Macronix reports record Q3 revenue and profit driven by price increases

Macronix (2337) reported record-breaking financial results for the third quarter of 2026, with revenue reaching 24.237 billion TWD, a 195% increase year-over-year. The company achieved a gross margin of 70.5% and a net profit of 10.951 billion TWD, marking the strongest quarterly performance in its history.

Chairman and CEO Wu Min-chiu noted that while demand remains robust, current capacity is limited. Consequently, short-term revenue growth is primarily driven by price increases rather than volume expansion. New production capacity is not expected to begin mass production until the second half of 2027.

The company's product mix has shifted significantly, with NAND (including eMMC) accounting for 47% of revenue and NOR Flash accounting for 46%. NAND revenue saw a massive year-over-year surge of 768%, fueled by high demand for eMMC and SLC products. In the NOR segment, strong demand from data centers has impacted supply availability for other sectors, though industrial, medical, and aerospace applications also saw a 48% quarterly revenue increase.