VIA Technologies, Inc. (2388) AI Stock Analysis

VIA Technologies, Inc.

(TWSE:2388)

Select Model

Rating:54Neutral

Price Target:TWD 53.00▼(-6.53% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability and weak technical momentum, despite a strong, conservatively financed balance sheet, positive free cash flow, and a high dividend yield.

Positive Factors

Conservative Balance SheetLow leverage and a substantial equity base provide resilience through semiconductor cyclicality, preserving flexibility to fund operations and absorb demand swings. This durable support reduces debt-service pressure and gives management more room to sustain platform investment when industry conditions soften.

Negative Factors

Revenue ContractionA sharp year-over-year revenue decline signals weakened demand or reduced business activity after the prior year’s strength. If the contraction persists, it can reduce operating leverage, limit investment capacity, and make recovery in earnings dependent on renewed market or product growth.

VIA Technologies, Inc. (2388) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 31.24B
Dividend Yield: 0.09%
Average Volume (3M): 3.21M
Price to Earnings (P/E): 33.1
Beta (1Y): 1.08
Revenue Growth: -2.83%
EPS Growth: 4352.20%
Country: TW
Employees: 1,223
Sector: General
Sector Strength: 55
Industry: Semiconductors

VIA Technologies, Inc. Business Overview & Revenue Model

Company Description

VIA Technologies, Inc. specializes in designing and delivering integrated embedded platforms and system solutions across a diverse range of advanced technological domains. Their expertise extends to artificial intelligence (AI), the Internet of Thing...

VIA Technologies, Inc. Financial Statement Overview

Summary

Strong balance sheet and low leverage are offset by sharply declining revenue, weaker margins, negative EBIT, minimal net profitability, and volatile operating cash flow. Positive free cash flow provides some support.

Income Statement

32Negative

Balance Sheet

78Positive

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.98B	9.55B	15.91B	12.64B	9.30B	7.00B
Gross Profit	2.33B	2.15B	3.92B	3.20B	3.32B	2.52B
EBITDA	-1.06B	615.04M	2.09B	1.10B	907.60M	5.04B
Net Income	887.38M	69.07M	1.07B	410.60M	222.42M	3.96B
Balance Sheet
Total Assets	39.54B	35.94B	36.04B	23.47B	24.38B	21.90B
Cash, Cash Equivalents and Short-Term Investments	16.55B	16.35B	22.71B	11.88B	12.34B	12.56B
Total Debt	1.44B	1.29B	1.88B	2.41B	3.58B	3.48B
Total Liabilities	15.34B	13.15B	13.11B	8.76B	9.83B	7.75B
Stockholders Equity	22.22B	21.35B	21.50B	13.28B	13.00B	12.59B
Cash Flow
Free Cash Flow	2.13B	719.18M	5.53B	1.77B	250.10M	1.33B
Operating Cash Flow	2.70B	861.63M	5.81B	1.91B	494.53M	1.52B
Investing Cash Flow	-3.31B	-1.82B	-7.47B	-1.24B	660.06M	5.15B
Financing Cash Flow	-77.01M	-796.99M	5.89B	-1.60B	-594.07M	-332.19M

VIA Technologies, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2388 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3014	76Outperform	TWD 21.24B	12.31	―	6.64%	-1.73%	8.63%
TW:2458	68Neutral	TWD 33.35B	13.51	―	7.56%	-7.93%	7.33%
TW:2363	62Neutral	TWD 24.26B	27.35	―	1.29%	78.08%	21.15%
TW:4961	61Neutral	TWD 20.91B	19.80	―	4.44%	-10.15%	-36.28%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2388	54Neutral	TWD 31.52B	33.10	―	0.09%	-2.83%	4352.20%
TW:5351	35Underperform	TWD 30.17B	14.13	―	―	245.54%	―

* General Sector Average

Performance Comparison

TW:2388 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2388	VIA Technologies, Inc.	56.70	5.23	10.17%
TW:2363	Silicon Integrated Systems Corp.	47.10	-4.58	-8.87%
TW:2458	ELAN Microelectronics Corp.	117.00	-4.93	-4.04%
TW:3014	ITE Tech, Inc.	128.00	8.51	7.12%
TW:4961	Fitipower Integrated Technology Inc.	174.00	38.17	28.10%
TW:5351	Etron Technology, Inc.	91.80	44.15	92.65%

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 10, 2026

VIA Technologies, Inc. AI Stock Analysis