Machvision Inc., a Taiwan-based automated optical inspection equipment maker, reported first-quarter earnings that nearly matched its entire 2024 profit as demand for high-end products boosted margins.
The Hsinchu-based semiconductor and PCB inspection systems provider posted earnings per share of NT$5.22 ($0.17) for the January-March period, a tenfold increase from NT$0.5 a year earlier, according to a board meeting statement Tuesday.
The surge in profitability stems from strong demand for premium products that pushed gross margins to approximately 65%, the company said. Machvision develops machine vision systems primarily for semiconductor and printed circuit board industries, with product lines including drilling inspection systems and 3D AOI technologies.
In the same board meeting, directors approved a NT$50 million ($1.6 million) investment in mainland China operations to lower production costs and strengthen competitive advantages amid evolving industry trends.
The company, founded in 1998, has maintained profitability throughout its 20-plus year history. Current shares trade at around NT$357.50 on the Taiwan Stock Exchange, giving Machvision a market capitalization of approximately NT$20.8 billion.
