ARBOR Technology Corp. (3594) AI Stock Analysis

ARBOR Technology Corp.

(TPEx:3594)

Select Model

Rating:49Neutral

Price Target:TWD 38.00▼(-9.31% Downside)

Action:initiatedcoverage

Date:11/10/26

Weak cash generation and declining profitability are the largest concerns, reinforced by bearish technical momentum and relatively demanding valuation. Revenue growth, improved gross margin, and oversold technical readings provide limited offsets.

Positive Factors

Revenue ReboundThe sharp 2025 revenue rebound indicates that ARBOR can participate in recovering demand or large project activity across its markets. If this renewed volume persists, it can broaden customer engagement, improve operating leverage, and provide a stronger base for rebuilding profitability.

Negative Factors

Margin CompressionThe steep decline in net margin shows that revenue growth is not currently translating proportionately into earnings. Continued cost pressure, pricing pressure, or an unfavorable business mix could limit operating leverage, weaken returns, and make future profit recovery less dependable.

ARBOR Technology Corp. (3594) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.97B
Dividend Yield: 0.95%
Average Volume (3M): 500.60K
Price to Earnings (P/E): 33.1
Beta (1Y): 1.08
Revenue Growth: 30.92%
EPS Growth: 271.46%
Country: TW
Employees: 482
Sector: General
Sector Strength: 55
Industry: Computer Hardware

ARBOR Technology Corp. Business Overview & Revenue Model

Company Description

Established in 1993 and headquartered in New Taipei City, Taiwan, ARBOR Technology Corp. specializes in delivering industrial Internet of Things (IoT) computing and mobile solutions to a global market. Their extensive product line includes RISC compu...

ARBOR Technology Corp. Financial Statement Overview

Summary

Revenue and gross margin improved, and the company retains a solid equity base. However, profitability weakened, leverage increased, and negative operating and free cash flow represent significant risks.

Income Statement

55Neutral

Balance Sheet

62Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.38B	2.03B	1.57B	1.67B	1.80B	1.51B
Gross Profit	873.53M	808.57M	494.74M	545.81M	541.63M	412.05M
EBITDA	240.90M	189.04M	236.61M	225.19M	239.94M	94.72M
Net Income	121.67M	46.66M	128.71M	122.90M	132.39M	22.06M
Balance Sheet
Total Assets	5.54B	4.98B	4.49B	3.63B	3.68B	3.19B
Cash, Cash Equivalents and Short-Term Investments	864.01M	817.62M	672.70M	775.39M	837.17M	487.38M
Total Debt	2.05B	1.83B	1.41B	1.22B	1.23B	1.42B
Total Liabilities	2.90B	2.37B	1.97B	1.48B	1.59B	1.64B
Stockholders Equity	2.28B	2.24B	2.27B	2.14B	2.09B	1.54B
Cash Flow
Free Cash Flow	-193.75M	-166.90M	159.36M	312.61M	235.96M	-268.45M
Operating Cash Flow	-142.31M	-127.68M	172.63M	325.60M	251.45M	-218.18M
Investing Cash Flow	-233.49M	-148.53M	1.12M	-55.41M	-230.57M	-81.69M
Financing Cash Flow	376.05M	309.63M	-350.18M	-85.86M	162.76M	156.66M

ARBOR Technology Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3594 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3046	71Outperform	TWD 3.92B	10.16	―	5.96%	31.68%	27.27%
TW:3556	64Neutral	TWD 3.65B	14.40	―	3.15%	27.26%	133.00%
TW:6569	56Neutral	TWD 3.44B	18.64	―	3.77%	3.93%	28.67%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3594	49Neutral	TWD 3.85B	33.07	―	0.95%	30.92%	271.46%
TW:6928	47Neutral	TWD 3.53B	-33.77	―	1.22%	-18.84%	-271.24%

* General Sector Average

Performance Comparison

TW:3594 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3594	ARBOR Technology Corp.	41.90	1.37	3.38%
TW:3046	Aopen Incorporated	50.30	3.55	7.59%
TW:3556	eGalax_eMPIA Technology Inc.	61.90	23.95	63.09%
TW:6569	Onyx Healthcare, Inc.	79.60	-30.31	-27.58%
TW:6928	Ubiqconn Technology, Inc.	45.15	-6.25	-12.16%
TW:7821	Mitac Digital Technology Corporation	31.45	-25.82	-45.09%

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

ARBOR Technology Corp. AI Stock Analysis