Parade Technologies Reports Third Quarter 2026 Financial Results
Parade Technologies Reports Third Quarter 2026 Financial Results
Financial Highlights:
- Q326 consolidated revenue US$130.83 million, compared with US$146.14 million in the year-ago quarter
- Q326 consolidated net income US$18.49 million; Basic and Fully diluted after-tax EPS US$0.24 (NT$7.69) and US$0.24 (NT$7.67), respectively
Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the third quarter fiscal year 2026 ended September 30, 2026, and provided guidance for the fourth quarter of fiscal year 2026.
Consolidated revenue was US$130.83 million and consolidated net income was US$18.49 million. Basic and fully diluted after-tax earnings per share (“EPS”) were US$0.24 (NT$7.69) and US$0.24 (NT$7.67), respectively. These results compared to consolidated revenue US$146.14 million and consolidated net income of US$27.24 million, or US$0.35 (NT$10.45) and US$0.35 (NT$10.43) per basic and fully diluted share, in the year-ago quarter.
In US dollars, the third quarter of 2026 consolidated revenue decreased 2.71% sequentially and was down 10.48% year-over-year.
The gross profit in the third quarter of 2026 was US$52.71 million, representing a decrease of 2.50% from the previous quarter and a decrease of 15.14% compared to the same quarter of last year.
On September 1, 2026, Parade announced its PS9010 USB-IF certified USB4® dock controller has been integrated into the Acer ProDesigner PE320QX, a professional-grade monitor for creators. Designed to meet the rising demand for high-speed and multi-protocol connectivity in creative workflows, the PS9010 enables the Acer ProDesigner PE320QX to serve as both an ultra-high-resolution display and a high-performance, single-cable USB4® docking hub. The Acer ProDesigner PE320QX is built to optimize the user experience in workflows where high-bandwidth data transfers and multi-display connections are critical. By integrating the PS9010, the monitor seamlessly supports USB4®, DisplayPort™ 2.1, and SuperSpeed USB, ensuring robust compatibility with a wide range of host systems and peripherals. With dedicated USB4® Upstream (UFP) and Downstream (DFP) Facing Ports supporting 40Gbps bandwidth, the Acer ProDesigner PE320QX enables effortless daisy-chaining of secondary high-resolution displays and high-speed storage arrays, over a single USB-C® connection.
On September 7, 2026, Parade announced in cooperation with FIT – a leading cable manufacturer – the successful deployment of Parade Ultra Linear Redrivers (LRDs) in an OSFP (Octal Small Form Factor Pluggable) for inclusion on the June 2026 PF43s InfiniBand Trade Association Integrators List at both XDR (224Gbps) and NDR (112Gbps) data rates. Such lists ensure seamless operation with key AI servers, XPUs and switches. OEMs can now feel confident employing Parade LRDs in copper cable solutions from 2 to 4 meters to reducing power, latency and rack weight, as well as improved rack routing. Parade Ultra Ethernet series of linear redrivers are capable of supporting latest 802.3dj ethernet specification as well as InfiniBand, UALink, NVLink and OIF standards and extends our commitment to enabling the short reach, high-performance, AI scaleup market with low power, low latency solutions.
On October 5, 2026, Parade announced UGREEN has selected Parade’s chipset solution for its flagship USB4® Hub. Powered by Parade’s USB-IF certified PS9010 USB4® dock controller and PS5513 dual-port USB Power Delivery controller, the hub delivers certified multi-protocol high-speed connectivity, comprehensive peripheral expansion, and robust fast charging in a single, compact form factor. The new UGREEN USB4® Hub addresses the connectivity demands of modern workstations by equipping users with an all-in-one expansion interface. In addition to host pass-through charging, the hub provides a dedicated USB4® downstream port for daisy-chaining, multiple USB 3.2 10Gbps and 5Gbps ports, a 2.5GBase-T Ethernet port, dual SD and TF card readers, an HDMI display output, and an integrated audio headphone jack.
Based on current business outlook, Parade is providing the following guidance for the fourth quarter of fiscal 2026:
- Revenue: US$95.00 ~105.00 Million
- Gross Margin: 41% ~45%
- Operating Expense: US$33.0 ~36.0 Million
The financial figures detailed above for the third quarter of 2026 have been reviewed by independent accountants.
About Parade Technologies, Ltd.
Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange (“TPEx”) in 2011 (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs for display, storage and interface applications.
In addition to being a technology innovator, Parade is an active participant and leader in industry standards-setting organizations. Parade Technologies, Inc., a wholly owned US-based subsidiary of Parade Technologies, Ltd., is a member of VESA (Video Electronics Standard Association). Parade Technologies, Inc. has made key contributions to the development of VESA’s DisplayPort™ digital video interface standard.
