT$ version shall prevail. | ||||||||||||||||||
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| UNAUDITED CONSOLIDATED INCOME STATEMENTS |
USD in Thousands | NTD in Thousands | ||||||||||||||||
|
Sequential Quarter |
Three Months ended |
Sequential Quarter |
Three Months ended |
|||||||||||||||
|
Mar 31, |
|
Dec 31, |
|
Mar 31, |
|
Mar 31, |
|
|
Mar 31, |
|
Dec 31, |
|
Mar 31, |
|
Mar 31, |
|||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|||
|
|
||||||||||||||||||
| Revenue |
126,138 |
125,217 |
126,138 |
126,227 |
3,989,734 |
3,887,990 |
3,989,734 |
4,151,599 |
||||||||||
| Cost of goods sold |
75,307 |
72,590 |
75,307 |
72,505 |
2,381,961 |
2,253,952 |
2,381,961 |
2,384,682 |
||||||||||
| Gross profit |
50,831 |
52,627 |
50,831 |
53,722 |
1,607,773 |
1,634,038 |
1,607,773 |
1,766,917 |
||||||||||
| Research & development expenses |
23,021 |
23,902 |
23,021 |
22,622 |
728,164 |
742,130 |
728,164 |
744,030 |
||||||||||
| Sales & marketing expenses |
6,431 |
7,242 |
6,431 |
6,384 |
203,404 |
224,869 |
203,404 |
209,969 |
||||||||||
| General & administrative expenses |
4,310 |
4,383 |
4,310 |
4,732 |
136,321 |
136,082 |
136,321 |
155,652 |
||||||||||
| Total operating expenses |
33,762 |
35,527 |
33,762 |
33,738 |
1,067,889 |
1,103,081 |
1,067,889 |
1,109,651 |
||||||||||
| Operating income |
17,069 |
17,100 |
17,069 |
19,984 |
539,884 |
530,957 |
539,884 |
657,266 |
||||||||||
| Non-operating income |
1,338 |
2,084 |
1,338 |
2,149 |
42,332 |
64,712 |
42,332 |
70,673 |
||||||||||
| Income before income taxes |
18,407 |
19,184 |
18,407 |
22,133 |
582,216 |
595,669 |
582,216 |
727,939 |
||||||||||
| Income tax expense |
1,677 |
1,652 |
1,677 |
1,941 |
53,056 |
51,293 |
53,056 |
63,838 |
||||||||||
| Net income |
16,730 |
17,532 |
16,730 |
20,192 |
529,160 |
544,376 |
529,160 |
664,101 |
||||||||||
| EPS – Basic (In Dollar) |
$0.21 |
$0.22 |
$0.21 |
$0.25 |
$6.77 |
$6.97 |
$6.77 |
$8.38 |
||||||||||
| Shares used in computing EPS-Basic (In thousands) |
78,151 |
78,059 |
78,151 |
79,290 |
78,151 |
78,059 |
78,151 |
79,290 |
||||||||||
| EPS – Diluted (In Dollar) |
$0.21 |
$0.22 |
$0.21 |
$0.25 |
$6.73 |
$6.94 |
$6.73 |
$8.33 |
||||||||||
| Shares used in computing EPS-Diluted (In thousands) |
78,652 |
78,384 |
78,652 |
79,727 |
78,652 |
78,384 |
78,652 |
79,727 |
||||||||||
| UNAUDITED CONSOLIDATED BALANCE SHEETS As of March 31, 2026 and 2025 |
USD in Thousands | NTD in Thousands | |||||||||
|
Mar 31, |
Mar 31, |
Mar 31, |
Mar 31, |
||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|
||||
| Current assets | |||||||||||
| Cash & cash equivalents |
342,511 |
|
290,422 |
|
10,960,363 |
|
9,644,907 |
|
|||
| Accounts receivable, net |
51,523 |
|
47,047 |
|
1,648,722 |
|
1,562,436 |
|
|||
| Inventories, net |
113,433 |
|
