Largan Precision Reports June Revenue, Eyes CPO Market Growth

Taiwanese optical lens giant Largan Precision announced its June revenue figures, reporting NT$3.712 billion. This represents a 19% decrease compared to the previous month but a notable 10% increase compared to the same period last year. For the second quarter, the company's revenue stood at NT$13.66 billion, marking a 17% year-on-year growth, although it saw a 12% decrease from the first quarter.

Looking ahead, Largan indicated that July's shipment momentum is expected to improve slightly compared to June, though it will still be influenced by production schedules. The company is actively venturing into the burgeoning CPO (Co-Packaged Optics) market. Chairman Adam Lin confirmed the development of high-precision FA (Fiber Array) components for CPO applications. If validation processes proceed smoothly, Largan anticipates this new venture could start contributing to revenue as early as next year.

Market attention is also focused on Largan's upcoming investor conference on July 9th. Key discussion points are expected to include the company's CPO strategy and its outlook for Apple's new iPhone models in the third quarter. Regarding its product mix in June, lenses with 10 million pixels constituted the largest share, ranging from 60% to 70% of shipments. Products with 20 million pixels or higher accounted for 10% to 20%, while other products made up the remaining share. Lenses with 8 million pixels represented less than 10% of the shipments.

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We have developed high-precision FA, and if verification is successful, it is expected to contribute revenue as early as next year.