Largan Precision posted third-quarter net income of NT$7.08 billion ($231 million), rebounding from abysmal second-quarter results when currency fluctuations wiped out NT$4.22 billion ($138 million). The world’s largest smartphone lens maker saw profit surge 586% from the previous quarter and edge up 6.8% year-over-year.
The Taichung-based supplier to Apple and Samsung converted foreign exchange headaches into NT$673 million ($22 million) in gains as the Taiwan dollar stabilized. Combined with NT$1 billion ($33 million) in interest income, the company delivered earnings per share of NT$53.05.
Yet profitability metrics deteriorated. Gross margin tumbled below 50% for the first time in two quarters, landing at 47.2%—down 6.43 percentage points from the prior period and marking the weakest performance since late 2023. Chairman Lin En-ping attributed the slide to subpar manufacturing yields for periscope lenses, a recently introduced product struggling with production challenges. Currency swings shaved 2 to 3 percentage points off margins, while rising reliance on outsourced components further pressured profitability.
For the first nine months, Largan earned NT$14.55 billion ($476 million), down 16% from the same period in 2024, with earnings per share of NT$109.06. The company expects yield improvements on periscope lenses to gradually restore margins.
