GMI Technology, Inc. (3312) AI Stock Analysis

GMI Technology, Inc.

(TWSE:3312)

Select Model

Rating:48Neutral

Price Target:TWD 40.00▼(-4.65% Downside)

Action:initiatedcoverage

Date:11/10/26

Weak cash generation and declining profitability are the primary constraints, reinforced by bearish technical momentum. Attractive valuation and dividend yield provide meaningful support but do not offset the financial and technical risks.

Positive Factors

Revenue ReboundThe sharp 2025 revenue rebound indicates a substantial recovery in customer demand across the company’s semiconductor and electronics supply-chain activities. If maintained, this larger revenue base can improve operating scale, strengthen customer relationships, and support renewed earnings growth over coming quarters.

Negative Factors

Weak Cash GenerationExtremely weak operating cash conversion and deeply negative free cash flow indicate that reported earnings are not translating into usable cash. If sustained, this can increase dependence on financing, restrict investment flexibility, and make the business more vulnerable to working-capital or capital-spending demands.

GMI Technology, Inc. (3312) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 7.58B
Dividend Yield: 3.10%
Average Volume (3M): 1.14M
Price to Earnings (P/E): 10.4
Beta (1Y): 1.23
Revenue Growth: 17.75%
EPS Growth: 197.11%
Country: TW
Employees: 219
Sector: General
Sector Strength: 55
Industry: Technology Distributors

GMI Technology, Inc. Business Overview & Revenue Model

Company Description

GMI Technology Inc. functions as a global supplier of electronic components and a developer of application-specific solutions. Its broad product catalog encompasses offerings for consumer electronics, home appliances, IT and networking infrastructure...

GMI Technology, Inc. Financial Statement Overview

Summary

Revenue growth is strong, but declining profitability, moderate leverage, lower ROE, and especially negative, volatile free cash flow materially weaken financial quality.

Income Statement

55Neutral

Balance Sheet

58Neutral

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.33B	21.02B	17.71B	15.28B	19.35B	18.85B
Gross Profit	1.15B	1.11B	945.88M	865.65M	1.05B	1.09B
EBITDA	712.07M	524.37M	568.80M	489.68M	673.05M	608.79M
Net Income	701.68M	288.60M	386.38M	322.38M	453.95M	445.51M
Balance Sheet
Total Assets	12.92B	11.20B	10.39B	6.76B	8.29B	7.31B
Cash, Cash Equivalents and Short-Term Investments	2.90B	2.84B	2.33B	1.72B	1.69B	1.66B
Total Debt	4.56B	3.97B	3.50B	1.77B	2.86B	2.19B
Total Liabilities	8.90B	7.03B	7.21B	4.05B	5.63B	5.41B
Stockholders Equity	4.02B	3.91B	3.09B	2.65B	2.66B	1.90B
Cash Flow
Free Cash Flow	431.32M	-982.16M	-1.04B	1.47B	-673.50M	-434.28M
Operating Cash Flow	469.86M	51.69M	18.89M	1.47B	-641.69M	-432.08M
Investing Cash Flow	-796.35M	-947.21M	-1.07B	-64.24M	-26.67M	-227.61M
Financing Cash Flow	1.32B	1.28B	1.66B	-1.36B	744.08M	858.33M

GMI Technology, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3312 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5403	77Outperform	TWD 6.87B	10.69	―	7.37%	2.60%	-2.42%
TW:6227	63Neutral	TWD 8.26B	8.47	―	4.11%	47.32%	96.76%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4973	54Neutral	TWD 7.64B	6.78	―	0.84%	54.23%	―
TW:2450	53Neutral	TWD 7.11B	15.22	―	5.60%	16.30%	14.23%
TW:3312	48Neutral	TWD 7.53B	10.42	―	3.10%	17.75%	197.11%

* General Sector Average

Performance Comparison

TW:3312 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3312	GMI Technology, Inc.	41.95	1.09	2.66%
TW:2450	Senao International Co. Ltd.	27.70	0.01	0.03%
TW:4925	JMicron Technology Corporation	101.50	66.97	193.91%
TW:4973	Silicon Power Computer & Communications Inc.	119.50	80.16	203.77%
TW:5403	Dimerco Data System Corporation	88.20	-22.16	-20.08%
TW:6227	Macnica Galaxy Inc.	109.50	22.92	26.47%

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

GMI Technology, Inc. AI Stock Analysis