117,316 |
|
3,629,864 |
|
3,896,071 |
|
|||
| Other current assets |
19,900 |
|
20,094 |
|
636,803 |
|
667,325 |
|
|||
| Total current assets |
527,367 |
|
474,879 |
|
16,875,752 |
|
15,770,739 |
|
|||
| Non-current assets | |||||||||||
| Property, plant and equipment, net |
10,130 |
|
10,043 |
|
324,164 |
|
333,520 |
|
|||
| Right-of-use assets |
12,174 |
|
8,955 |
|
389,565 |
|
297,393 |
|
|||
| Intangible assets |
113,000 |
|
103,913 |
|
3,616,022 |
|
3,450,916 |
|
|||
| Deferred income tax assets |
10,349 |
|
12,117 |
|
331,157 |
|
402,417 |
|
|||
| Other non-current assets |
136,096 |
|
148,655 |
|
4,355,056 |
|
4,936,846 |
|
|||
| Total non-current assets |
281,749 |
|
283,683 |
|
9,015,964 |
|
9,421,092 |
|
|||
| Total Assets |
809,116 |
|
758,562 |
|
25,891,716 |
|
25,191,831 |
|
|||
| Current Liabilities | |||||||||||
| Accounts payable |
41,155 |
|
42,238 |
|
1,316,967 |
|
1,402,714 |
|
|||
| Other payables |
43,471 |
|
22,342 |
|
1,388,004 |
|
741,973 |
|
|||
| Current income tax liabilities |
9,609 |
|
11,606 |
|
307,504 |
|
385,458 |
|
|||
| Lease liabilities – current |
4,410 |
|
3,579 |
|
141,122 |
|
118,873 |
|
|||
| Other current liabilities |
7,432 |
|
6,700 |
|
237,811 |
|
222,498 |
|
|||
| Total current liabilities |
106,077 |
|
86,465 |
|
3,391,408 |
|
2,871,516 |
|
|||
| Non-current Liabilities | |||||||||||
| Lease liabilities – non-current |
7,764 |
|
5,375 |
|
248,443 |
|
178,520 |
|
|||
| Total non-current liabilities |
7,764 |
|
5,375 |
|
248,443 |
|
178,520 |
|
|||
| Equity | |||||||||||
| Ordinary shares |
26,388 |
|
26,730 |
|
800,578 |
|
811,600 |
|
|||
| Capital reserves |
107,859 |
|
134,400 |
|
3,271,565 |
|
4,135,700 |
|
|||
| Retained earnings |
625,886 |
|
590,818 |
|
18,715,461 |
|
17,663,439 |
|
|||
| Other equity |
(1,698 |
) |
(3,997 |
) |
1,487,517 |
|
2,174,846 |
|
|||
| Treasury shares |
(63,160 |
) |
(81,229 |
) |
(2,023,256 |
) |
(2,643,790 |
) |
|||
| Total equity |
695,275 |
|
666,722 |
|
22,251,865 |
|
22,141,795 |
|
|||
| Total liabilities and equity |
809,116 |
|
758,562 |
|
25,891,716 |
|
25,191,831 |
|
|||
| UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS For three months ended March 31, 2026 and 2025 |
USD in Thousands | NTD in Thousands | |||||||||
|
Mar 31, |
Mar 31, |
Mar 31, |
Mar 31, |
||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|
||||
| Cash flows from operating activities | |||||||||||
| Income before income tax for the period |
18,407 |
|
22,133 |
|
582,216 |
|
727,939 |
|
|||
| Depreciation and amortization (including the right-of-use assets) |
5,760 |
|
6,149 |
|
182,191 |
|
202,257 |
|
|||
| Loss on disposal of equipment |
2 |
|
– |
|
69 |
|
– |
|
|||
| Share-based compensation cost |
3,390 |
|
5,153 |
|
107,239 |
|
168,995 |
|
|||
| Interest income |
(1,871 |
