Alpha Microelectronics Corp. (8024) AI Stock Analysis

Alpha Microelectronics Corp.

(TPEx:8024)

Select Model

Rating:45Neutral

Price Target:TWD 10.00▼(-6.10% Downside)

Action:initiatedcoverage

Date:11/09/26

Weak financial performance from revenue collapse and cash burn is the primary drag, along with bearish technical signals and poor valuation metrics.

Positive Factors

Debt-Free Balance SheetA debt-free balance sheet gives Alpha Microelectronics greater financial flexibility than a leveraged peer during a downturn. Lower refinancing and interest burdens can preserve liquidity, support continued investment in product development, and reduce solvency pressure while the company works to restore profitability.

Negative Factors

Revenue and Profitability DeteriorationThe combination of falling revenue, deep losses, and severe gross-margin compression indicates that recent operating economics have weakened materially. If this trajectory persists, reduced gross profit will limit reinvestment, impair earnings recovery, and make it harder to absorb ongoing operating costs.

Alpha Microelectronics Corp. (8024) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 480.95M
Dividend Yield: ―
Average Volume (3M): 52.67K
Price to Earnings (P/E): -5.7
Beta (1Y): 0.24
Revenue Growth: -11.40%
EPS Growth: 7.18%
Country: TW
Employees: 120
Sector: General
Sector Strength: 55
Industry: Semiconductors

Alpha Microelectronics Corp. Business Overview & Revenue Model

Company Description

Alpha Microelectronics Corporation specializes in the full lifecycle of integrated circuits (ICs), from initial research and development to their design, application, and commercialization. Its extensive product portfolio encompasses a range of speci...

Alpha Microelectronics Corp. Financial Statement Overview

Summary

Severe declines in revenue, gross margins, and widening net losses create major concerns, offset by a strong debt-free balance sheet that enhances financial stability.

Income Statement

18Very Negative

Balance Sheet

78Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	167.62M	153.78M	224.07M	239.12M	446.42M	536.32M
Gross Profit	37.84M	19.19M	69.66M	85.34M	225.79M	243.59M
EBITDA	-82.12M	-102.22M	-60.51M	-42.06M	66.74M	103.29M
Net Income	-85.92M	-115.36M	-51.99M	-38.88M	99.17M	75.74M
Balance Sheet
Total Assets	430.58M	458.26M	586.17M	641.03M	816.29M	772.45M
Cash, Cash Equivalents and Short-Term Investments	231.54M	256.08M	327.16M	396.70M	581.89M	480.45M
Total Debt	0	0	0	0	0	0
Total Liabilities	38.26M	34.09M	45.40M	55.14M	100.18M	98.22M
Stockholders Equity	392.32M	424.18M	540.78M	585.88M	716.11M	674.23M
Cash Flow
Free Cash Flow	-58.89M	-61.57M	-81.82M	-94.98M	121.49M	132.87M
Operating Cash Flow	-58.87M	-61.52M	-61.73M	-87.54M	130.35M	140.72M
Investing Cash Flow	83.30M	23.06M	-13.44M	-63.66M	161.74M	-49.55M
Financing Cash Flow	0	-1.13M	0	-90.32M	-63.22M	1.13M

Alpha Microelectronics Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8024 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6246	54Neutral	TWD 503.42M	67.75	―	―	-11.74%	―
TW:3150	51Neutral	TWD 633.25M	-31.90	―	3.65%	-9.79%	-169.85%
TW:8024	45Neutral	TWD 485.47M	-5.74	―	―	-11.40%	7.18%
TW:3288	41Neutral	TWD 310.40M	-59.62	―	―	-7.11%	-9835.48%
TW:5245	24Underperform	TWD 741.85M	-4.37	―	―	-19.50%	-4.71%

* General Sector Average

Performance Comparison

TW:8024 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8024	Alpha Microelectronics Corp.	10.65	-2.55	-19.32%
TW:3150	Syncomm Technology Corp.	13.70	-5.26	-27.74%
TW:3288	Silicon Touch Technology Inc.	18.05	1.95	12.11%
TW:5245	Wisechip Semiconductor Inc.	18.10	-4.00	-18.10%
TW:5248	Pixon Technologies Corporation	19.10	-3.95	-17.14%
TW:6246	Taiwan Thick-Film Ind. Corp.	13.55	-1.15	-7.82%

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

Alpha Microelectronics Corp. AI Stock Analysis