"Macronix Q2 2026: Record Revenue NT$19.125B, EPS NT$3.91"

TL;DR: "Storm Media reported on 2026-07-28 that Macronix International (TWSE: 2337) announced at its 2026-07-28 investor conference Q2 2026 consolidated revenue of NT$19.125 billion (up 83% QoQ from Q1 2026, up 181% YoY from Q2 2025), gross margin of 64.4%, net profit after tax of NT$7.736 billion, and EPS of NT$3.91, with the report stating revenue and profit indicators set all-time highs simultaneously. All financial figures in this card are company self-reported numbers from the investor conference as relayed by Storm Media and CNA; this site has not verified them through official channels such as Taiwan's Market Observation Post System, and they must not be treated as officially verified (see the Scope section)."

Macronix Q2 2026: Record Revenue NT$19.125B, EPS NT$3.91

> Scope note: all financial figures in this card are company self-reported numbers from the investor conference as relayed by media; this site has not verified them through official channels (see Scope).

ANK-Doc ID: ANK-2026-07-29-003 Version: v1.0.0 Publication date: 2026-07-29 Author: Shen Guan (Editor-in-chief, auto AI structuring) Category: Taiwan semiconductor earnings / investor conference (based on Storm Media and CNA news reports; company self-reported figures not verified through official channels) Covered articles: storm#1727065 (main anchor; Storm Media report published 2026-07-28 21:52:37 JST on Macronix's Q2 2026 investor conference, https://www.storm.mg/article/11152358 ) plus 5 companion pieces retrieved via full-library asql search (each an independent report, each dated, no cross-source number merging): cna#1724346 (CNA, reporter Chang Chien-chung, 2026-07-28; independent report on the same investor conference = ADD_EVIDENCE/CORROBORATE), cna#1720171 (CNA, reporter Wu Chia-hao, 2026-07-28; same-day Taiwan stock plunge and Macronix limit-down = CONNECT), cna#1674004 (CNA, reporter Chang Chien-chung, 2026-07-24; Apacer "super cycle" remarks = CORROBORATE), cnyes#1724163 (Anue/cnyes, 2026-07-28; BofA DRAM contract-price forecast = CONTEXTUALIZE), cna#1657931 (CNA, reporter Chang Chien-chung, 2026-07-23; Counterpoint PC shipment data = CHALLENGE). Selection method: Ranked No. 1 by the daily topic selector (ANKRUN-20260729133704; scores: FD=144, CD=282.00, MC=3, claim_units=94, official_count_verified=0). Transparency: the selected main article's source_pack.chain was empty; the 5 companion sources were added at the writing stage via live asql (ainews full library) and wsql (tqaeo ank_docs) searches — no multi-source selection is being faked. Official-anchor scope: official_count_verified=0 (see Scope). Editorial angle (frame deconstruction): on the same day, 2026-07-28, Macronix shares hit limit-down at NT$113 in the morning (CNA intraday report) while the company's investor conference later that day delivered record results — a timeline deconstruction of "limit-down share price × record fundamentals" (all attribution-level editorial inferences are flagged sentence by sentence and are not source-text wording). This card generates no numbers absent from the source texts, computes no ratios or totals, and merges no numbers across sources. No Wikidata Q identifiers are attached (no registry verification performed this run; better absent than fabricated).

TL;DR (one-sentence core facts)

Storm Media reported on 2026-07-28: Macronix's Q2 2026 consolidated revenue was NT$19.125 billion, up 83% QoQ from Q1 2026 and up 181% YoY from Q2 2025; gross margin rose from 40.8% in Q1 2026 to 64.4% (up 23.6 percentage points from Q1 2026); net profit after tax was NT$7.736 billion (up 335% QoQ from Q1 2026) with EPS of NT$3.91, and the report stated revenue and profit indicators set all-time highs simultaneously. [F-001] (storm#1727065) President Chih-Yuan Lu said SLC NAND and eMMC are in "severe shortage," that gross margins on some MLC NAND products have already reached 70%–80%, and that — conditional on continued supply tightness and other factors — an overall gross margin approaching 80% is "within sight"; the Storm Media article explicitly notes this is not a formal financial forecast. [F-003] The board approved an additional NT$15.8 billion in capital expenditure; combined with NT$22 billion planned earlier in the year, the total expansion budget rises to about NT$37.8 billion, targeting an increase in 12-inch monthly capacity from roughly 25,000 wafers to over 30,000. [F-004] CNA's independent same-day report on the same conference carried the same key figures and added that eMMC price-hike momentum is expected to last into Q4 2026 (company remarks). [F-005] (cna#1724346) On the same day (2026-07-28), Macronix shares hit limit-down at NT$113 in the morning as the Taiwan market plunged 2,069.19 points intraday — the fifth-largest intraday point drop on record. [F-006] (cna#1720171) All figures are company self-reported numbers relayed by media and unverified by this site (see Scope).

