Chroma ATE
ConvictionContext
Designs and assembles automated test systems and instruments; sells capital equipment plus test solutions/software and service. Asset-light assembler (outsourced fabrication) with high gross margins; revenue is order/insertion-driven and cyclical, now riding a secular AI capex wave.
Revenue
FY2025 NT$28.31B~$0.96B USD); Q1 FY2026 NT$11.8B (~$400M USD); TTM ~NT$33.3BRev growth
FY2025 +31% YoYQ1 FY2026 +73% YoY / +38% QoQGross margin
~61% FY2025Q4 61%); Q1 FY2026 63%Op margin
~40%Q1 FY2026Capex intensity
not disclosed as a ratioelevated near-term from second-phase HQ construction and CPO-test tooling investment (Stages 3-4), but structurally low vs. a fab (asset-light assemblerMarket cap
~$28B USDapprox. NT$832B at ~29.5 TWD/USD; TWSE:2360, price NT$1,965 x ~423.6M shares as of ~7 Jul 2026; was ~NT$915B / ~$31B at the NT$2,160 close on 2 Jul 2026The read
Where our coverage leans
Coverage leans bullish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07 (FY2025 annual + Q1 FY2026 earnings, 30 Apr 2026; price/market cap as of ~7 Jul 2026)· sign in (free) for the analyst summary; Pro unlocks full intelligence