Parade leverages its close relationships with market leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.
| Parade Technologies, Ltd. and Subsidiaries. | |||||||||||||||||||||||
The reader is advised that these consolidated financial statements have been prepared originally in NT$ and conformed with the adoption of IFRSs. In the event of any differences between NT$ and US$ version, the NT$ version shall prevail. |
|||||||||||||||||||||||
| UNAUDITED CONSOLIDATED INCOME STATEMENTS |
USD in Thousands | NTD in Thousands | |||||||||||||||||||||
| Sequential Quarter | Three Months ended | Nine Months ended | Sequential Quarter | Three Months ended | Nine Months ended | ||||||||||||||||||
Sep 30, |
|
Jun 30, |
|
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|
Jun 30, |
|
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|
2026 |
2026 |
2026 |
2025 |
2026 |
2025 |
2026 |
2026 |
2026 |
2025 |
2026 |
2025 |
||||||||||||
| Revenue | 130,827 |
134,475 |
130,827 |
146,144 |
391,440 |
405,870 |
4,185,171 |
4,249,422 |
4,185,171 |
4,377,025 |
12,424,327 |
12,643,058 |
|||||||||||
| Cost of goods sold | 78,118 |
80,415 |
78,118 |
84,033 |
233,840 |
232,492 |
2,499,003 |
2,541,115 |
2,499,003 |
2,516,771 |
7,422,079 |
7,242,360 |
|||||||||||
| Gross profit | 52,709 |
54,060 |
52,709 |
62,111 |
157,600 |
173,378 |
1,686,168 |
1,708,307 |
1,686,168 |
1,860,254 |
5,002,248 |
5,400,698 |
|||||||||||
| Research & development expenses | 23,391 |
23,702 |
23,391 |
23,387 |
70,114 |
69,476 |
748,260 |
748,987 |
748,260 |
700,435 |
2,225,411 |
2,167,740 |
|||||||||||
| Sales & marketing expenses | 7,137 |
6,892 |
7,137 |
7,117 |
20,460 |
19,950 |
228,311 |
217,810 |
228,311 |
213,165 |
649,525 |
621,879 |
|||||||||||
| General & administrative expenses | 4,464 |
4,605 |
4,464 |
4,485 |
13,379 |
13,854 |
142,807 |
145,530 |
142,807 |
134,356 |
424,658 |
432,883 |
|||||||||||
| Total operating expenses | 34,992 |
35,199 |
34,992 |
34,989 |
103,953 |
103,280 |
1,119,378 |
1,112,327 |
1,119,378 |
1,047,956 |
3,299,594 |
3,222,502 |
|||||||||||
| Operating income | 17,717 |
18,861 |
17,717 |
27,122 |
53,647 |
70,098 |
566,790 |
595,980 |
566,790 |
812,298 |
1,702,654 |
2,178,196 |
|||||||||||
| Non-operating income | 1,573 |
1,567 |
1,573 |
2,309 |
4,478 |
6,687 |
50,302 |
49,528 |
50,302 |
69,163 |
142,162 |
208,529 |
|||||||||||
| Income before income taxes | 19,290 |
20,428 |
19,290 |
29,431 |
58,125 |
76,785 |
617,092 |
645,508 |
617,092 |
881,461 |
1,844,816 |
2,386,725 |
|||||||||||
| Income tax expense | 800 |
1,651 |
800 |
2,188 |
4,128 |
6,563 |
25,612 |
52,139 |
25,612 |
65,541 |
130,807 |
204,388 |
|||||||||||
| Net income | 18,490 |
18,777 |
18,490 |
27,243 |
53,997 |
70,222 |
591,480 |
593,369 |
591,480 |
815,920 |
1,714,009 |
2,182,337 |
|||||||||||
| EPS - Basic (In Dollar) | $0.24 |
$0.24 |
$0.24 |
$0.35 |
$0.69 |
$0.89 |
$7.69 |
$7.66 |
$7.69 |
$10.45 |
$22.02 |
$27.63 |
|||||||||||
| Shares used in computing EPS-Basic (In thousands) | 76,881 |
77,429 |
76,881 |
78,059 |
77,854 |
78,973 |
76,881 |
77,429 |
76,881 |
78,059 |
77,854 |
78,973 |
|||||||||||
| EPS - Diluted (In Dollar) | $0.24 |
$0.24 |
$0.24 |
$0.35 |
$0.69 |
$0.89 |
$7.67 |
$7.64 |
$7.67 |
$10.43 |
$21.91 |
$27.52 |
|||||||||||
| Shares used in computing EPS-Diluted (In thousands) | 77,083 |
