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Silicon Integrated Systems Corp. (2363) AI Stock Analysis

TW:2363

Silicon Integrated Systems Corp.

(TWSE:2363)

Select Model
Rating:60Neutral
Price Target:TWD 44.00â–¼(-7.76% Downside)
Action:initiatedcoverage
Date:11/10/26

The score is supported primarily by a strong, lightly leveraged balance sheet and improved recent cash generation. Weak operating profitability, historically volatile cash flow, bearish technical positioning, and a relatively demanding P/E ratio constrain the overall rating.

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)

-20%-10%0%10%20%30%40%50%60%TW:2363-1.49%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 24.63B
Dividend Yield
1.27%
Average Volume (3M)
5.91M
Price to Earnings (P/E)
27.7
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

Strong balance-sheet quality and recently positive cash generation support the score. Revenue and net income are growing, but negative EBIT and EBITDA margins, declining margins, and historically volatile cash flow limit the rating.

Income Statement

58Neutral

Balance Sheet

88Very Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue4.35B2.82B738.56M187.18M182.20M252.15M
Gross Profit1.17B877.83M256.86M56.68M4.64M84.49M
EBITDA-618.34M419.00K594.54M641.03M547.64M215.50M
Net Income881.93M788.23M498.58M571.26M483.66M198.31M
Balance Sheet
Total Assets49.68B20.45B14.75B19.18B15.50B23.38B
Cash, Cash Equivalents and Short-Term Investments3.20B4.10B2.12B4.12B1.49B664.54M
Total Debt488.80M671.27M14.30M4.26M7.98M7.88M
Total Liabilities2.79B2.04B574.05M145.99M109.81M114.66M
Stockholders Equity46.77B18.30B14.11B18.99B15.36B23.24B
Cash Flow
Free Cash Flow1.70B1.39B-519.65M-301.28M-446.59M-376.65M
Operating Cash Flow1.77B1.41B-501.28M-282.11M-432.44M-356.58M
Investing Cash Flow-1.44B-718.69M1.15B3.30B1.78B668.21M
Financing Cash Flow-335.04M376.43M-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
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3227TW:322777OutperformTWD 26.95B13.67―5.70%4.58%-1.46%
TW:3014TW:301476OutperformTWD 21.24B13.03―6.16%-1.73%8.63%
TW:6719TW:671969NeutralTWD 17.20B20.12―2.77%-1.77%94.13%
TW:4961TW:496161NeutralTWD 20.91B21.15―4.14%-10.15%-36.28%
TW:2363TW:236360NeutralTWD 24.26B27.70―1.27%78.08%21.15%
TW:3592TW:359258NeutralTWD 16.22B13.03―6.74%5.82%-15.25%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%20%40%60%TW:2363TW:3014TW:3227TW:3592TW:4961TW:6719Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:2363 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:2363Silicon Integrated Systems Corp.47.70-1.91-3.84%
TW:3014ITE Tech, Inc.138.0021.8118.77%
TW:3227PixArt Imaging Inc.175.50-27.88-13.71%
TW:3592Raydium Semiconductor Corp.216.506.012.86%
TW:4961Fitipower Integrated Technology Inc.186.5050.6737.30%
TW:6719uPI Semiconductor Corp.166.00-24.40-12.81%
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