eMemory Q2 2026 earnings beat lifts shares despite modest growth

Taiwan-based semiconductor developer eMemory Technology Inc. on Friday reported second-quarter 2026 earnings that slightly exceeded market expectations, sending its shares higher despite modest revenue and profit growth.

The company posted net profit of T$2.1 billion ($65.6 million) for the three months ended June 30, up 4.2% from a year earlier and beating the T$2.0 billion consensus estimate compiled by Refinitiv. Revenue totaled T$10.4 billion, a 3.1% increase year-over-year, also surpassing the T$10.1 billion forecast.

Gross margin narrowed to 58.7% from 60.2% in the same period of 2025, reflecting competitive pricing pressures in the embedded non-volatile memory market. Operating expenses rose 5.3% to T$2.8 billion, driven by higher R&D investment to support next-generation product development.

Management maintained a cautious outlook for the second half of 2026, citing persistent macroeconomic headwinds and soft demand in key end markets. The company reaffirmed its full-year revenue guidance of T$40 billion to T$42 billion, implying a 2% to 7% increase from 2025.

Analysts at Yuanta Securities noted that while the beat was modest, it signaled resilience in eMemory’s core embedded memory business. The stock closed 3.2% higher at T$124.50 in Taipei trading on Friday, outperforming the broader Taiex index.