eMemory Revenue Jumps 27.1% to NT$1,210.19 Million in Third Quarter
Key Facts
eMemory reported third-quarter 2026 revenue of NT$1,210.19 million, up 27.1% year over year and 10.4% from the second quarter, according to its investor presentation on Nov. 13. Compared with revenue of NT$952.422 million in the third quarter of 2025, the figures show a widening annual increase, while the quarterly gain confirms revenue continued to rise in the quarter ended in September. The announcement was part of the company's online investor conference scheduled for 16:00 Taiwan time that day. Net profit was NT$639.095 million, up 31.2% from NT$487.135 million a year earlier. Earnings per share rose to NT$8.56 from NT$6.52, an increase of 31.3%.
Operating income growth outpaced revenue growth, rising 39.4% year over year to NT$764.601 million, compared with NT$548.354 million in the same quarter of 2025. The operating margin was 63.2%, up from 57.6% a year earlier, an increase of 5.6 percentage points. These figures measure improved operating profitability alongside sales growth, while net profit rose 31.2% and earnings per share 31.3% year over year. The company presentation also showed operating income of NT$666.107 million in the second quarter, when the operating margin was 60.7%. On a quarterly basis, operating income rose 14.8% and the margin increased 2.5 percentage points, according to the comparison in the presentation.
Security intellectual property based on PUF technology stood out in the revenue mix, accounting for 14.5% of total third-quarter revenue. Licensing revenue from these technologies grew 198.1% compared with the third quarter of 2025, while related royalty revenue jumped 656.5% year over year. The figures show this business accelerated during the period, but do not establish that it was the main driver of the company's overall revenue growth. In its outlook, management linked a rising contribution from PUF applications to continued acceleration in royalty growth. It also said applications tied to advanced nodes and the production ramp-up of new customer products would support that trajectory.
Revenue for the first nine months of 2026 reached NT$3,400.81 million, up 21.4% from NT$2,800.691 million in the same period of 2025. That places third-quarter growth within a stronger cumulative performance than the revenue growth recorded in fiscal 2025, when sales were NT$3,849.053 million, up 6.7% from 2024. In February, management said licensing revenue growth was expected to continue, supported by an increase in the number of licenses and their average price among foundry and fabless customers. It said new applications included phones, automobiles, cloud computing, artificial intelligence and edge devices. This background puts the current licensing outlook in the context of the company's efforts to expand applications of its technologies across sectors and manufacturing nodes.
Management forecast continued strength in licensing momentum, citing demand for its technologies across advanced and mature manufacturing nodes, device security, AI infrastructure and next-generation flash memory applications. It said, "Royalty growth is expected to continue accelerating," attributing this to higher average selling prices in advanced-node applications, continued increases in production of new customers' products and a growing contribution from PUF applications. The company did not provide target revenue or profit figures in this outlook. This follows year-over-year growth in revenue, operating income, net profit and earnings per share in the third quarter. The online investor conference presenting the quarterly results was scheduled for Nov. 13, 2026, at 16:00 Taiwan time.