Chicony Electronics reports EPS NT$8.01 for 1~3Q25
Chicony Electronics (2385.TT) reports 3Q25 results on November 12th, 2025. Chicony’s 1~3Q25 revenue was NT$72.6 Billion and EPS was NT$8.01.
Keyboard Revenue Grew 4% QoQ, Better than Image and Power Revenue Growth
3Q25 Keyboard revenue grew 4% QoQ. Keyboard revenue performance was better than our expectation thanks to the rising LED backlight NB keyboard penetration rate which hit to 49% in 3Q25, pushing up the penetration rate to 47% during 1~3Q25. Image revenue decrease was mainly due to the push out of a mass production of a new commercial surveillance model.
1~3Q25 Revenue was NT$72.6B and EPS was NT$8.01
Chicony’s 1~3Q25 revenue was NT$72.6B, down 3.5 YoY mainly due to exchange rate impact. GPM was 18.4%, down 2.0 ppt YoY due to appreciation of NT dollars and product mix. SG&A was controlled at 9.6%, so OPM reached 8.8%, down 1.6 ppt YoY. EPS in 1~3Q25 was NT$8.01.
Chicony Aims 4Q25 Revenue to be down Mid-Single Digit QoQ
4Q25 is expected to be seasonally down mid-single digit QoQ. Chicony expects image revenue to outperform keyboard and power QoQ, since the mass production of a new model of commercial surveillance cam will begin in 4Q25. 2025 revenue is to be down mid-single digit YoY.
| 2025 |
Monthly Revenue (NT$ M) |
MOM | YOY |
Accumulated Revenue (NT$ M) |
YOY |
|---|---|---|---|---|---|
| January | 7,518 | -9.6% | -2.3% | 7,518 | -2.3% |
| February | 7,291 | -3.0% | +9.8% | 14,808 | +3.3% |
| March | 8,473 | +16.2% | -0.4% | 23,281 | +1.9% |
| April | 8,025 | -5.3% | +3.4% | 31,306 | +2.3% |
| May | 8,124 | +1.2% | +5.0% | 39,429 | +0.7% |
| June | 8,346 | +2.7% | -0.2% | 47,776 | +0.5% |
| July | 8,041 | -3.7% | -4.1% | 55,817 | -0.1% |
| August | 8,483 | 5.5% | -12.4% | 64,300 | -2.0% |
| September | 8,284 | -2.3% | -14.2% | 72,584 | -3.5% |
| October | 7,432 | -10.3% | -20.0% | 80,016 | -5.3% |
