ADATA Technology Co., Ltd. (3260) AI Stock Analysis

ADATA Technology Co., Ltd.

(TPEx:3260)

Select Model

Rating:67Neutral

Price Target:TWD 325.00▲(6.73% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong profitability and highly attractive valuation are the primary strengths. However, weak free-cash-flow conversion, meaningful leverage, and bearish technical momentum limit the overall score.

Positive Factors

Profitability and Revenue GrowthThe latest results show meaningful improvement in both growth and profitability, with stronger revenue and broad margin expansion. If these gains persist, ADATA can generate more earnings from each dollar of sales, supporting reinvestment and strengthening its position across memory and storage markets.

Negative Factors

Weak Cash ConversionReported earnings are not translating into cash at the same pace, creating a material quality concern despite strong 2025 profitability. Weak conversion can restrict internally funded investment, increase dependence on financing, and make results more vulnerable when working-capital needs rise.

ADATA Technology Co., Ltd. (3260) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 101.67B
Dividend Yield: 11.50%
Average Volume (3M): 7.14M
Price to Earnings (P/E): 3.7
Beta (1Y): 0.93
Revenue Growth: 125.32%
EPS Growth: 984.80%
Country: TW
Employees: 1,535
Sector: General
Sector Strength: 55
Industry: Semiconductors

ADATA Technology Co., Ltd. Business Overview & Revenue Model

Company Description

ADATA Technology Co., Ltd. operates globally, focusing on the production and sale of both memory-related devices and biotechnology items. The company's extensive portfolio encompasses a broad range of computer memory solutions, including internal and...

ADATA Technology Co., Ltd. Financial Statement Overview

Summary

Strong revenue, margin, and net-income growth support the score, while leverage and sharply weaker free-cash-flow conversion materially reduce financial quality.

Income Statement

82Very Positive

Balance Sheet

62Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	94.61B	53.09B	40.18B	33.68B	34.93B	39.59B
Gross Profit	41.57B	14.76B	8.75B	5.66B	4.39B	5.77B
EBITDA	32.55B	9.75B	5.21B	2.23B	1.84B	3.79B
Net Income	25.82B	7.29B	2.71B	1.41B	829.58M	2.25B
Balance Sheet
Total Assets	110.66B	68.89B	49.68B	44.65B	35.93B	32.80B
Cash, Cash Equivalents and Short-Term Investments	7.53B	7.29B	4.96B	5.33B	6.53B	5.08B
Total Debt	45.32B	30.36B	26.02B	21.85B	17.90B	14.49B
Total Liabilities	69.61B	43.24B	31.88B	29.09B	23.30B	20.13B
Stockholders Equity	39.36B	23.14B	16.72B	14.55B	11.74B	11.92B
Cash Flow
Free Cash Flow	-8.18B	563.19M	-647.54M	-5.92B	938.17M	-2.49B
Operating Cash Flow	-6.17B	2.43B	796.94M	-5.23B	5.08B	-1.19B
Investing Cash Flow	-5.52B	-4.47B	-3.47B	-1.12B	-5.02B	-725.97M
Financing Cash Flow	12.93B	3.79B	2.88B	4.96B	1.67B	2.46B

ADATA Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3260 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2451	82Outperform	TWD 100.50B	4.03	―	5.06%	331.33%	997.91%
TW:3260	67Neutral	TWD 108.32B	3.69	―	11.50%	125.32%	984.80%
TW:5289	61Neutral	TWD 96.13B	5.29	―	1.72%	467.69%	1646.54%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2377	50Neutral	TWD 118.28B	12.14	―	3.00%	1.41%	111.21%
TW:2352	44Neutral	TWD 47.26B	30.20	―	10.69%	1.60%	19.60%

* General Sector Average

Performance Comparison

TW:3260 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3260	ADATA Technology Co., Ltd.	304.50	102.34	50.62%
TW:2352	Qisda Corporation	29.90	2.00	7.17%
TW:2377	Micro-Star International Co., Ltd.	140.00	33.15	31.03%
TW:2451	Transcend Information, Inc.	233.00	44.38	23.53%
TW:5289	Innodisk Corp.	978.00	470.97	92.89%
TW:7711	ASrock Rack, Inc.	528.00	152.22	40.51%

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

ADATA Technology Co., Ltd. AI Stock Analysis