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Leadtek Research Inc.

Leadtek Research Inc.

TTWSE:2465
96.20
TWD
+8.70
(+9.94%)
2.77EPS
25.76P/E
6.69BMarket Cap
Leadtek Research Inc.
TWSE:2465
(Taiwan Stock Exchange)

Recent

price

96.20

P/E

ratio

25.76

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
32.79
41.78
38.47
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
Revenue per Share
0.91
-0.77
-2.13
-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
Basic EPS, GAAP
-2.12
2.78
-2.71
-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
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.91
- -
- -
- -
- -
Dividend per Share
16.95
16.23
14
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
Book Value per Share
16.73
16.09
13.92
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
Tangible Book Value per Share
87
59
59
59
59
61
61
59
59
59
59
61
59
63
84
85
92
Basic Weighted Avg Shares
2,857
2,464
2,270
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
Sales/Revenue/Turnover
-3.51
-2.25
-6.14
-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
Operating Margin (%)
51
42
30
30
37
26
43
46
35
46
49
43
50
53
58
51
48
Depreciation Expense
79
-46
-125
-100
-135
52
-208
-58
-60
-19
27
435
-196
-160
-441
36
255
Net Income, GAAP
17.02
- -
- -
- -
- -
8.92
- -
- -
- -
- -
54.69
20.33
- -
- -
- -
34.4
24.65
Effective Tax Rate (%)
2.78
-1.85
-5.53
-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
Profit Margin (%)
548
504
392
201
66
154
-38
88
61
74
126
597
254
725
367
791
1,090
Working Capital
- -
- -
1
- -
13
11
- -
- -
13
91
96
112
85
64
75
2
6
LT Debt
1,000
959
826
734
606
678
485
392
301
286
317
752
509
1,010
584
1,087
1,363
Total Equity
-7.54
- -
- -
- -
- -
4.92
- -
- -
- -
- -
2.76
40.12
- -
- -
- -
4.98
18.1
Return on Invested Capital (%)
7.22
- -
- -
- -
- -
5.97
- -
- -
- -
- -
4.37
40.67
- -
- -
- -
4.3
20.13
Return on Capital (%)
8.26
-4.65
-14.07
-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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.