Parade Technologies’ Revenue Falls to $130.83 Million in Fiscal Third Quarter
Key Facts
Parade Technologies reported consolidated revenue of $130.83 million in the third quarter of fiscal 2026, ended September 30, down 10.48% from the same period last year and 2.71% from the previous quarter. The sequential comparison shows revenue continued to decline during the period, while the year-over-year drop was larger. Revenue was $146.14 million in the third quarter of fiscal 2025. The company’s announcement did not cite analyst estimates or compare results with them. It also did not compare earnings per share with expectations, so the reported figures are limited to the company’s actual results and comparisons with prior periods.
Net income fell to $18.49 million, from $27.24 million in the year-earlier quarter. Basic and diluted earnings per share were each $0.24, compared with $0.35 each a year earlier. The figures reflect year-over-year declines in net income and earnings per share, alongside lower revenue. The company did not attribute the declines to a specific cause in the published figures. The announcement also does not allow for a comparison of earnings per share with analyst estimates. The direct comparison available is with the third quarter of the previous fiscal year.
Gross profit was $52.71 million, down 2.50% from the previous quarter and 15.14% year over year. The annual decline in gross profit was larger than the reported year-over-year drop in revenue, highlighting a contraction in gross profit during the period compared with the year-earlier quarter. Sequentially, gross profit and revenue moved in the same direction, with both declining from the previous quarter. The announcement did not provide a separate numerical explanation for the change in gross profit. Nor did it compare gross margin across periods. The figures help complete the picture of the period’s results alongside the revenue and net income reported by the company.
Third-quarter actual revenue can also be compared with the $139 million lower end of the guidance range Parade announced for the same quarter in August. Reported revenue of $130.83 million came in below that floor. The previous revenue guidance range was between $139 million and $153 million. This measure sets the quarter’s result against the range the company had previously established for the period, in addition to the year-over-year and sequential comparisons. The quoted announcement did not explain why revenue fell below the lower end of prior guidance. This comparison should not be confused with analyst estimates, which the earnings announcement does not establish.
In describing its business, Parade calls itself a supplier of mixed-signal integrated circuits used in display standards and high-speed interfaces, for applications including computers, consumer electronics and displays. The company said its PS9010 USB4 docking-station controller was selected for UGREEN’s flagship USB4 hub components, in an announcement issued on October 5, 2026. It also said on September 7 that its linear redrivers were used in an OSFP cable listed at XDR speeds of 224 gigabits per second and NDR speeds of 112 gigabits per second. These announcements provide examples of the high-speed interface solutions the company associates with its business. Parade said independent accountants reviewed the third-quarter financial figures.
For the fourth quarter of fiscal 2026, the company set a revenue range of between $95 million and $105 million, a gross margin of between 41% and 45%, and operating expenses of between $33 million and $36 million. The projected revenue range is below the actual revenue of $130.83 million in the third quarter. The three forward guidance ranges present the company’s estimates for revenue, margin and operating expenses, without a forecast for net income or earnings per share in the announcement. Parade is scheduled to hold a call to discuss its third-quarter results and fourth-quarter outlook on October 28, 2026, at 2 p.m. Taipei time, with a question-and-answer session. The call places the announced guidance for the next quarter within the company’s discussion of its results and outlook for the following period.