) |
(2,061 |
) |
(59,193 |
) |
(67,793 |
) |
|||
| Income and expenses having no effect on cash flows |
7,281 |
|
9,241 |
|
230,306 |
|
303,459 |
|
|||
| Accounts receivable |
7,584 |
|
664 |
|
242,675 |
|
22,058 |
|
|||
| Inventories |
1,817 |
|
4,143 |
|
58,136 |
|
137,611 |
|
|||
| Other current assets |
(8,327 |
) |
(6,746 |
) |
(275,081 |
) |
(213,040 |
) |
|||
| Net changes in assets relating to operating activities |
1,074 |
|
(1,939 |
) |
25,730 |
|
(53,371 |
) |
|||
| Accounts payable |
1,695 |
|
1,950 |
|
54,225 |
|
64,755 |
|
|||
| Accrued expenses |
(6,505 |
) |
(10,326 |
) |
(208,169 |
) |
(342,933 |
) |
|||
| Other current liabilities |
(1,087 |
) |
800 |
|
(34,776 |
) |
26,571 |
|
|||
| Net changes in liabilities relating to operating activities |
(5,897 |
) |
(7,576 |
) |
(188,720 |
) |
(251,607 |
) |
|||
| Cash inflow generated from operations |
20,865 |
|
21,859 |
|
649,532 |
|
726,420 |
|
|||
| Interest received |
1,871 |
|
2,061 |
|
59,193 |
|
67,793 |
|
|||
| Income tax paid |
(5,375 |
) |
(1,485 |
) |
(170,023 |
) |
(48,843 |
) |
|||
| Net cash provided by operating activities |
17,361 |
|
22,435 |
|
538,702 |
|
745,370 |
|
|||
| Cash flows from investing activities | |||||||||||
| Acquisition of equipment |
(2,069 |
) |
(952 |
) |
(65,440 |
) |
(31,311 |
) |
|||
| Acquisition of intangible assets |
(35 |
) |
(110 |
) |
(1,108 |
) |
(3,608 |
) |
|||
| Decrease in refundable deposits |
1,283 |
|
3,350 |
|
41,038 |
|
111,258 |
|
|||
| Increase in other prepayments |
(645 |
) |
(2,914 |
) |
(20,399 |
) |
(95,848 |
) |
|||
| Net cash flows used in investing activities |
(1,466 |
) |
(626 |
) |
(45,909 |
) |
(19,509 |
) |
|||
| Cash flows from financing activities | |||||||||||
| Distribution of cash dividends |
– |
|
(17,896 |
) |
– |
|
(570,088 |
) |
|||
| Repayment of the principal portion of lease liabilities |
(1,006 |
) |
(915 |
) |
(31,815 |
) |
(30,081 |
) |
|||
| Purchase of treasury shares |
(28,675 |
) |
(45,790 |
) |
(900,018 |
) |
(1,497,643 |
) |
|||
| Treasury shares reissued to employees |
12,034 |
|
11,408 |
|
390,967 |
|
365,679 |
|
|||
| Cash dividend regain from canceled share-based compensation |
– |
|
5 |
|
– |
|
146 |
|
|||
| Net cash flows used in financing activities |
(17,647 |
) |
(53,188 |
) |
(540,866 |
) |
(1,731,987 |
) |
|||
| Effect of exchange rate changes |
(2,524 |
) |
608 |
|
108,913 |
|
119,131 |
|
|||
| Net (decrease) increase in cash and cash equivalents |
(4,276 |
) |
(30,771 |
) |
60,840 |
|
(886,995 |
) |
|||
| Cash and cash equivalents at beginning of period |
346,787 |
|
321,193 |
|
10,899,523 |
|
10,531,902 |
|
|||
| Cash and cash equivalents at end of period |
342,511 |
|
290,422 |
|
10,960,363 |
|
9,644,907 |
|
|||
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