Walsin Technology Corp. reported lower quarterly earnings while maintaining stronger year-to-date performance compared to 2022, highlighting the volatile demand in the passive components sector.
The Taiwanese manufacturer saw its third-quarter net income fall to NT$442 million (US$13.8 million), with earnings per share of NT$0.91. The decline reflects ongoing pressure in the electronics supply chain and fluctuating inventory levels among customers.
For the first nine months of 2024, Walsin’s net profit reached NT$2.06 billion, marking a 5.41% decrease from the same period last year. However, the company’s earnings per share of NT$4.25 exceeded the previous year’s NT$4.09, suggesting improved operational efficiency despite market headwinds.
The results come as passive component makers navigate uncertain market conditions, with global electronics manufacturers adjusting their production schedules amid shifting consumer demand patterns. Industry analysts note that inventory normalization in the sector continues to impact short-term performance.
