Pegatron reported a decline in revenue for May 2025, with figures falling below the NT$100 billion mark to NT$85.685 billion (approx. US$2.87 billion), marking a 16.71% drop from April and a 7.97% decline year-over-year due to the downturn primarily to lower shipments in the company's communication business, which includes iPhone assembly. Despite the setback, Pegatron's management expressed optimism for the second half of the year during its recent shareholders' meeting.
Total revenue for the January–May 2025 period reached NT$460.99 billion, up 6.42% compared to the same timeframe in 2024. Notably, notebook shipments showed a sequential improvement in May, climbing to between 750,000 and 800,000 units, up from 610,000 units in April. However, this growth was not enough to offset broader declines, as all three of Pegatron's core business segments saw revenue contractions compared to May 2024.
The company noted that the stronger-than-expected first-half performance was partially driven by customers front-loading orders ahead of anticipated tariff changes. With the tariff exemption set to expire in July, Pegatron remains cautious about the impact this could have on second-half demand.
Still, the company expects to benefit from typical seasonal strength later in the year as Apple prepares to release new iPhone models. Pegatron believes the launch cycle, combined with broader product updates across its main business lines, will help boost performance. The company also stated that, as of now, there have been no major order adjustments from clients.
To mitigate risks tied to potential tariff shifts and global economic uncertainties, Pegatron said it will continue to adopt a prudent operating strategy through the remainder of 2025.
Article edited by Jack Wu
