Taiwan’s Delta Electronics Inc. reported its highest-ever quarterly earnings, fueled by expanding profit margins that surpassed market expectations.
The power management solutions provider posted a third-quarter net income of NT$12.34 billion (US$390 million), with earnings per share of NT$4.75, surpassing both the previous quarter’s NT$3.83 and the NT$3.60 recorded a year earlier.
The company’s gross margin climbed to 34.9% in the quarter, exceeding analysts’ projections of 34.2% and marking a significant improvement from 29.6% in the same period last year. The margin expansion reflects improved operational efficiency and potentially stronger pricing power in its key markets.
For the first nine months of the year, Delta’s net income reached NT$28.05 billion, pushing its cumulative earnings per share to NT$10.80. The company maintained strong profitability metrics across the board, with year-to-date operating margin and net margin reaching 12% and 10.8% respectively.
The results underscore Delta’s growing prominence in the power and energy management sector, though the sustainability of these margin improvements may face challenges amid global economic uncertainties.
