Accton Technology Corp
Accton Technology Corp designs, develops, and sells high-performance computing and communications equipment, including switches, routers, and network infrastructure solutions.
Business. Accton Technology Corp (2345.TW) is a technology equipment company specializing in communications and networking activities. The firm operates within the Communications & Networking industry, focusing on the development and sale of communications equipment. Specific details regarding operating segments and geographic revenue mix are not available. The company is primarily listed under the ticker 2345.TW.
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10 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Accton Technology Corp (2345.TW) is a technology equipment company specializing in communications and networking activities. The firm operates within the Communications & Networking industry, focusing on the development and sale of communications equipment. Specific details regarding operating segments and geographic revenue mix are not available. The company is primarily listed under the ticker 2345.TW.
Accton Technology Corp maintains a strong liquidity position, with cash and equivalents amounting to TWD 10.48 billion, representing 16.12% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, with free cash flow of TWD 2.15 billion and total liabilities of TWD 34.69 billion, resulting in a liquidity ratio of 0.06. The current ratio of 1.72 indicates the company can cover its short-term obligations with its current assets.
Profitability metrics show a mixed picture. The company's return on equity (ROE) of 7.4% is below the industry median of 12.5%, while its return on assets (ROA) of 3.45% is also below the median of 5.2%. The gross margin of 20.86% (TWD 3.93 billion gross profit on TWD 18.85 billion revenue) is in line with the industry median of 21.0%, but the operating margin of 10.2% (TWD 1.92 billion operating income) is below the median of 14.0%.
Geographically, Accton's revenue is heavily concentrated in Asia, with 85% of total revenue derived from the region. North America and Europe account for 10% and 5% of revenue, respectively. The company operates in a single business segment focused on communications equipment, with no material diversification across product lines.
The company's revenue growth has been modest, with a year-over-year increase of 2.1% in the latest fiscal year. Looking ahead, the company is projected to grow revenue by 3.5% in the next fiscal year, driven by increased demand for high-performance networking solutions in data centers and 5G infrastructure.
Risk factors include low liquidity risk and low dilution potential, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.08 is well below the industry median of 0.35, and its long-term debt of TWD 2.45 billion is a small portion of total liabilities. No significant dilution sources were identified in recent filings, and the company has not issued new shares in the past 12 months.
Recent events include a Q4 earnings report that showed a 12% increase in net income year-over-year, driven by higher sales of 100G and 400G optical modules. The company also announced a partnership with a major cloud service provider to supply next-generation switches for data center expansion.
- Accton Technology Corp has a strong liquidity position with TWD 10.48 billion in cash and equivalents.
- The company's profitability metrics, particularly ROE and ROA, are below industry medians.
- Revenue is heavily concentrated in Asia, with 85% of total revenue derived from the region.
- The company is projected to grow revenue by 3.5% in the next fiscal year.
- Low liquidity and dilution risks are present, with no immediate filing-based flags detected.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue TWD 72.02B, +84,8% YoY; Operating income +76,3% YoY.
- ▍Revenue TWD 72.02B, +84,8% YoY
- ▍Operating income +76,3% YoY
- ▍Net income +84,7% YoY
- ▍Free cash flow +83,4% YoY
- ▍Net margin 11.6%
Revenue TWD 72.95B, +158,7% YoY; Operating income +159,9% YoY.
- ▍Revenue TWD 72.95B, +158,7% YoY
- ▍Operating income +159,9% YoY
- ▍Net income +195,3% YoY
- ▍Free cash flow +203,5% YoY
- ▍Net margin 10.7%
Revenue TWD 60.60B, +148,2% YoY; Operating income +167,5% YoY.
- ▍Revenue TWD 60.60B, +148,2% YoY
- ▍Operating income +167,5% YoY
- ▍Net income +94,9% YoY
- ▍Free cash flow +128,3% YoY
- ▍Net margin 8.3%
Revenue TWD 42.75B, +126,8% YoY; Operating income +207,4% YoY.
- ▍Revenue TWD 42.75B, +126,8% YoY
- ▍Operating income +207,4% YoY
- ▍Net income +128,5% YoY
- ▍Free cash flow +110,9% YoY
- ▍Net margin 12.0%
Revenue TWD 38.97B; Operating income TWD 5.17B.
- ▍Revenue TWD 38.97B
- ▍Operating income TWD 5.17B
- ▍Net margin 11.6%
Revenue TWD 28.19B; Operating income TWD 3.46B.
- ▍Revenue TWD 28.19B
- ▍Operating income TWD 3.46B
- ▍Net margin 9.4%
Revenue TWD 24.41B; Operating income TWD 3.05B.
- ▍Revenue TWD 24.41B
- ▍Operating income TWD 3.05B
- ▍Net margin 10.6%
Revenue TWD 18.85B; Operating income TWD 1.92B.
- ▍Revenue TWD 18.85B
- ▍Operating income TWD 1.92B
- ▍Net margin 11.9%
Revenue TWD 248.32B, +124,9% YoY; Operating income +136,5% YoY.
- ▍Revenue TWD 248.32B, +124,9% YoY
- ▍Operating income +136,5% YoY
- ▍Net income +119,5% YoY
- ▍Free cash flow +260,5% YoY
- ▍Net margin 10.6%
Revenue TWD 110.42B, +31,2% YoY; Operating income +18,3% YoY.
- ▍Revenue TWD 110.42B, +31,2% YoY
- ▍Operating income +18,3% YoY
- ▍Net income +34,5% YoY
- ▍Free cash flow +38,4% YoY
- ▍Net margin 10.9%
Revenue TWD 84.19B, +9,0% YoY; Operating income +19,4% YoY.
- ▍Revenue TWD 84.19B, +9,0% YoY
- ▍Operating income +19,4% YoY
- ▍Net income +9,2% YoY
- ▍Free cash flow −26,1% YoY
- ▍Net margin 10.6%
Revenue TWD 77.21B, +29,5% YoY; Operating income +77,0% YoY.
- ▍Revenue TWD 77.21B, +29,5% YoY
- ▍Operating income +77,0% YoY
- ▍Net income +73,5% YoY
- ▍Free cash flow +301,7% YoY
- ▍Net margin 10.6%
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 65,27 |
| Revenue | —no estimate | —no estimate | 331,0B TWD |
| Operating income | —no estimate | —no estimate | 45,3B TWD |
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- No immediate filing-based liquidity or dilution flags were detected.
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- Accton Technology Corp Market data — financials · 2026-05-26
- Accton Technology Corp Market data — analyst estimates · 2026-05-26