Airoha Technology Corp. (6526) AI Stock Analysis

Airoha Technology Corp.

(TWSE:6526)

Select Model

Rating:61Neutral

Price Target:TWD 658.00▼(-4.36% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 61 reflects a company with excellent financial fundamentals that is currently under significant technical pressure. The pristine balance sheet and solid cash flows are major strengths, but the stock's bearish momentum and high valuation are substantial drags. The primary risk is that the recent revenue stagnation and margin compression could persist, justifying the negative market sentiment.

Positive Factors

Fabless connectivity and audio focusA focused fabless model lets Airoha concentrate resources on connectivity and audio innovation while avoiding ownership of manufacturing facilities. Its SoC exposure to Bluetooth audio, TWS earbuds, and wireless headsets provides participation in established device categories and supports scalable product development.

Negative Factors

Choppy revenue growthThe alternating revenue declines and rebound indicate that demand remains cyclical and top-line momentum is not yet dependable. This volatility can make capacity planning, investment pacing, and earnings forecasting more difficult, even when the company maintains healthy margins and profitability.

Airoha Technology Corp. (6526) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 120.10B
Dividend Yield: 1.96%
Average Volume (3M): 1.19M
Price to Earnings (P/E): 35.9
Beta (1Y): 1.50
Revenue Growth: 9.57%
EPS Growth: 7.98%
Country: TW
Employees: 397
Sector: General
Sector Strength: 55
Industry: Semiconductors

Airoha Technology Corp. Business Overview & Revenue Model

Company Description

Airoha Technology Corp. is a Taiwanese enterprise that focuses on developing sophisticated system-on-chip (SoC) solutions for the wireless and high-speed networking industries. Their extensive product line features integrated circuits for Bluetooth w...

Airoha Technology Corp. Financial Statement Overview

Summary

Airoha's financial health is strong, anchored by a fortress-like balance sheet with virtually no debt and a rapidly growing equity base. Robust cash flow generation comfortably covers net income, providing ample capital. However, the score is tempered by recent top-line stagnation and operating margin compression, which weigh on an otherwise excellent profitability profile.

Income Statement

68Positive

Balance Sheet

85Very Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.93B	20.93B	19.12B	13.58B	18.78B	17.73B
Gross Profit	11.47B	10.87B	10.00B	6.32B	9.04B	8.53B
EBITDA	4.07B	4.10B	4.12B	1.99B	4.33B	4.28B
Net Income	3.00B	2.90B	2.69B	969.31M	2.89B	1.94B
Balance Sheet
Total Assets	30.72B	28.22B	27.11B	20.05B	17.07B	16.66B
Cash, Cash Equivalents and Short-Term Investments	13.58B	12.74B	12.09B	9.56B	5.12B	5.52B
Total Debt	191.14M	223.17M	241.44M	163.64M	3.79B	89.01M
Total Liabilities	9.53B	6.54B	6.15B	3.59B	8.40B	5.68B
Stockholders Equity	18.85B	19.35B	18.56B	16.46B	8.67B	10.39B
Cash Flow
Free Cash Flow	2.45B	3.02B	3.29B	1.86B	1.35B	1.58B
Operating Cash Flow	3.41B	4.11B	5.09B	3.85B	2.63B	1.99B
Investing Cash Flow	-1.35B	-1.29B	-1.53B	-1.35B	-1.76B	-287.71M
Financing Cash Flow	-2.16B	-2.16B	-800.65M	2.98B	-2.27B	-729.75M

Airoha Technology Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6526 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5269	81Outperform	TWD 88.62B	11.39	―	4.03%	5.31%	51.53%
TW:3006	77Outperform	TWD 66.85B	3.32	―	0.44%	272.74%	―
TW:6531	75Outperform	TWD 119.21B	33.43	―	1.03%	91.95%	230.68%
TW:6526	61Neutral	TWD 121.61B	35.85	―	1.96%	9.57%	7.98%
TW:6285	59Neutral	TWD 94.03B	15.42	―	2.29%	29.79%	88.44%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4919	38Underperform	TWD 48.41B	-29.29	―	0.37%	0.34%	-40.27%

* General Sector Average

Performance Comparison

TW:6526 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6526	Airoha Technology Corp.	688.00	240.97	53.91%
TW:3006	Elite Semiconductor Microelectronics Technology Inc.	225.50	132.54	142.57%
TW:4919	Nuvoton Technology Corporation	102.50	48.80	90.88%
TW:5269	Asmedia Technology Inc.	1125.00	-105.80	-8.60%
TW:6285	WNC Corporation	187.50	87.68	87.84%
TW:6531	AP Memory Technology Corp.	677.00	269.30	66.05%

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

Airoha Technology Corp. AI Stock Analysis