WT Microelectronics, WPG Holdings See Revenue Soar, Surpassing Last Year’s Full-Year Figures.

01 WPG Holdings, WT Microelectronics Continue Rapid Growth

WT Microelectronics announced self-reported consolidated revenue of approximately NT$198.38 billion for August 2026, up about 8.5% month over month and about 98.21% year over year, marking the second-highest monthly revenue in its history, second only to the record high of NT$211.019 billion set in April this year. WT Microelectronics said August revenue momentum was strong, mainly benefiting from year-over-year growth in communications, industrial, automotive, and data center applications. The company previously noted at its investor conference that capital expenditures by CSPs (cloud service providers) and major AI-related companies are still growing, and it expects demand from the second half of this year through next year to continue to gain momentum, with AI demand expected to gradually penetrate more areas.

On the non-AI side, WT Microelectronics believes that indicators including the previously acquired Future, as well as demand indicators such as the B/B ratio (book-to-bill ratio) in industrial, automotive, and other markets, all point to a continued steady recovery.

WPG Holdings’ August 2026 revenue reached NT$142.24 billion, up 80.5% from the same period last year.

WPG Holdings said that as the global technology industry and downstream customers accelerate technological upgrades and energy infrastructure development, strong corporate capital expenditure is driving broad shipment momentum for semiconductors and electronic components.

In addition to strong shipment momentum in power management, servers, networking equipment, energy storage systems, and high-density connectors, demand for automotive electronics and industrial control is also advancing steadily. Meanwhile, demand for high-value-added services such as intelligent warehouse management and information system integration is expanding in tandem. The dual-track advancement of diverse end applications and hardware and software services is converging into structural growth momentum.

02 Year-to-Date Performance: Both Surpass Last Year’s Full-Year Revenue

In the first eight months of this year, WT Microelectronics and WPG Holdings both maintained strong growth momentum, and their cumulative revenues have already surpassed last year’s full-year levels. Both companies have recently held investor conferences to review their second-quarter performance and provide their outlooks.

WT Microelectronics’ monthly revenues from January to August this year were NT$195.7 billion, NT$104.4 billion, NT$194.1 billion, NT$211.0 billion, NT$197.9 billion, NT$181.7 billion, NT$183.0 billion, and NT$198.4 billion, respectively, with April setting a new monthly record high at NT$211.0 billion.

In the first eight months of this year, WT Microelectronics’ cumulative revenue was approximately NT$1.4663 trillion, up about 109% year on year, already surpassing last year’s record full-year revenue of NT$1.1779 trillion.

                                                                WT Microelectronics monthly revenue summary; Source: Yahoo Finance

According to the structure disclosed at its investor conference, WT Microelectronics’ high growth is mainly driven by AI.

In the second quarter, data center and server revenue grew 274% year over year, rising to 59.2% of total revenue. With the communications business included, the two AI-related segments together accounted for 70–71% of revenue in the first half of the year, up from 54% in 2025.

WT Microelectronics noted that optical communications has rapidly expanded along with demand from AI data centers and has already become a major part of its communications business; demand for power components (Power ICs) for data centers is particularly strong.

On the profitability side, WT Microelectronics’ second-quarter consolidated revenue was approximately NT$590.7 billion, up about 20% quarter over quarter and about 128% year over year. Net profit attributable to the parent company after tax was approximately NT$9.71 billion, up about 243% year over year, with EPS of about NT$7.68, both setting record quarterly highs.

Notably, WT Microelectronics’ gross margin in the second quarter was 3.41%, down again from 4.32% in the same period last year, continuing a trend of quarter-by-quarter compression, mainly due to changes in product mix. WT Microelectronics estimates that its gross margin will recover to a range of 3.54% to 3.64% in the third quarter.

Looking ahead to the third quarter, WT Microelectronics estimates consolidated revenue of between NT$572.0 billion and NT$612.0 billion, with a midpoint of about NT$592.0 billion, up about 0.2% quarter over quarter and about 80% year over year.

WT Microelectronics Chairman Cheng Wen-tsung pointed out that he believes AI demand will not only continue, but over the medium to long term will also penetrate and drive growth in other applications; demand related to data centers remains very strong, though it is affected by shipment timing. He estimates that overall operations in the second half of the year will still be better than in the first half.

WPG Holdings’ monthly revenues from January to August this year were NT$95.2 billion, NT$79.7 billion, NT$141.6 billion, NT$127.3 billion, NT$138.0 billion, NT$192.9 billion, NT$146.1 billion, and NT$142.2 billion, respectively, with June’s NT$192.9 billion setting a record high. In the second quarter, WPG Holdings’ revenue reached NT$456.2 billion, up 82.2% year over year; net profit was NT$8.62 billion, up 294.4% year over year, continuing its high growth.

In the first eight months of this year, WPG Holdings’ cumulative revenue surpassed the NT$1 trillion mark for the first time, reaching NT$1.06311 trillion, up 62.4% year over year, also surpassing its full-year 2025 revenue performance.

                                                                            WPG Holdings Monthly Revenue Summary; Source: Yahoo Finance

In terms of product mix, WPG Holdings’ computing (including servers) business accounted for 45% of second-quarter revenue, making it the company’s largest business segment. What better reflects market changes is memory components—their revenue share jumped sharply from 26% in the same period last year to 54%, while core components fell from 40% to 18%, reflecting to some extent the rapid rise of memory chips in the current business structure.

WPG Holdings pointed out that the effects of memory chip shortages and price increases are significant and have pushed up the share of bill-of-materials (BOM) costs for end products. Memory chips’ share of smartphone costs rose from 35% in 2025 to 64%, while for PCs/notebooks it rose from 32% to 60%. Although this trend may affect unit shipments of smartphones and PCs, total semiconductor consumption value will still grow.

Looking ahead to the third quarter, WPG Holdings estimates operating revenue of NT$460 billion to NT$500 billion. The company expects overall performance in the second half of the year to be better than in the first half, with strong market demand, especially in AI-related areas, and expects this trend to continue at least through the first half of 2027.

03

Concluding Remarks

WT Microelectronics and WPG Holdings are both benefiting from AI-driven demand growth, but their growth drivers differ. WT Microelectronics is more concentrated in data centers and communications, while WPG Holdings has the added boost of a memory upcycle. Although third-quarter sequential growth may moderate due to factors such as shipment timing and earlier pull-in demand, both companies remain optimistic about demand in the second half of the year and next year.