Taiwan-based semiconductor facility engineering firm Trusval reported strong results for the first quarter of 2026, supported by continued growth in global AI computing demand, TSMC's accelerated expansion of 2nm process and advanced packaging capacity, and ongoing fab construction projects across the semiconductor, high-tech, and memory industries.
Trusval's consolidated revenue for the first four months of 2026 reached NT$2.02 billion (US$64 million), up 9.7% year on year.
First-quarter 2026 consolidated revenue rose 14% year on year to NT$1.54 billion, while operating profit increased 26% to NT$216 million. Net profit after tax climbed 16% to NT$179 million, with earnings per share reaching NT$3.63, up 9% from a year earlier.
The company said revenue and profit for the quarter both reached record highs for the same period, driven by three major growth engines: advanced process facility system construction, secondary distribution engineering services, and green manufacturing process solutions.
April revenue totaled NT$480 million, down 29.1% quarter on quarter and 2.1% year on year.
Overseas expansion gains momentum
Trusval said order visibility remains elevated, while ongoing improvements in project cost structure and construction efficiency have gradually strengthened profitability.
Gross margin, operating margin, and net margin for the first quarter of 2026 reached 24%, 14%, and 12%, respectively, all improving from the same period in 2025.
The company noted that demand for advanced semiconductor process equipment and facility engineering services continues to rise, with customer project schedules becoming increasingly compressed.
Alongside the global expansion of major semiconductor customers, Trusval has extended its business footprint and service operations into the US and Japanese markets, while continuing to strengthen project risk management and engineering quality control.
According to the company, its overseas strategy centers on "coexisting with customers," as semiconductor, high-tech, and memory industry clients increasingly diversify production capacity globally. The value of overseas orders on hand continues to rise.
Japan and US projects support growth
In Japan, Trusval has established a resident technical team in Kumamoto to support second-phase fab projects and future expansion plans for advanced process customers.
The company said it has integrated precision facility liquid supply systems with local supply chains, helping shorten the timeline between fab construction completion and equipment move-in. Japan currently represents Trusval's most stable overseas contribution region.
In the US market, Trusval said it has adopted a more flexible operational approach to address high labor costs and complex labor regulations.
In addition to dispatching core technical consultants from Taiwan, the company has been actively recruiting local engineering teams under a "Taiwan technology, US execution" model. The approach is intended to overcome regulatory hurdles related to utilities and gas pipeline construction while maintaining delivery quality standards for advanced process projects operating under tight timelines.
Trusval said overseas order releases are expected to provide additional growth momentum for overall operations.
Article translated by Levi Li and edited by Jerry Chen