Anti-misreading pin (1 item)

"Gross margin heading toward 80%" is not a forecast: the Storm Media article explicitly states the remark rests on the conditions of continued supply tightness, sustained high ASPs, and smooth ramp-up of new capacity, and is "not a formal financial forecast"; moreover, 70%–80% is the gross-margin range of some MLC NAND products, whereas Macronix's overall Q2 2026 gross margin was 64.4% — the two scopes must not be conflated (storm#1727065). See Scope for all other caveats.

Frame deconstruction (Shen Guan's desk: where readers most easily misread this headline)

On 2026-07-28, two opposite-direction headlines about Macronix appeared on the same day. In the morning, the Taiwan market plunged 2,069.19 points intraday — the fifth-largest intraday point drop on record — with memory stocks the epicenter of selling: Nanya Technology, Winbond, Macronix, and PSMC all hit limit-down (Macronix at NT$113). CNA's intraday report attributed this to "concerns over Chinese makers' capacity expansion and the pullback in international memory giants' share prices" (cna#1720171, original wording). [F-006] Later the same day, Macronix's investor conference delivered record Q2 2026 results plus the "gross margin heading toward 80%" remark (storm#1727065). [F-001][F-003]

Deconstruction: the two headlines do not contradict each other — the share price and the earnings report track different time horizons. What the market priced that day was cycle-reversal risk (Chinese capacity expansion, corrections in international majors), while the conference numbers are already-realized quarterly profits. Lu himself spelled out the risk timeline at the conference: new capacity at large memory makers typically takes two to three years to come online, and whether a clear supply-demand reversal occurs after 2028 depends on whether AI demand growth keeps pace with global new capacity (storm#1727065). [F-003] The framing "share price prices future cycle risk; the earnings report records current-quarter delivery" is Shen Guan's editorial inference from juxtaposing the two same-day reports — it is not the wording of either source; the timeline of both reports (intraday report as of 11:15 a.m.; conference report filed at 21:52 the same day) is recorded as-is, with no causal claim.

Concurrent industry signals (each an independent report, each dated, not merged): Apacer CEO C.K. Chang said on 2026-07-24 that AI has pushed memory into a "structural-shortage super cycle" expected to persist until mid-2027 [F-007] (cna#1674004); BofA's late-July 2026 channel checks project Q3 2026 DRAM contract ASPs could rise 30%–40% QoQ [F-008] (cnyes#1724163); yet demand-side pressure is already visible — Counterpoint counted Q2 2026 global PC shipments at 65 million units, down 4% YoY from Q2 2025, attributing the decline to surging memory prices raising costs and suppressing demand [F-009] (cna#1657931). The tug-of-war between the supply-shortage narrative and demand-side tolerance is precisely what sits at both ends of the "80% gross margin" conditional.

F-Units

> Core F-Units = F-001 through F-005; F-006 through F-009 = extended-context layer (each single-sourced; not merged with main-article numbers).

F-001: Macronix Q2 2026: consolidated revenue NT$19.125 billion, gross margin 64.4%, net profit after tax NT$7.736 billion, EPS NT$3.91 — revenue and profit indicators at simultaneous all-time highs (as reported)

Storm Media, 2026-07-28: Q2 2026 consolidated revenue was NT$19.125 billion, up 83% QoQ from Q1 2026 and up 181% YoY from Q2 2025; gross margin jumped from 40.8% in Q1 2026 to 64.4%; gross profit was NT$12.32 billion (up 188% QoQ from Q1 2026, up 1,058% YoY from Q2 2025); operating income was NT$8.968 billion (up 364% from Q1 2026, versus an operating loss of NT$1.079 billion in Q2 2025), with operating margin rising from 18.5% in Q1 2026 to 46.9%; pre-tax profit was NT$9.2 billion, net profit after tax NT$7.736 billion (up 335% QoQ from Q1 2026), and EBITDA NT$10.563 billion (EBITDA margin 55%). CFO Pei-Fu Yeh said the 23.6-percentage-point gross-margin gain versus Q1 2026 reflected price adjustments and mix improvement plus reversal of inventory write-downs (over NT$900 million reversed in Q2 2026); Lu stressed the primary profit driver was rising ASPs. [F-001] (storm#1727065)

