Taiwanese optical lens manufacturer Largan Precision reported a significant boost in its third-quarter earnings, riding the wave of increased demand for high-resolution camera components. The company’s after-tax earnings per share reached NT$49.67 (US$1.57), marking a substantial year-over-year improvement.
Largan’s Q3 revenue jumped 39% annually to NT$18.95 billion (US$599 million), while its gross profit margin expanded to 50.21%, up 1.8 percentage points from the previous quarter. The firm’s net profit after tax hit NT$6.63 billion (US$209.6 million) for the quarter.
For the first nine months of the year, Largan’s performance remained robust. Cumulative revenue rose 33% to NT$41.25 billion (US$1.3 billion), with after-tax net profit also climbing 33% to NT$17.24 billion (US$545 million). The company’s year-to-date earnings per share reached NT$129.16 (US$4.08), significantly outpacing the NT$96.93 recorded in the same period last year.
Largan’s product mix reflects the industry’s shift towards higher-resolution cameras, with 10-megapixel products accounting for 60-70% of sales, and 20-megapixel and above products making up 10-20%. The company’s strong results underscore its position in the competitive smartphone component market.