77,692 |
77,083 |
78,230 |
78,223 |
79,303 |
77,083 |
77,692 |
77,083 |
78,230 |
78,223 |
79,303 |
|||||||||||
| UNAUDITED CONSOLIDATED BALANCE SHEETS As of September 30, 2026 and 2025 |
USD in Thousands | NTD in Thousands | |||||||||
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|||||
2026 |
2025 |
2026 |
2025 |
||||||||
| Current assets | |||||||||||
| Cash & cash equivalents | 307,525 |
|
321,937 |
|
9,794,679 |
|
9,802,985 |
|
|||
| Accounts receivable, net | 61,516 |
|
60,357 |
|
1,959,291 |
|
1,837,871 |
|
|||
| Inventories, net | 140,946 |
|
106,006 |
|
4,489,117 |
|
3,227,886 |
|
|||
| Other current assets | 28,020 |
|
23,142 |
|
892,431 |
|
704,680 |
|
|||
| Total current assets | 538,007 |
|
511,442 |
|
17,135,518 |
|
15,573,422 |
|
|||
| Non-current assets | |||||||||||
| Property, plant and equipment, net | 11,348 |
|
9,770 |
|
361,435 |
|
297,476 |
|
|||
| Right-of-use assets | 10,044 |
|
12,135 |
|
319,894 |
|
369,504 |
|
|||
| Intangible assets | 106,720 |
|
111,738 |
|
3,399,034 |
|
3,402,430 |
|
|||
| Deferred income tax assets | 9,055 |
|
11,737 |
|
288,390 |
|
357,378 |
|
|||
| Other non-current assets | 137,650 |
|
145,353 |
|
4,384,133 |
|
4,425,999 |
|
|||
| Total non-current assets | 274,817 |
|
290,733 |
|
8,752,886 |
|
8,852,787 |
|
|||
| Total Assets | 812,824 |
|
802,175 |
|
25,888,404 |
|
24,426,209 |
|
|||
| Current Liabilities | |||||||||||
| Accounts payable | 49,544 |
|
40,117 |
|
1,577,986 |
|
1,221,549 |
|
|||
| Other payables | 23,122 |
|
25,499 |
|
736,444 |
|
776,459 |
|
|||
| Current income tax liabilities | 8,725 |
|
13,627 |
|
277,895 |
|
414,940 |
|
|||
| Lease liabilities - current | 3,574 |
|
4,167 |
|
113,826 |
|
126,887 |
|
|||
| Other current liabilities | 6,793 |
|
8,983 |
|
216,334 |
|
273,530 |
|
|||
| Total current liabilities | 91,758 |
|
92,393 |
|
2,922,485 |
|
2,813,365 |
|
|||
| Non-current Liabilities | |||||||||||
| Lease liabilities - non-current | 6,470 |
|
7,968 |
|
206,068 |
|
242,617 |
|
|||
| Total non-current liabilities | 6,470 |
|
7,968 |
|
206,068 |
|
242,617 |
|
|||
| Equity | |||||||||||
| Ordinary shares | 26,025 |
|
26,388 |
|
789,578 |
|
800,578 |
|
|||
| Capital reserves | 107,571 |
|
107,858 |
|
3,262,510 |
|
3,271,537 |
|
|||
| Retained earnings | 622,955 |
|
616,888 |
|
18,638,508 |
|
18,457,171 |
|
|||
| Other equity | 158 |
|
(2,801 |
) |
1,424,569 |
|
355,146 |
|
|||
| Treasury shares | (42,113 |
) |
(46,519 |
) |
(1,355,314 |
) |
(1,514,205 |
) |
|||
| Total equity | 714,596 |
|
701,814 |
|
22,759,851 |
|
21,370,227 |
|
|||
| Total liabilities and equity | 812,824 |
|
802,175 |
|
25,888,404 |
|
24,426,209 |
|
|||
| UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS For the nine months ended September 30, 2026 and 2025 |
USD in Thousands | NTD in Thousands | |||||||||
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|
Sep 30, |
|||||
2026 |
2025 |
2026 |
2025 |
||||||||
| Cash flows from operating activities | |||||||||||
| Income before income tax for the period | 58,125 |
|
76,785 |
|
1,844,816 |
|
2,386,725 |
|
|||
| Depreciation and amortization (including the right-of-use assets) | 17,980 |
|
18,764 |
|
570,699 |
|
585,810 |
|
|||
| Loss on disposal of equipment | 4 |
|
- |
|
139 |
|
- |
|
|||
| Intangible assets recognized as expenses | 279 |