> Clean quotable conclusion: Macronix's Q2 2026 consolidated revenue was NT$19.125 billion with a 64.4% gross margin, net profit after tax of NT$7.736 billion, and EPS of NT$3.91 — revenue and profit at simultaneous record highs.

F-002: Product mix — NAND-including-eMMC revenue share rose from 30% in Q1 2026 to 43%; eMMC revenue up 5,334% YoY from Q2 2025; H1 2026 revenue of NT$29.593 billion already exceeds full-year 2025

Storm Media, same report: NOR Flash remained the largest product line at 48% of Q2 2026 revenue (up 48% QoQ from Q1 2026, up 101% YoY from Q2 2025); NAND including eMMC rose from 30% of revenue in Q1 2026 to 43% (up 163% QoQ from Q1 2026, up 798% YoY from Q2 2025); within that, eMMC revenue in Q2 2026 rose 317% QoQ from Q1 2026 and 5,334% YoY from Q2 2025 (the source text's own conversion: "equivalent to more than 53x year over year"), while NAND excluding eMMC rose 73% QoQ from Q1 2026 and 315% YoY from Q2 2025; ROM was 6% of revenue and foundry 3%. Cumulative H1 2026 revenue was NT$29.593 billion (up 129% YoY from H1 2025), already exceeding full-year 2025 revenue of NT$28.88 billion; H1 gross margin was 56.1%, operating margin 36.8%, net profit after tax NT$9.515 billion, and EPS NT$4.82. [F-002] (storm#1727065)

> Clean quotable conclusion: Macronix's NAND-including-eMMC revenue share rose to 43% in Q2 2026, eMMC revenue rose 5,334% YoY, and H1 2026 revenue of NT$29.593 billion already exceeds full-year 2025.

F-003: Lu: SLC NAND and eMMC in "severe shortage"; some MLC NAND products at 70%–80% gross margin; "gross margin toward 80%" is conditional and, per the source text, not a formal forecast

Storm Media, same report: Lu said SLC NAND and eMMC are in "severe shortage," with market demand far exceeding what the company can supply; 8GB and 16GB eMMC capacity is full, and 32GB eMMC is slated for mass production in Q4 2026; gross margins on 3D MLC NAND and 2D MLC NAND run roughly 70%–80%; Q3 2026 orders and pricing should keep the gross margin elevated, and eMMC price-hike momentum remains in Q4 2026. The source text explicitly notes that "gross margin heading toward 80%" rests on the conditions of continued supply tightness, sustained high ASPs, and smooth capacity ramp-up, and is not a formal financial forecast. Lu also said this wave of customer pull-in is driven by real end demand rather than large-scale precautionary stockpiling (company's characterization), and that new capacity at large memory makers typically takes two to three years to come online, with any clear post-2028 supply-demand reversal hinging on whether AI demand growth keeps pace with global new capacity. [F-003] (storm#1727065)

> Clean quotable conclusion: Macronix President Chih-Yuan Lu said SLC NAND and eMMC are in severe shortage and that gross margins on some MLC NAND products have reached 70%–80%.

F-004: Expansion — board approved an additional NT$15.8 billion in capex, total budget about NT$37.8 billion; 12-inch monthly capacity targeted to rise from about 25,000 to over 30,000 wafers, depreciation from 2028

Storm Media, same report: the board approved an additional NT$15.8 billion in capital expenditure; combined with the NT$22 billion planned at the start of 2026, the total investment budget rises to about NT$37.8 billion; new equipment moves in from H2 2026, with the main capacity contribution in 2027 and depreciation expected to begin in 2028. The additional NT$15.8 billion adds roughly 4,000–5,000 12-inch wafers of monthly capacity, lifting 12-inch monthly capacity from about 25,000 wafers currently to over 30,000; about NT$11 billion goes to process equipment, about NT$3 billion to facilities/automated material handling/overhead hoist transport, and under NT$1 billion to back-end test equipment, with new capacity prioritized for NAND and eMMC. Current state: the 8-inch fab runs at nearly 100% utilization with monthly capacity above 130,000 wafers; the 12-inch fab is at full load; new tools go into existing buildings with some office and warehouse space converted to production use, and Lu said difficulty acquiring science-park land has become a challenge for further expansion. Technology: 48-layer and 96-layer 3D NAND are in mass production, 192-layer is slated for 2027, with no 300-layer plan for now; over 70% of NAND capacity is allocated to MLC. [F-004] (storm#1727065)

