Taiwan Memory Maker Macronix Reports Record Q3 Revenue as AI Data Center Demand Drives Gross Margin Above 70%
Macronix Electronics released its Q3 2026 financial report, showing record quarterly revenue and profit driven by strong AI data center demand for NOR Flash and NAND supply shortages, with gross margin reaching 70.5% and EPS at NT$5.52.
Taiwan-based memory manufacturer Macronix Electronics reported its third-quarter 2026 financial results on October 27, 2026. The company posted consolidated revenue of NT$24.237 billion for the quarter, representing a 27% increase from the previous quarter and a substantial 195% rise year-over-year. This performance marks the highest single-quarter revenue in the company's history.
Profitability saw a dramatic improvement, with operating gross margin surging to 70.5%, up from 64.4% in the previous quarter and 13.5% in the same period last year. Approximately NT$750 million of this margin boost was attributed to inventory write-back gains. Operating net margin reached 53.4%, while net income after tax hit NT$10.951 billion, a 1,370% year-over-year increase, resulting in basic earnings per share (EPS) of NT$5.52.
The primary drivers were strong demand for high-density NOR Flash in AI data centers and severe supply shortages in the SLC NAND and eMMC markets. In Q3, NAND Flash (including eMMC) accounted for 47% of total revenue, growing 768% year-over-year. NOR Flash contributed 46% of revenue, up 158% year-over-year, with computer and data center applications making up 47% of NOR Flash sales.
Macronix Chairman Wu Min-chiu stated that limited semiconductor capacity and the long lead time for new equipment investments mean short-term growth relies primarily on price increases and product mix optimization. He highlighted that beyond AI data centers, the rise of satellite and space communications is rapidly boosting demand for eMMC and Flash, positioning the company favorably in this emerging segment.