Stars Microelectronics (Thailand) Public Company Limited (SMT) reported strong financial performance for the third quarter of 2026, with revenue from sales and services reaching THB 804.2 million, an increase of 45.2% year-on-year, and net profit of THB 92.1 million, up 127.3% quarter-on-quarter, marking a turnaround from a net loss in the same period last year. The results reflect a clear business recovery, driven by stronger orders across all business segments, effective cost management, and a higher contribution from high-value-added products from both existing and new customers. Meanwhile, the Company continues to advance its investment plan for a new manufacturing facility to support long-term business expansion.
For the third quarter of 2026, the Company recorded revenue from sales and services of THB 804.2 million, representing an increase of 45.2% from THB 553.7 million in the same period last year and 13.0% from THB 711.3 million in the previous quarter. Net profit stood at THB 92.1 million, compared with a net loss of THB 47.8 million in the same period last year and net profit of THB 40.5 million in the previous quarter, representing a 127.3% quarter-on-quarter increase.
The strong performance also contributed to a significant improvement in gross profit margin, which rose to 17.5%, compared with 1.4% in the same period last year and 13.0% in the previous quarter. Net profit margin increased to 11.1%, turning positive from a loss in the same period last year and improving from 5.6% in the previous quarter. These improvements reflect more effective cost management, higher production capacity utilization, and an expanding contribution from higher-margin business segments.
For the first nine months of 2026, the Company generated total revenue from sales and services of THB 2,117.5 million, an increase of 46.2% year-on-year, with net profit of THB 143.7 million, turning around from a net loss of THB 49.2 million in the same period last year. This further underscores the Company's business recovery and its strengthened ability to generate sustainable profitability.
Mr. Prompong Chaikul, Chief Executive Officer of Stars Microelectronics (Thailand) Public Company Limited, commented:
"The third-quarter 2026 results clearly demonstrate SMT's business recovery in both revenue growth and profitability, supported by increasing customer demand across all business segments. The semiconductor segment, in particular, continues to benefit from global investment in AI and Data Center infrastructure.
At the same time, the Company remains focused on improving production efficiency, optimizing cost management, and developing higher-value-added products. These initiatives are strengthening our competitiveness and establishing a solid foundation for long-term growth."
Looking ahead, SMT is moving forward with its investment plan to develop a new manufacturing facility to accommodate the expansion of its PCBA & Box Build business, while enhancing the flexibility of its existing factory space to support the growth of its OSAT and Optics & Photonics businesses. These segments offer significant growth opportunities in line with rising demand for advanced semiconductor technologies and evolving customer requirements.
The investment is aligned with the Company's Technology Roadmap, which aims to enhance its manufacturing and service capabilities in Advanced Packaging, Wafer Processing, Photonics, and Digital Infrastructure-related products. This strategic direction will enable SMT to address increasing demand for data processing, storage, and transmission driven by the rapid growth of AI, Data Centers, and high-speed communication networks.
Mr. Prompong added:
"The Company sees significant long-term growth opportunities arising from the transformation of the technology industry, particularly in AI Infrastructure and advanced semiconductor development. We are therefore prioritizing readiness in production capacity, technology, and human resources, alongside expanding our customer base and maintaining financial discipline. These efforts will enable SMT to capitalize on emerging business opportunities and deliver sustainable growth."
For the fourth quarter of 2026, the Company expects continued support from customer demand and scheduled product deliveries across its business segments, particularly in products related to Photonics, Advanced Packaging, and Digital Infrastructure. SMT will remain focused on maintaining production efficiency, controlling costs, managing working capital, and developing higher-value-added products to strengthen profitability and reinforce its long-term business resilience.