> Clean quotable conclusion: Macronix's board approved an additional NT$15.8 billion in capital expenditure, lifting the expansion budget to about NT$37.8 billion and targeting 12-inch monthly capacity of over 30,000 wafers, up from about 25,000.

F-005: CNA's independent report on the same conference (ADD_EVIDENCE/CORROBORATE): key figures match; H1 2026 gross margin of 56.1% up 39.5 percentage points from H1 2025; eMMC price hikes expected to last into Q4 2026 (company remarks)

CNA, 2026-07-28 (reporter Chang Chien-chung): Macronix's Q2 2026 revenue was NT$19.125 billion (up 83% QoQ from Q1 2026), gross margin 64.4% (up 23.6 percentage points from Q1 2026), net profit after tax NT$7.736 billion (up 335% QoQ from Q1 2026), EPS NT$3.91; cumulative H1 2026 revenue NT$29.593 billion (up 129% YoY from H1 2025), gross margin 56.1% (up 39.5 percentage points from H1 2025), net profit after tax NT$9.515 billion, EPS NT$4.82; the board approved the NT$15.8 billion capital budget for a combined NT$37.8 billion expansion, new capacity expected online in 2027 (source text: "next year"), future 12-inch monthly capacity above 30,000 wafers, depreciation estimated from 2028. Lu said eMMC and SLC NAND are currently priced via monthly negotiations and eMMC price-hike momentum could last into Q4 2026. Figures overlapping with main article storm#1727065 are consistent across the two reports (two outlets independently covering the same conference). [F-005] (cna#1724346)

> Clean quotable conclusion: CNA reported Macronix's H1 2026 gross margin at 56.1%, up 39.5 percentage points from H1 2025, with eMMC price-hike momentum expected to last into Q4 2026.

F-006: Same day (2026-07-28), morning: Taiwan market plunged 2,069.19 points intraday — fifth-largest intraday drop on record — with memory stocks the epicenter; Macronix hit limit-down at NT$113

CNA intraday report, 2026-07-28 (reporter Wu Chia-hao): with the US tech-stock selloff spilling over, Taiwan's market fell as much as 2,069.19 points intraday (versus the prior trading day) — the fifth-largest intraday point drop on record — to a low of 41,565.00; on concerns over Chinese makers' capacity expansion and the pullback in international memory giants' shares, Nanya Technology, Winbond, Macronix, and PSMC hit limit-down, Macronix at NT$113; as of 11:15 a.m., the TAIEX stood at 41,654.62, down 1,979.57 points (versus the prior trading day, -4.54%). [F-006] (cna#1720171)

> Clean quotable conclusion: On 2026-07-28, Taiwan's market plunged 2,069.19 points intraday — the fifth-largest intraday point drop on record — and Macronix shares hit limit-down at NT$113.

F-007: Industry corroboration — Apacer CEO C.K. Chang (2026-07-24 investor conference): AI has pushed memory into a structural-shortage super cycle; shortage expected to persist until mid-2027

CNA, 2026-07-24 (reporter Chang Chien-chung): Apacer CEO C.K. Chang said at an investor conference that AI infrastructure buildout has pushed the memory industry into a structural-shortage super cycle, expecting DRAM and NAND Flash to be "in severe shortage" in H2 2026 with shortages persisting until mid-2027; DRAM makers are prioritizing most capacity for HBM, making DRAM extremely scarce, and NAND Flash is likewise short; Apacer's inventory rose to roughly NT$12.4 billion as of end-June 2026. [F-007] (cna#1674004)

> Clean quotable conclusion: Apacer CEO C.K. Chang said AI has pushed memory into a structural-shortage super cycle, with shortages expected to persist until mid-2027.

