1. Taiwan Stocks

  2. •

    Electronic technology

  3. •

    Computer processing hardware
Leadtek Research Inc.

Leadtek Research Inc.

TTWSE:2465
96.20
TWD
+8.70
(+9.94%)
2.77EPS
25.76P/E
6.69BMarket Cap
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
34.06
36.1
40.63
45.37
49.93
56.48
61.75
77.16
144.74
90.11
67.75
50.13
52
75.43
Basic EPS, GAAP
-1.69
-2.28
0.85
-3.41
-0.99
-1.02
-0.33
0.45
7.14
-3.32
-2.53
-5.26
0.43
2.76
Free Cash Flow per Basic Share
-1.91
-3.35
-0.63
-3.82
-1.22
1.65
-0.83
2.58
1.68
-6.56
-1.36
-0.83
0.23
-0.25
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.91
- -
- -
- -
- -
Book Value per Share
12.35
10.08
11.16
7.84
6.78
5.7
5.3
5.38
12.78
8.65
12.04
6.96
11.57
14.51
Tangible Book Value per Share
11.99
9.71
10.73
7.05
6.49
5.38
5.14
5.31
12.69
8.56
12
6.91
11.53
14.47
Basic Weighted Avg Shares
59
59
61
61
59
59
59
59
61
59
63
84
85
92
Sales/Revenue/Turnover
2,009
2,129
2,477
2,765
2,943
3,329
3,640
4,548
8,823
5,311
4,276
4,208
4,436
6,954
Operating Margin (%)
-5.78
-5.97
-3.17
-5.68
-2.38
-0.39
0.45
1.1
6.28
-2.74
-2.45
-5.78
2.68
4.65
Depreciation Expense
30
37
26
43
46
35
46
49
43
50
53
58
51
48
Net Income, GAAP
-100
-135
52
-208
-58
-60
-19
27
435
-196
-160
-441
36
255
Effective Tax Rate (%)
- -
- -
8.92
- -
- -
- -
- -
54.69
20.33
- -
- -
- -
34.4
24.65
Profit Margin (%)
-4.96
-6.32
2.1
-7.53
-1.97
-1.81
-0.53
0.59
4.93
-3.69
-3.74
-10.49
0.82
3.66
Working Capital
201
66
154
-38
88
61
74
126
597
254
725
367
791
1,090
LT Debt
- -
13
11
- -
- -
13
91
96
112
85
64
75
2
6
Total Equity
734
606
678
485
392
301
286
317
752
509
1,010
584
1,087
1,363
Return on Invested Capital (%)
- -
- -
4.92
- -
- -
- -
- -
2.76
40.12
- -
- -
- -
4.98
18.1
Return on Capital (%)
- -
- -
5.97
- -
- -
- -
- -
4.37
40.67
- -
- -
- -
4.3
20.13
Return on Common Equity (%)
-12.83
-20.35
8.3
-37.16
-13.48
-16.37
-5.96
8.51
81.29
-30.99
-21
-55.32
4.36
25.98

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
35
144
189
LT Borrowings
- -
- -
- -
LT Finance Leases
2
8
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
94
94
94
Market Capitalization
5,449
4,885
6,689

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,148
1,575
2,082
Cash, Cash Equivalents & STI
461
321
718
Accounts Receivable, Net
211
360
395
Inventories
392
848
908
Total Current Liabilities
357
639
992
Payables & Accruals
- -
- -
- -
ST Debt
35
144
189
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.23%
49.47%
86%
Free Cash Flow
-109.37%
-146.73%
-128.06%
Net Income, GAAP
55.5%
286.03%
-108.26%
Sales/Revenue/Turnover
10.4%
7.71%
5.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
940
715
995
1,628
4,208
2025
820
758
1,952
928
4,436
2026
1,569
2,506
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1
-1.59
-1.12
-1.5
-5.26
2025
0.24
0.27
-0.42
0.31
0.43
2026
1.15
1.64
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Kun Shan Lu
Full Time Employees
33,083
Sector
Electronic technology
Industry
Computer processing hardware
Address
No. 166, Jian 1st Road New Taipei NWT Taiwan 235603
IPO Date
Sep 19, 2001
Website
leadtek.com
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Business
Leadtek Research Inc. (2465.TW) designs, manufactures, and sells advanced computing solutions focused on artificial intelligence servers, high-performance computing systems, and edge AI devices. The company offers a comprehensive portfolio of products including GPU-accelerated AI servers under the Thunder series, edge AI inference appliances such as the WISE-AI and GP series for industrial IoT applications, embedded systems for smart city and retail analytics; network video recorders (NVRs), video management software (VMS), and AI-powered video surveillance solutions; as well as customized high-density computing platforms for data centers and hyperscale environments. Leadtek serves enterprise customers in industries such as manufacturing, healthcare, transportation, security, and smart retail, with primary operations in Taiwan and sales networks across Asia, North America, and Europe. Founded in 1987 and headquartered in Taipei, Taiwan, Leadtek operates as a key player in the AI hardware and edge computing segment, providing turnkey solutions that integrate NVIDIA GPUs, Intel processors, and proprietary AI accelerators for applications including facial recognition, object detection, and predictive maintenance. The company maintains subsidiaries in the United States, China, and Japan to support global R&D and distribution. In recent developments, Leadtek launched the ThunderX series of liquid-cooled AI servers in 2024 to address hyperscale data center demands amid surging generative AI workloads, alongside expanded partnerships with NVIDIA for certified DGX-ready systems. The firm secured a major supply contract in early 2025 with a leading Asian semiconductor manufacturer for edge AI modules, boosting its revenue outlook. No significant acquisitions, funding rounds, or reorganizations have been reported in the past two years.