Strong YoY growth and margin expansion are positive, but sequential declines and lack of guidance keep the stock range-bound. Monitor upcoming quarters for sustained revenue momentum and margin stability; the rights offering provides a cash cushion but dilutes existing holders.
Price Chart
Executive Summary
APWC reported Q1 2026 revenue of $130.8M (+30% YoY) and EPS of $0.05 (+171% YoY), driven by broad-based growth and favorable copper prices. Gross margin expanded to 8.2% from 3.6% a year ago, and the company completed a $34.1M rights offering, strengthening its balance sheet. However, sequential revenue declined 2% and EPS fell 71% from Q4 2025, and no forward guidance was provided, limiting the bullish read-through.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $130.8M, up 30% YoY but down 2% sequentially
- EPS $0.05, up 171% YoY but down 71% sequentially
- Gross margin 8.2% vs 3.6% a year ago, flat sequentially
- Completed rights offering raising $34.1M net proceeds; cash balance $73.2M
- Operating cash flow improved to +$1.6M from -$1.9M in prior quarter
- No guidance provided for future periods
Financial Impact
Revenue $130.8M, EPS $0.05, gross profit $10.7M, operating profit $3.3M, net income $1.4M
Risk Factors
- Sequential revenue and EPS declines suggest potential demand normalization
- Copper price volatility could impact margins and revenue
- No forward guidance limits visibility into future performance
- Dilution from rights offering may pressure EPS growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3295010 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | 6-K | $1.36 $1.29 | ▼ −5.15% | ▼ −7.87% | $1.22 (−10.29%) |
Sep 14, 2026 6w ago | Press Release | $1.36 $1.29 | ▼ −5.15% | ▼ −7.87% | $1.22 (−10.29%) |
Aug 14, 2026 10w ago | 6-K | $1.52 $1.31 | ▼ −13.82% | ▼ −11.82% | $1.22 (−19.74%) |
Aug 14, 2026 10w ago | Press Release | $1.52 $1.31 | ▲ +13.82% | ▲ +11.82% | $1.22 (+19.74%) |
May 14, 2026 23w ago | 6-K | $1.42 $1.37 | ▼ −3.52% | ▼ −2.66% | $1.22 (−14.08%) |
May 14, 2026 23w ago | Press Release | $1.42 $1.37 | ▼ −3.52% | ▼ −2.66% | $1.22 (−14.08%) |
May 1, 2026 25w ago | 6-K | $1.53 $1.45 | ▼ −5.36% | ▼ −10.64% | $1.22 (−20.26%) |
Apr 29, 2026 25w ago | 20-F | $1.57 $1.44 | ▼ −8.28% | ▼ −13.74% | $1.22 (−22.29%) |
Apr 29, 2026 25w ago | 6-K | $1.57 $1.44 | ▼ −8.28% | ▼ −13.74% | $1.22 (−22.29%) |
Apr 29, 2026 25w ago | Press Release | $1.57 $1.44 | ▼ −8.28% | ▼ −13.74% | $1.22 (−22.29%) |
US Market Status
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