Quarterly ResultJun 17, 2026, 08:46 AM
Deswell Industries H2 FY26 Sales Down 13.4% to $28.1M; Declares Dividends
AI Summary
Deswell Industries announced its unaudited financial results for the second half of fiscal year 2026, reporting a 13.4% decrease in net sales to $28.1 million and a decrease in net income to $3.1 million compared to the prior year. The company also declared a cash dividend of $0.10 per share and a special cash dividend of $0.20 per share. Despite lower sales, the overall gross margin slightly improved, driven by stronger performance in the electronics segment, though the plastic segment faced challenges with increased labor costs.
Key Highlights
- Net sales decreased 13.4% to $28.1M in H2 FY2026 vs. $32.4M in H2 FY2025.
- Net income decreased to $3.1M in H2 FY2026 from $5.0M in H2 FY2025.
- Basic and diluted EPS were $0.20 for H2 FY2026, down from $0.31 in H2 FY2025.
- Total gross margin slightly increased to 21.1% in H2 FY2026 from 20.9% in H2 FY2025.
- Plastic segment gross margin decreased to 13.2% due to higher labor costs.
- Electronics segment gross margin increased to 22.4% due to higher-margin offerings.
- Company declared a $0.10 per share regular dividend and a $0.20 per share special dividend.
Price Impact