Nan Ya Technology's July Revenue Soars, Stock Re-enters NT$1,000 Club

IC substrate manufacturer Nan Ya Printed Circuit Board Corporation (Nanya Technology) announced its July consolidated revenue reached a 43-month high, causing its stock price to rally and reclaim its position above NT$1,000.

The company reported July consolidated revenue of NT$5.439 billion, marking a 16.13% increase from the previous month and a substantial 50.24% rise year-on-year. For the first seven months of the year, cumulative revenue stood at NT$30.192 billion, up 39.38% compared to the same period last year.

Analysts attribute the strong performance to the current pricing dynamics for ABF substrates, where spot prices have outpaced long-term contract rates, significantly benefiting Nanya's profitability. The demand for high-layer count and larger-sized substrates for next-generation network switches from a major U.S. client is also a key driver.

With production facilities operating at near full capacity and a tight supply-demand balance, industry observers anticipate further price increases for both ABF and BT substrates, estimated between 18% and 20%. This is expected to drive a 15.1% sequential increase in revenue for the third quarter, accompanied by a significant improvement in gross margin and overall profitability.