Analog Integrations Corporation (6291) AI Stock Analysis

Analog Integrations Corporation

(TPEx:6291)

Select Model

Rating:55Neutral

Price Target:TWD 283.00▼(-6.45% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is constrained by extremely weak technical momentum, with the stock in a clear downtrend and deeply oversold. Financial performance is a mixed bag: a strong balance sheet and recovering margins are offset by a severe deterioration in cash flow generation. Valuation is neutral, offering no compelling discount. The primary risk is the combination of poor cash conversion and negative market sentiment.

Positive Factors

Profitability and Revenue RecoveryThe return to revenue growth alongside strong gross and operating margins indicates meaningful earnings power in the company’s analog and mixed-signal portfolio. If these margins remain resilient through normal semiconductor cycles, profitability can support reinvestment and strengthen its position with electronics customers.

Negative Factors

Operating Cash Flow VolatilityThe sharp decline in operating cash flow and weaker conversion from profits create uncertainty around the timing and quality of internally generated funds. Even with positive free cash flow, recurring swings could constrain investment capacity and make the business less resilient during weaker semiconductor demand periods.

Analog Integrations Corporation (6291) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 8.72B
Dividend Yield: 1.98%
Average Volume (3M): 1.01M
Price to Earnings (P/E): 23.5
Beta (1Y): 1.25
Revenue Growth: 35.76%
EPS Growth: 169.17%
Country: TW
Employees: 216
Sector: General
Sector Strength: 55
Industry: Semiconductors

Analog Integrations Corporation Business Overview & Revenue Model

Company Description

Analog Integrations Corporation (AIC), established in H1992 and headquartered in Hsinchu, Taiwan, operates as a fabless semiconductor company. Its core business involves the design, development, testing, and global marketing of a diverse portfolio of...

Analog Integrations Corporation Financial Statement Overview

Summary

The company shows a strong operational rebound with expanding margins and a healthy, low-leverage balance sheet. However, a significant 55% drop in operating cash flow due to working capital build-up severely impacts cash earnings quality, creating a mixed financial profile.

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.53B	2.13B	1.82B	2.17B	1.42B	1.04B
Gross Profit	970.65M	744.09M	568.98M	795.05M	462.25M	276.62M
EBITDA	638.41M	437.23M	331.72M	609.74M	273.72M	127.57M
Net Income	486.62M	277.17M	257.53M	433.38M	180.44M	37.76M
Balance Sheet
Total Assets	2.40B	2.39B	2.16B	2.07B	1.46B	1.09B
Cash, Cash Equivalents and Short-Term Investments	474.45M	710.85M	692.40M	816.89M	648.24M	296.17M
Total Debt	321.46M	303.42M	318.01M	168.51M	74.29M	526.05M
Total Liabilities	880.44M	895.69M	694.10M	643.94M	402.16M	880.63M
Stockholders Equity	1.42B	1.40B	1.36B	1.43B	1.06B	204.57M
Cash Flow
Free Cash Flow	158.62M	180.49M	398.04M	201.84M	223.74M	-27.46M
Operating Cash Flow	175.65M	196.02M	435.57M	222.33M	235.42M	-22.45M
Investing Cash Flow	-17.32M	-19.70M	-24.03M	-25.35M	-97.35M	-65.81M
Financing Cash Flow	-291.63M	-137.44M	-641.10M	-19.71M	219.56M	59.28M

Analog Integrations Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6291 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8109	71Outperform	TWD 9.69B	14.68	―	3.69%	32.66%	44.87%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6291	55Neutral	TWD 8.93B	23.52	―	1.98%	35.76%	169.17%
TW:3312	48Neutral	TWD 7.43B	10.17	―	3.19%	17.75%	197.11%
TW:3228	44Neutral	TWD 8.34B	-63.12	―	―	4.58%	9.27%

* General Sector Average

Performance Comparison

TW:6291 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6291	Analog Integrations Corporation	302.50	158.56	110.15%
TW:3228	RDC Semiconductor Co. Ltd.	127.50	-9.50	-6.93%
TW:3312	GMI Technology, Inc.	40.80	2.47	6.45%
TW:4925	JMicron Technology Corporation	98.00	63.19	181.56%
TW:6907	Artery Technology Corporation	126.00	77.34	158.96%
TW:8109	P-DUKE Technology Co. Ltd	122.00	29.13	31.37%

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

Analog Integrations Corporation AI Stock Analysis