Win Semiconductors Corp. (3105) AI Stock Analysis

Win Semiconductors Corp.

(TPEx:3105)

Select Model

Rating:58Neutral

Price Target:TWD 422.00▼(-19.00% Downside)

Action:initiatedcoverage

Date:11/10/26

The company has a healthy but imperfect financial position, supported by improved profitability, lower leverage, and positive free cash flow. However, bearish technical trends and an elevated P/E ratio materially constrain the score.

Positive Factors

Profitability RecoveryThe sharp rebound in net margin shows that profitability has recovered meaningfully from the 2023 downcycle. If maintained, stronger earnings generation can support investment in compound-semiconductor capacity, improve resilience through industry cycles, and enhance the company’s ability to fund growth internally.

Negative Factors

Margins Below Prior PeaksAlthough margins have rebounded, profitability remains materially below the company’s prior-cycle highs, indicating that pricing power or capacity utilization has not fully recovered. This limits current earnings strength and leaves results more exposed to continued industry cyclicality if operating conditions weaken.

Win Semiconductors Corp. (3105) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 230.62B
Dividend Yield: 0.38%
Average Volume (3M): 27.21M
Price to Earnings (P/E): 65.2
Beta (1Y): 1.93
Revenue Growth: 31.84%
EPS Growth: 1329.89%
Country: TW
Employees: 3,349
Sector: General
Sector Strength: 55
Industry: Semiconductors

Win Semiconductors Corp. Business Overview & Revenue Model

Company Description

WIN Semiconductors Corp., established in 1999 and headquartered in Taoyuan City, Taiwan, is primarily engaged in the research, development, manufacturing, and global distribution of gallium arsenide (GaAs) wafers. The company serves markets across Ta...

Win Semiconductors Corp. Financial Statement Overview

Summary

Profitability recovered and the balance sheet strengthened through lower leverage and higher equity. Positive free cash flow supports financial health, but weaker cash-flow conversion, modest ROE, and results below historical revenue and margin peaks limit the score.

Income Statement

70Positive

Balance Sheet

78Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.13B	16.64B	17.46B	15.84B	18.33B	26.18B
Gross Profit	5.20B	4.03B	4.04B	3.47B	4.72B	9.76B
EBITDA	6.85B	6.06B	5.83B	4.69B	6.47B	10.88B
Net Income	3.61B	1.69B	768.13M	-79.66M	1.80B	5.45B
Balance Sheet
Total Assets	63.49B	60.73B	64.26B	69.17B	69.13B	74.89B
Cash, Cash Equivalents and Short-Term Investments	5.61B	7.39B	5.69B	10.47B	10.50B	16.39B
Total Debt	12.44B	12.78B	21.17B	28.75B	29.30B	30.44B
Total Liabilities	19.24B	18.74B	25.12B	33.82B	33.94B	37.77B
Stockholders Equity	43.81B	41.55B	38.12B	33.96B	33.33B	34.94B
Cash Flow
Free Cash Flow	179.06M	3.19B	3.62B	970.70M	-1.22B	-411.77M
Operating Cash Flow	2.51B	4.95B	4.90B	4.27B	5.97B	7.81B
Investing Cash Flow	4.53B	5.11B	-1.06B	-2.75B	-7.08B	-14.59B
Financing Cash Flow	-7.15B	-8.28B	-8.94B	-1.68B	-5.02B	14.83B

Win Semiconductors Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3105 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2455	62Neutral	TWD 69.09B	75.99	―	0.68%	34.47%	92.24%
TW:3081	62Neutral	TWD 214.99B	144.98	―	0.14%	134.16%	529.15%
TW:3105	58Neutral	TWD 204.76B	65.22	―	0.38%	31.84%	1329.89%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3374	55Neutral	TWD 115.19B	80.66	―	0.54%	16.99%	21.12%
TW:5483	42Neutral	TWD 102.92B	17.56	―	2.17%	2.81%	90.57%
TW:6770	37Underperform	TWD 278.96B	11.23	―	0.39%	42.62%	―

* General Sector Average

Performance Comparison

TW:3105 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3105	Win Semiconductors Corp.	521.00	401.50	335.99%
TW:2455	Visual Photonics Epitaxy Co., Ltd.	384.50	236.01	158.94%
TW:3081	LandMark Optoelectronics Corp.	2215.00	1820.16	460.99%
TW:3374	Xintec Inc.	466.50	330.63	243.34%
TW:5483	Sino-American Silicon Products Inc.	161.00	59.92	59.28%
TW:6770	Powerchip Semiconductor Manufacturing Corp.	58.50	24.46	71.87%

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

Win Semiconductors Corp. AI Stock Analysis