Coretronic and Radiant Opto-Electronics recorded revenue increases in August compared to July, though their year-over-year performances show declines. Looking ahead to the third quarter of 2025, Coretronic anticipates growth in shipments of energy-saving products but expects imaging product shipments to fall. Radiant projects third-quarter revenue to remain flat relative to the second quarter, with weaker performance forecasted for the second half of the year.
Coretronic's mixed performance in imaging and energy-saving segments
Coretronic reported a consolidated revenue of approximately NT$3.342 billion (US$110.3 million) in August 2025, a 6% increase from July's NT$3.146 billion but an 8% decrease compared to August 2024's NT$3.627 billion. For the first eight months, revenue totaled NT$24.819 billion, a 6% drop from NT$26.347 billion in the same period of 2024.
In the imaging product segment, August revenue was approximately NT$618 million, with over 39,000 units shipped. This marks a 12% decrease in revenue and a 5% drop in shipments from July, with year-over-year reductions of 48% and 53%, respectively. Over the first eight months of the year, revenue totaled about NT$6.342 billion, and shipments exceeded 418,000 units, reflecting annual declines of 29% in revenue and 31% in shipments. These decreases were influenced by factors such as tariff parity and currency fluctuations. Despite this, Coretronic anticipates an increase in imaging product shipments in September compared to August.
In August, energy-saving products generated revenue of NT$1.874 billion, marking a 2% increase from July and remaining stable compared to the same month in 2024. Large-sized TV/PID display revenue saw a 25% month-over-month increase to NT$706 million, whereas monitor revenue dipped by 3% to NT$361 million. Notebook revenue dropped 20% to NT$486 million due to inventory and delivery adjustments, but tablet revenue rose by 49% to NT$134 million. Shipments for energy-saving products amounted to 2.648 million units in August, a 10% decline from July but a 5% increase year-over-year. Cumulative revenue hit NT$11.838 billion, with shipments reaching nearly 19.59 million units, reflecting respective declines of 5% and 3% from 2024.
Coretronic expects a strong third quarter, driven by end-of-quarter demand for monitors and notebooks. They anticipate total energy-saving product shipments will surpass August's figures, with new model mass production significantly boosting TV model shipments. Enhanced yield rates and capacity at Coretronic's Vietnam plant should see a 30-40% quarterly increase in monitor shipments. Notebook shipments are predicted to rise modestly from the second quarter. Overall, the company projects third-quarter energy-saving product shipments to be over 20% higher than the second quarter, and foresees full-year 2025 shipments increasing by more than 10% compared to 2024.
Coretronic's imaging segment is struggling due to high inventory levels in the US caused by tariff-driven rush orders, leading to order delays. Geopolitical tensions and inflation in Europe are also hindering market recovery. As a result, the company expects a 20% decline in imaging product shipments for the third quarter compared to the second and anticipates that 2025 shipment volumes will remain stable or slightly decrease compared to the previous year.
Radiant Opto-Electronics sees stable Q3 revenue but weaker the second half of the yearoutlook
Radiant Opto-Electronics reported consolidated revenue of NT$4.419 billion in August 2025, an increase of 6.3% from July but a 7.1% decrease year-over-year. Its cumulative revenue for the first eight months totaled NT$33.167 billion, up 2.8% from the same period in 2024.
The company noted an absence of clear seasonal patterns in 2025, anticipating that third-quarter revenue will be roughly flat compared to the second quarter, lacking the usual peak-season uplift. Radiant foresees the second half of 2025 to underperform relative to the first half, projecting a 55:45 revenue split. Overall, the company expects full-year 2025 revenue to decline by single-digit percentages.
The subdued seasonal outlook is mainly attributable to fewer new Apple product launches this year. Updates to key product lines such as the iPad, iPad Air, and MacBook are not expected to enter mass production until late 2025. In light of this situation, Radiant expects that first-quarter 2026 operations may outperform the typical seasonal slowdown, potentially stabilizing performance into the new year.
Article translated by Jingyue Hsiao and edited by Joseph Chen
