Tyntek Corporation (2426) AI Stock Analysis

Tyntek Corporation

(TWSE:2426)

Select Model

Rating:52Neutral

Price Target:TWD 69.00▼(-16.16% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak and inconsistent profitability, despite a strong balance sheet and improving cash flow. Technical momentum is weak, and the extremely high P/E ratio further limits the rating; the high dividend yield provides only partial support.

Positive Factors

De-levered balance sheetLower leverage reduces financial risk and interest-related pressure, giving Tyntek greater flexibility to fund operations and withstand weaker business conditions. The stronger equity position also provides a more durable foundation for investment or recovery if profitability improves.

Negative Factors

Softening and volatile revenueRecent revenue softness suggests demand and project activity have not yet settled into a dependable growth pattern. For an enterprise IT solutions provider, inconsistent top-line expansion can limit operating leverage, make resource planning harder, and delay a sustained recovery in earnings.

Tyntek Corporation (2426) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 24.68B
Dividend Yield: 0.12%
Average Volume (3M): 33.85M
Price to Earnings (P/E): 129.0
Beta (1Y): 1.29
Revenue Growth: 5.26%
EPS Growth: ―
Country: TW
Employees: 1,512
Sector: General
Sector Strength: 55
Industry: Semiconductors

Tyntek Corporation Business Overview & Revenue Model

Company Description

Tyntek Corporation, founded in 1987 and based in Chu-nan, Taiwan, specializes in the development and sale of diverse semiconductor components. The company's primary offerings include a wide range of LED chips, such as visible, ultra high-brightness (...

Tyntek Corporation Financial Statement Overview

Summary

Strong balance sheet and improving cash generation are offset by declining revenue, compressed margins, and continued operating and net losses.

Income Statement

35Negative

Balance Sheet

82Very Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.30B	2.34B	2.39B	2.27B	2.42B	3.16B
Gross Profit	376.10M	289.11M	318.42M	232.24M	386.60M	716.66M
EBITDA	324.83M	244.66M	388.82M	163.79M	102.59M	1.07B
Net Income	28.88M	-76.24M	62.89M	-131.95M	-184.42M	724.85M
Balance Sheet
Total Assets	4.74B	4.63B	4.96B	5.35B	5.43B	6.31B
Cash, Cash Equivalents and Short-Term Investments	1.24B	1.24B	1.31B	1.46B	1.56B	1.78B
Total Debt	207.79M	286.78M	456.34M	797.23M	783.87M	907.05M
Total Liabilities	908.98M	864.61M	1.10B	1.47B	1.43B	1.82B
Stockholders Equity	3.84B	3.77B	3.86B	3.84B	3.96B	4.46B
Cash Flow
Free Cash Flow	183.08M	136.86M	-32.23M	-191.62M	251.86M	-1.95M
Operating Cash Flow	303.03M	284.68M	163.24M	156.56M	630.11M	255.67M
Investing Cash Flow	-40.34M	-745.39M	-34.33M	-320.79M	-16.72M	1.10B
Financing Cash Flow	-238.46M	-211.22M	-221.47M	9.91M	-432.18M	-887.03M

Tyntek Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2426 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8086	63Neutral	TWD 19.63B	18.62	―	1.68%	38.98%	147.17%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2426	52Neutral	TWD 24.74B	129.00	―	0.12%	5.26%	―
TW:3362	40Underperform	TWD 18.28B	-71.46	―	0.80%	-2.57%	-1044.10%
TW:3707	38Underperform	TWD 24.11B	-51.01	―	―	22.70%	38.31%
TW:3149	28Underperform	TWD 17.75B	-29.62	―	―	7.57%	16.45%

* General Sector Average

Performance Comparison

TW:2426 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2426	Tyntek Corporation	82.30	66.17	410.23%
TW:3149	G-Tech Optoelectronics Corporation	62.00	26.59	75.11%
TW:3362	Ability Opto-Electronics Technology Co., Ltd.	124.00	24.41	24.50%
TW:3707	Episil Technologies Inc.	60.20	9.00	17.58%
TW:7917	Centera Photonics Inc	331.50	-78.50	-19.15%
TW:8086	Advanced Wireless Semiconductor Co.	99.90	-13.95	-12.26%

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

Tyntek Corporation AI Stock Analysis