Silicon Integrated Systems Corp. (2363) AI Stock Analysis

Silicon Integrated Systems Corp.

(TWSE:2363)

Select Model

Rating:62Neutral

Price Target:TWD 44.00▼(-6.48% Downside)

Action:initiatedcoverage

Date:11/10/26

The company's exceptional financial stability and surging cash flows are overshadowed by extremely weak technical momentum and a lack of core operating profitability. The stock is under significant selling pressure despite a fundamentally sound balance sheet, resulting in a cautious overall score.

Positive Factors

Very low leverageExtremely low leverage gives SiS substantial financial flexibility during semiconductor cycles and reduces refinancing and interest-burden risk. Growing equity and assets further strengthen resilience, allowing the company to support operations and pursue opportunities without relying heavily on external debt.

Negative Factors

Uneven profitability qualityNegative TTM operating profitability alongside positive net income makes the earnings profile less consistent and raises questions about repeatability. Volatile margins can complicate planning and weaken confidence that current profitability will persist through changing product mix and semiconductor conditions.

Silicon Integrated Systems Corp. (2363) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 24.63B
Dividend Yield: 1.29%
Average Volume (3M): 5.88M
Price to Earnings (P/E): 27.3
Beta (1Y): 1.21
Revenue Growth: 78.08%
EPS Growth: 21.15%
Country: TW
Employees: 440
Sector: General
Sector Strength: 55
Industry: Semiconductors

Silicon Integrated Systems Corp. Business Overview & Revenue Model

Company Description

Silicon Integrated Systems Corp. (SIS), a global integrated circuit design firm established in Hsinchu City, Taiwan, in 1987, specializes in developing diverse semiconductor solutions. The company provides both multi-chip and single-chip offerings fo...

Silicon Integrated Systems Corp. Financial Statement Overview

Summary

Financial performance is strong, driven by a rock-solid balance sheet with negligible debt and a massive equity base. Cash flow has turned robustly positive, and revenue has surged. The main drag is weak operating profitability (negative EBITDA), which tempers the overall score.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.35B	2.82B	738.56M	187.18M	182.20M	252.15M
Gross Profit	1.17B	877.83M	256.86M	56.68M	4.64M	84.49M
EBITDA	-618.34M	419.00K	594.54M	641.03M	547.64M	215.50M
Net Income	881.93M	788.23M	498.58M	571.26M	483.66M	198.31M
Balance Sheet
Total Assets	49.68B	20.45B	14.75B	19.18B	15.50B	23.38B
Cash, Cash Equivalents and Short-Term Investments	3.20B	4.10B	2.12B	4.12B	1.49B	664.54M
Total Debt	488.80M	671.27M	14.30M	4.26M	7.98M	7.88M
Total Liabilities	2.79B	2.04B	574.05M	145.99M	109.81M	114.66M
Stockholders Equity	46.77B	18.30B	14.11B	18.99B	15.36B	23.24B
Cash Flow
Free Cash Flow	1.70B	1.39B	-519.65M	-301.28M	-446.59M	-376.65M
Operating Cash Flow	1.77B	1.41B	-501.28M	-282.11M	-432.44M	-356.58M
Investing Cash Flow	-1.44B	-718.69M	1.15B	3.30B	1.78B	668.21M
Financing Cash Flow	-335.04M	376.43M	-2.78B	-734.67M	-522.75M	-475.77M

Silicon Integrated Systems Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2363 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3227	77Outperform	TWD 26.57B	13.36	―	5.80%	4.58%	-1.46%
TW:3014	76Outperform	TWD 22.90B	12.64	―	6.44%	-1.73%	8.63%
TW:6719	69Neutral	TWD 17.52B	19.57	―	2.87%	-1.77%	94.13%
TW:2363	62Neutral	TWD 24.56B	27.32	―	1.29%	78.08%	21.15%
TW:4961	61Neutral	TWD 22.41B	20.30	―	4.30%	5.05%	-9.83%
TW:3592	58Neutral	TWD 16.15B	12.73	―	6.90%	5.82%	-15.25%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:2363 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2363	Silicon Integrated Systems Corp.	47.05	-2.56	-5.15%
TW:3014	ITE Tech, Inc.	132.00	15.81	13.61%
TW:3227	PixArt Imaging Inc.	172.50	-30.88	-15.18%
TW:3592	Raydium Semiconductor Corp.	211.50	1.01	0.48%
TW:4961	Fitipower Integrated Technology Inc.	179.50	43.67	32.15%
TW:6719	uPI Semiconductor Corp.	160.50	-29.90	-15.70%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Silicon Integrated Systems Corp. AI Stock Analysis