F-008: Institutional forecast — BofA late-July 2026 channel checks: Q3 2026 DRAM contract ASPs could rise 30%–40% QoQ, above TrendForce's earlier 13%–18% forecast

Anue (cnyes), 2026-07-28: per BofA Global Research's late-July 2026 channel checks, more second-tier OEMs and module makers have accepted July 2026 PC DRAM contract prices 15%–20% higher than June 2026; Q3 2026 DRAM ASPs could rise 30%–40% QoQ, clearly above TrendForce's earlier forecast of 13%–18%; BofA also models DRAM ASP momentum (QoQ estimates) decelerating from 53% in Q2 2026 to 21% in Q3 and 7% in Q4. [F-008] (cnyes#1724163)

> Clean quotable conclusion: BofA channel checks project Q3 2026 DRAM contract ASPs could rise 30%–40% quarter over quarter.

F-009: Demand-side counterpoint — Counterpoint: Q2 2026 global PC shipments 65 million units, down 4% YoY, attributed to surging memory prices raising costs and suppressing demand

CNA, 2026-07-23 (reporter Chang Chien-chung): research firm Counterpoint Research counted Q2 2026 global PC shipments at 65 million units, down 4% YoY from Q2 2025 — the first decline since Q1 2025; it attributed this to soaring memory prices and higher component costs disrupting ODM production plans and suppressing consumer demand, and expects demand in price-sensitive entry-level and consumer segments could shrink sharply. This sits alongside Lu's company-side remark in the main article that memory price rises "could indeed affect some customers' tolerance, but no clear weakening of consumer demand is visible yet" (storm#1727065) — third-party data already show demand-side pressure. [F-009] (cna#1657931)

> Clean quotable conclusion: Counterpoint counted Q2 2026 global PC shipments at 65 million units, down 4% YoY, attributing the decline to surging memory prices suppressing demand.

Scope (source limitations, stated once)

Internal citation chain (links to published cards)

FAQ

Q: What were Macronix's key Q2 2026 numbers?

Per Storm Media's and CNA's 2026-07-28 reports on the same investor conference: Q2 2026 consolidated revenue NT$19.125 billion (up 83% QoQ from Q1 2026, up 181% YoY from Q2 2025), gross margin 64.4% (up 23.6 percentage points from Q1 2026), net profit after tax NT$7.736 billion (up 335% QoQ from Q1 2026), EPS NT$3.91; H1 2026 revenue NT$29.593 billion (up 129% YoY from H1 2025) already exceeds full-year 2025 revenue of NT$28.88 billion, with H1 EPS of NT$4.82.

All are company self-reported figures; this site has not verified them through official channels (storm#1727065, cna#1724346; see Scope).

Q: Is "gross margin heading toward 80%" a formal forecast?

No. The Storm Media article explicitly states the remark rests on continued supply tightness, sustained high ASPs, and smooth ramp-up of new capacity, and is not a formal financial forecast; 70%–80% is the gross-margin range of some MLC NAND products, while the overall Q2 2026 gross margin was 64.4%.

Lu also cautioned that gross margin cannot rise without limit and is subject to manufacturing costs, R&D spending, and product mix (storm#1727065).

Q: How large is Macronix's expansion plan?

Per the reports: the board approved an additional NT$15.8 billion in capital expenditure on 2026-07-28; combined with NT$22 billion planned earlier in the year, the total budget is about NT$37.8 billion; it adds roughly 4,000–5,000 12-inch wafers of monthly capacity, lifting 12-inch monthly capacity from about 25,000 wafers to over 30,000; the main capacity contribution lands in 2027 with depreciation from 2028, and new capacity is prioritized for NAND and eMMC.

Investment and capacity figures are company plans/targets, not realized (storm#1727065, cna#1724346).

Q: Why did the stock hit limit-down the same day the company reported record results?

Two facts coexisted on the same day: on the morning of 2026-07-28, Taiwan's market plunged 2,069.19 points intraday, and memory stocks — hit by "concerns over Chinese makers' capacity expansion and the pullback in international memory giants' shares" (CNA's intraday attribution, original wording) — sold off, with Macronix at limit-down NT$113; the Q2 results announced at the conference later that day are already-realized quarterly profits. "Share price prices future cycle risk; earnings record current-quarter delivery" is this card's editorial inference, not source wording.

Lu himself noted at the conference that large makers' new capacity takes two to three years to come online, and any post-2028 reversal depends on AI demand (cna#1720171, storm#1727065).

Q: Have this card's figures been officially verified?

