Lite-On Reports Q1 EPS of 1.51, Anticipates Stronger Q2 Performance
Lite-On Technology recently announced that its Q1 profit surged by 45% year-on-year, with earnings per share (EPS) reaching 1.51. This growth was driven by the cloud IoT, optoelectronics, and information technology sectors. Looking ahead, Lite-On expects that its core business operations will outpace Q1 in Q2.
In the first quarter, the company’s revenue hit NT$36.4 billion, a 27% increase from last year, with a gross margin of 22.6%. CEO Kuo Sen-bin remarked that the company will continue to deepen its core business growth and strategic positioning to enhance profitability.
Amid global economic challenges, Lite-On is set to upgrade product specifications and operational models while enhancing the competitiveness of high-value products and technologies. For Q2, growth momentum is expected to accelerate in the high-end products within cloud computing and optoelectronics.
