Hsinchu, Taiwan, May 8, 2026 – Sino-American Silicon Products Inc. (SAS) today (5/8) held the Board meeting and approved Q1 2026 earnings results. Q1 2026 consolidated revenue totaled NT$19.38 billion with YoY 0.04 %; gross profit of NT$ 4.5 billion, gross profit margin of 23.2 %; operating income of NT$ 2.3 billion, operating income margin of 11.9 %; net income of NT$ 2.61 billion, net income margin of 13.5 %; net income attributed to the parent company NT$ 1.13 billion, net income attributed to the parent company margin of 5.8%; EPS of NT$ 1.83 . Its semiconductor subsidiary, GlobalWafers (GWC), Q1 2026 consolidated revenue totaled NT$ 13.98 billion, gross profit of NT$ 2.91 billion, operating income of NT$ 1.48 billion, net income of NT$ 1.9 billion, EPS of NT$ 3.97.

 

In the renewable energy sector, amid the accelerating global energy transition, rising geopolitical uncertainties, and the rapid surge in electricity demand driven by AI applications, renewable energy has evolved beyond an ESG initiative into a critical foundation for energy security and economic development. Building on its organizational restructuring in 2025, SAS has accelerated the development of its renewable energy business through a dual-track strategy of “Manufacturing + Services.” In the first quarter of 2026, renewable energy revenue reached NT$1.35 billion, representing a YoY increase of 75.5%, demonstrating strong growth momentum. On the manufacturing side, the Company’s wholly owned subsidiary in Yilan, Sustainable Sunrise Co., Ltd. (SUN) is actively expanding into high technical barrier applications, such as Low Earth Orbit (LEO) satellite applications, while continuing to strengthen its presence in Taiwan’s rooftop solar market. Fire-resistant solar modules have entered mass production and shipment, enhancing product safety and differentiation, and driving growth in the manufacturing segment. On the services side, Sustainable Energy Solution (SGE), a subsidiary of SAS, has established a one-stop energy service platform encompassing power generation, power sales, energy storage, and energy efficiency solutions. Through comprehensive and integrated energy solutions, SGE supports enterprises in advancing their low-carbon transition. As of the end of the first quarter of 2026, cumulative green power contracts signed by SGE’s power sales subsidiaries, Sustainable Energy Solution (SES) and Anneal Energy (Anneal) have reached nearly 22 billion kWh, reflecting strong customer confidence of the Group’s service quality and reliable delivery capabilities. As corporate demand for green power continues to scale up rapidly, SGE continues to leverage its integrated service offerings to expand its operational scale, while building and deepening a base of representative, high‑stickiness customers, thereby establishing a market position with meaningful scale and visibility.

 

In the semiconductor segment, supported by growing demand from AI and high-performance computing, the global semiconductor market continues to recover, driving a gradual improvement in wafer shipments. Although the pace of recovery across end markets remains uneven, overall demand is trending toward a more stable rebound, and we have also observed multiple positive signals from customers. Aside from new production lines still in the qualification and ramp-up phases, GlobalWafers’ 12-inch production lines remain fully loaded, while utilization rates for smaller diameter wafers have also improved. Demand for 8-inch wafers has recovered and is expected to support a gradual recovery in 6-inch wafers, contributing to higher overall capacity utilization and shipment momentum. As global capacity expansion progresses, new capacity in Japan, Italy, and the United States is advancing through customer qualification and ramp-up, with expansion benefits gradually emerging. At the same time, driven by advanced packaging and high-performance applications, demand for upgraded materials continues to grow. GlobalWafers is further strengthening its high-valued product portfolio, with SOI production lines delivering strong performance. Despite being at an early stage of expansion, SOI has already achieved positive gross margin and stands out as one of the early highlights among the Group’s initiatives. 12-inch SiC is progressing through customer qualification and advancing toward future high-value applications, while GaN remains fully loaded under strong demand and continues to expand capacity, further strengthening future growth momentum.

 

SAS’s diversified strategy continues to deliver results, with affiliated companies delivering strong performance in the first quarter of 2026. Taiwan Speciality Chemicals Corporation (TSC, 4772:TT) benefited from capacity expansion in advanced processes and growing AI-driven demand, driving continued growth in specialty gases such as disilane. Its new product, anhydrous hydrogen fluoride (AHF), also began to ramp up, while contributions from the acquisition of Hung Jie Technology Corporation further supported revenue growth. First-quarter consolidated revenue reached NT$0.86 billion, representing a 290% YoY increase, with EPS of NT$1.33. Advanced Wireless Semiconductor Company (AWSC, 8086:TT) upgraded its power amplifier (PA) product mix, driven by demand from high-end smartphones and Wi-Fi 7, while also expanding into non-PA applications such as drones, Low Earth Orbit (LEO) satellites, and LiDAR. First-quarter revenue reached NT$1.22 billion, up 58.4% YoY, with EPS of NT$1.51. Actron Technology Corporation (Actron, 8255:TT) benefited from increasing penetration of 48V automotive systems and plug-in hybrid electric vehicles (PHEVs), supporting steady revenue growth. Actron is also actively expanding into AI servers and high-voltage direct current (HVDC) applications. First-quarter revenue reached NT$2.04 billion, with EPS of NT$1.7.

 

In addition, SAS continues to strengthen its corporate governance and sustainable management. The Company has been ranked among the top 5% of Taipei Exchange-listed companies in the Corporate Governance Evaluation for twelve consecutive years. It also marked its first inclusion among the top 10% of electronic companies with a market capitalization above NT$10 billion, marking a new milestone in its governance performance and reflecting its ongoing efforts to enhance governance frameworks and implement sustainable practices. Its subsidiary GlobalWafers, along with affiliated companies Actron and AWSC, were also ranked within the top 5%, while TSC ranked within the top 6%–20% in its first participation in the Corporate Governance Evaluation. These results reflect the Group’s high level of maturity in corporate governance and operational management, providing a solid foundation for long-term, stable development.