|
- |
|
8,845 |
|
- |
|
|||
| Share-based compensation cost | 12,205 |
|
15,101 |
|
387,390 |
|
470,995 |
|
|||
| Interest income | (5,823 |
) |
(6,627 |
) |
(184,872 |
) |
(206,376 |
) |
|||
| Income and expenses having no effect on cash flows | 24,645 |
|
27,238 |
|
782,201 |
|
850,429 |
|
|||
| Accounts receivable | (2,410 |
) |
(12,646 |
) |
(76,760 |
) |
(385,061 |
) |
|||
| Inventories | (25,696 |
) |
15,454 |
|
(818,405 |
) |
470,567 |
|
|||
| Other current assets | (26,200 |
) |
(23,802 |
) |
(849,633 |
) |
(736,072 |
) |
|||
| Net changes in assets relating to operating activities | (54,306 |
) |
(20,994 |
) |
(1,744,798 |
) |
(650,566 |
) |
|||
| Accounts payable | 10,084 |
|
(171 |
) |
321,161 |
|
(5,216 |
) |
|||
| Accrued expenses | (5,364 |
) |
(7,169 |
) |
(170,835 |
) |
(218,282 |
) |
|||
| Other current liabilities | (1,726 |
) |
3,083 |
|
(54,976 |
) |
93,886 |
|
|||
| Net changes in liabilities relating to operating activities | 2,994 |
|
(4,257 |
) |
95,350 |
|
(129,612 |
) |
|||
| Cash inflow generated from operations | 31,458 |
|
78,772 |
|
977,569 |
|
2,456,976 |
|
|||
| Interest received | 5,823 |
|
6,627 |
|
184,872 |
|
206,376 |
|
|||
| Income taxes paid | (7,450 |
) |
(3,724 |
) |
(236,470 |
) |
(116,275 |
) |
|||
| Income taxes received | 15 |
|
4 |
|
470 |
|
118 |
|
|||
| Net cash provided by operating activities | 29,846 |
|
81,679 |
|
926,441 |
|
2,547,195 |
|
|||
| Cash flows from investing activities | |||||||||||
| Acquisition of equipment | (6,188 |
) |
(3,304 |
) |
(196,409 |
) |
(103,149 |
) |
|||
| Acquisition of intangible assets | (459 |
) |
(137 |
) |
(14,556 |
) |
(4,274 |
) |
|||
| Decrease in refundable deposits | 2,400 |
|
4,036 |
|
76,448 |
|
122,907 |
|
|||
| Increase in other prepayments | (2,901 |
) |
(7,779 |
) |
(92,092 |
) |
(242,884 |
) |
|||
| Acquisition of business combinations | - |
|
(9,000 |
) |
- |
|
(292,410 |
) |
|||
| Net cash flows used in investing activities | (7,148 |
) |
(16,184 |
) |
(226,609 |
) |
(519,810 |
) |
|||
| Cash flows from financing activities | |||||||||||
| Repayment of the principal portion of lease liabilities | (3,464 |
) |
(3,011 |
) |
(109,946 |
) |
(94,012 |
) |
|||
| Purchase of treasury shares | (36,224 |
) |
(45,790 |
) |
(1,136,134 |
) |
(1,497,643 |
) |
|||
| Treasury shares reissued to employees | 22,690 |
|
23,576 |
|
732,798 |
|
757,965 |
|
|||
| Distribution of cash dividends | (43,877 |
) |
(40,339 |
) |
(1,367,456 |
) |
(1,294,697 |
) |
|||
| Cash dividend regain from canceled share-based compensation | 2 |
|
81 |
|
58 |
|
2,533 |
|
|||
| Net cash flows used in financing activities | (60,873 |
) |
(65,483 |
) |
(1,880,680 |
) |
(2,125,854 |
) |
|||
| Effect of exchange rate changes | (1,087 |
) |
732 |
|
76,004 |
|
(630,448 |
) |
|||
| Net (decrease) increase in cash and cash equivalents | (39,262 |
) |
744 |
|
(1,104,844 |
) |
(728,917 |
) |
|||
| Cash and cash equivalents at beginning of period | 346,787 |
|
321,193 |
|
10,899,523 |
|
10,531,902 |
|
|||
| Cash and cash equivalents at end of period | 307,525 |
|
321,937 |
|
9,794,679 |
|
9,802,985 |
|
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
ir@paradetech.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20261027312053/en/
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