UWC Berhad Reports Record Earnings Driven by Semiconductor Orders in 2QFY26
UWC Berhad achieved a record-high core net profit of RM25 million for 2QFY26, driven by strong semiconductor segment contributions, exceeding expectations. Revenue reached RM136 million, with a significant year-on-year growth. Despite some margin contraction due to new project qualification, the company’s order book increased to RM250 million, indicating positive momentum going into the second half of FY26.
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UWC Berhad reported a core net profit of RM25 million for 2QFY26, a 37% increase quarter-on-quarter and 126% year-on-year, supported by a revenue of RM136 million, up 13% QoQ and 48% YoY, primarily from the semiconductor segment. The EBITDA margin expanded by 6 percentage points YoY to 26%, though it contracted by 2 percentage points QoQ to 25% due to higher material costs associated with new product qualifications.
UWC's order book rose for the fourth consecutive quarter to RM250 million, with a favorable distribution among front-end, back-end, and life sciences. Earnings forecasts for FY26-28 were raised by 4-6%, with a new 12-month target price set at RM5.75.
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