Winbond Electronics Corp.

Winbond Electronics Corp.

TTWSE:2344
154.50
TWD
-5.00
(-3.13%)
933.75BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.72
9.98
10.18
11.56
12.94
12.62
12.02
14.96
24.58
23.51
18.71
18.97
19.87
- -
Basic EPS, GAAP
0.05
0.81
0.87
0.8
1.51
1.84
0.31
0.32
3.36
3.21
-0.29
0.14
0.88
- -
Free Cash Flow per Basic Share
1.28
-1.12
0.93
1.34
-0.92
-0.84
-0.75
0.63
4.51
-6.66
-2.62
-1.49
0.96
- -
Dividend per Share
0.04
0.03
0.03
0.1
0.58
0.98
0.98
0.1
0.2
0.99
0.99
- -
- -
- -
Book Value per Share
9.15
10.03
10.55
11.91
14.84
15.4
15.04
16.14
20.33
23.22
21.86
20.37
23.99
36.67
Tangible Book Value per Share
9.1
9.95
10.48
11.83
14.77
15.34
14.94
15.92
20.06
23.02
21.71
20.19
23.79
36.46
Basic Weighted Avg Shares
3,801
3,806
3,766
3,641
3,678
4,056
4,056
4,056
4,051
4,021
4,009
4,302
4,500
4,501
Sales/Revenue/Turnover
33,135
37,990
38,350
42,092
47,592
51,190
48,771
60,683
99,570
94,530
75,006
81,610
89,406
- -
Operating Margin (%)
2.31
9.63
10.71
8.82
13.99
15.48
2.56
2.91
18.56
17.33
-2.14
0.64
6.33
- -
Depreciation Expense
6,447
4,875
5,857
5,671
6,084
7,583
8,778
9,463
11,656
9,549
11,856
12,687
12,683
- -
Net Income, GAAP
207
3,076
3,291
2,898
5,551
7,446
1,256
1,304
13,595
12,927
-1,147
601
3,962
- -
Effective Tax Rate (%)
48.56
18.54
18.25
16.37
17.96
7.95
15.7
16.19
17.69
16.95
- -
36.17
31.08
- -
Profit Margin (%)
0.62
8.1
8.58
6.88
11.66
14.55
2.58
2.15
13.65
13.68
-1.53
0.74
4.43
- -
Working Capital
9,907
8,525
12,380
12,654
21,000
21,059
20,042
22,056
43,862
40,761
30,473
17,754
26,576
55,060
LT Debt
6,076
9,763
8,755
6,638
8,729
14,099
21,758
23,653
25,988
46,299
47,901
32,932
28,208
24,124
Total Equity
35,888
39,300
40,099
45,221
61,627
63,891
63,857
70,593
90,034
102,734
100,460
99,159
114,130
173,543
Return on Invested Capital (%)
0.81
5.76
6.18
5.66
8.43
9.27
1.22
1.57
13.18
10.15
- -
0.62
2.36
- -
Return on Capital (%)
0.53
5.98
6.13
5.2
8.27
9.35
1.41
1.39
11.23
8.05
- -
0.81
3.53
- -
Return on Common Equity (%)
0.61
8.43
8.54
7
10.66
12.14
2.04
2.06
18.38
14.64
-1.23
0.65
3.97
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
26,028
47,597
46,402
LT Borrowings
26,399
27,041
22,532
LT Finance Leases
1,809
1,591
1,592
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,500
4,500
4,500
Market Capitalization
371,700
405,900
933,750

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
73,191
110,642
147,165
Cash, Cash Equivalents & STI
29,081
37,853
62,319
Accounts Receivable, Net
16,071
22,012
37,436
Inventories
25,758
25,232
25,787
Total Current Liabilities
46,615
75,046
92,104
Payables & Accruals
- -
- -
- -
ST Debt
26,028
47,597
46,402
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.65%
10.65%
15.1%
Free Cash Flow
-22.66%
19.32%
-167.32%
Net Income, GAAP
127%
247.11%
559.22%
Sales/Revenue/Turnover
10.68%
11.34%
9.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,121
21,484
21,312
18,692
81,610
2025
19,993
21,018
- -
26,625
89,406
2026
38,253
59,843
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
0.41
- -
-0.14
0.14
2025
-0.24
-0.29
- -
0.76
0.88
2026
2.25
5.4
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yu-Chun Chiao
Full Time Employees
7,942
Sector
Electronic technology
Industry
Semiconductors
Address
No. 8, Keya 1st Road Taichung TXQ Taiwan 428303
IPO Date
Oct 18, 1995
Business
Winbond Electronics Corporation engages in the design, development, manufacture, and marketing of very large scale integration (VLSI) integrated circuits (ICs) for diverse microelectronic applications worldwide, primarily operating through three product segments: Dynamic Random Access Memory (DRAM) IC products; Flash memory products; and Logic IC products. Its DRAM portfolio includes Mobile DRAM devices such as Pseudo Static RAM (PSRAM), HyperRAM, Low Power Single Access (LPSDR) Synchronous DRAM (SDRAM), Low Power Double Data Rate SDRAM (DDR SDRAM) including DDR1 through DDR4X variants, and specialty SDRAM products. The Flash memory segment offers Code Storage Flash Memory including serial NOR, QspiNAND, OctalNAND, Single Level Cell (SLC) NAND, SpiStack, Authentication Flash products, NAND-based Multi-Chip Packages (MCP), and TrustME secure flash memory. The Logic IC segment encompasses application-specific catalog products supporting various customer needs across computing, communication, consumer electronics, automotive, and industrial sectors. Beyond manufacturing, Winbond provides research and development, design, sale, after-sales service, testing, consulting, and electronic commerce related to its semiconductor products. The company markets its products primarily through distributors and online platforms. Founded in 1987, Winbond Electronics is headquartered in Taichung, Taiwan, with global operations spanning Asia, the Americas, Europe, and beyond. In recent strategic developments within the past two years, Winbond expanded its technology and market reach through the acquisition of a 46% stake in NexFlash Technologies Inc., a Silicon Valley-based intellectual property developer specializing in flash memory technology, with an investment of approximately $33 million aimed at advancing process technologies and product innovation. Additionally, in 2024, Winbond acquired the Advanced PC Business Division from National Semiconductor, enhancing its logic IC business with key products such as I/O controllers, embedded controllers, and Trusted Platform Module (TPM) controllers, strengthening its footprint in notebook and motherboard markets and adding expertise in information system protection ICs compliant with TPM industry standards. Winbond also entered a strategic partnership with STMicroelectronics to integrate high-performance memory with STM32 devices targeting smart industrial and consumer applications. Moreover, the company is leading supply chain efforts in green transformation, advancing energy-efficient semiconductor solutions aligned with carbon reduction goals. These initiatives underscore Winbond’s commitment to innovation and market expansion while maintaining its position as a total memory solutions provider recognized globally for specialty DRAM, mobile DRAM, code storage flash, and secure flash memory products. Winbond maintains a strong position in the semiconductor industry focused on microelectronics for computing, communications, consumer electronics, automotive, and industrial industries. Its product applications include embedded systems, mobile computing, data storage solutions, and security-enhanced memory technologies. The company’s comprehensive portfolio and recent strategic acquisitions position it for competitive growth amidst evolving technology demands and increasing focus on energy efficiency and security in semiconductor products. Winbond continues to invest heavily in research and development, securing its role as a top innovator in memory and logic IC solutions globally.