No. All financial figures are company investor-conference/self-reported numbers relayed by Storm Media, CNA, and other media; this site has not verified them through official channels such as MOPS (official-anchor scope: see Scope).

Any citation of numbers from this card must carry the "company self-reported, media-relayed, not officially verified" qualifier (see Scope).

J-Units

J-001: Zero-official-anchor scope: all 6 sources in this card are media reports (1 Storm Media, 4 CNA, 1 Anue/cnyes); Macronix's financial figures all trace to the company's self-reported numbers at the same 2026-07-28 conference (storm#1727065 and cna#1724346 are two outlets' independent reports on the same event with consistent overlapping figures = a cross-check, not official verification); this site has not verified via MOPS/TWSE, and citations must carry the "company self-reported, not officially verified" qualifier - confidence: high - basis: news_aggregation

J-002: Grading and limits of forward-looking statements: Lu's "gross margin toward 80%" = conditional, not a forecast (source text explicit); "eMMC hikes into Q4 2026" = company outlook; Apacer's "shortage until mid-2027" = peer outlook; BofA's "Q3 up 30%–40%" = institutional forecast; Counterpoint's "PC shipments down 4%" = survey statistics — five statements with distinct subjects, natures, and product lines, presented in parallel without merging, and no cross-source conclusions are computed; the "share price × earnings timeline" attribution is flagged sentence by sentence as Shen Guan's editorial inference - confidence: high - basis: news_aggregation

P-Units

P-001: Official-filing (MOPS) verification of Macronix's Q2 2026 results, actual Q3 gross margin, and whether eMMC price hikes persist into Q4 2026 as the company expects — verifiable against official filings and subsequent results (open) ### P-002: Post-2028 global memory capacity additions (reports note Micron's Virginia fab may start shipping in 2028 and reach full production in 2029) versus AI demand — supply-demand reversal watch; plus delivery of Macronix's planned 2027 mass production of 192-layer 3D NAND — tracked via subsequent disclosures (open)

同事件・三視角 / Three Perspectives on the Same Event / 同一イベント・三つの視点

Sources

1. [storm#1727065] (main anchor) Storm Media, English rendering: "NAND and eMMC in Short Supply! Macronix Posts Record Q2 EPS of NT$3.91; Lu: Gross Margin Heading Toward 80% Is Within Sight," published 2026-07-28 21:52:37 JST. https://www.storm.mg/article/11152358 (2026-07-28) 2. [cna#1724346] CNA, English rendering: "Macronix: eMMC Price Hikes Expected to Last into Q4; Additional NT$15.8 Billion for Expansion" (reporter Chang Chien-chung), published 2026-07-28. https://www.cna.com.tw/news/afe/202607280286.aspx (2026-07-28) 3. [cna#1720171] CNA, English rendering: "Taiwan Stocks Plunge 2,069 Points Intraday, Fifth-Largest on Record; Memory Stocks the Epicenter" (reporter Wu Chia-hao), published 2026-07-28. https://www.cna.com.tw/news/afe/202607280065.aspx (2026-07-28) 4. [cna#1674004] CNA, English rendering: "Apacer: AI Drives Memory into a Super Cycle; Shortage Until Mid-2027" (reporter Chang Chien-chung), published 2026-07-24. https://www.cna.com.tw/news/afe/202607240200.aspx (2026-07-24) 5. [cnyes#1724163] Anue (cnyes), English rendering: "AI Servers Keep Squeezing Supply! BofA Again Raises DRAM Price Forecast: Q3 Contract Prices Could Rise 30–40%," published 2026-07-28. https://news.cnyes.com/news/id/6548000 (2026-07-28) 6. [cna#1657931] CNA, English rendering: "Survey: Soaring Memory Prices Hit the PC Industry; Q2 Shipments Down 4% YoY" (reporter Chang Chien-chung), published 2026-07-23. https://www.cna.com.tw/news/afe/202607230105.aspx (2026-07-23) 7. Internal citations (published ANK cards): ANK-2026-07-08-001 "Memory Cycle, Chapter Five — the 'Taiwan Revenue and Capital-Action Chapter'" (2026-07-08); ANK-2026-06-30-005 "Memory Cycle, Chapter Two — 'Shortage and Trimming Coexist'" (2026-07-02)

> Anti-fabrication statement: This card has zero verified official anchors (official_count_verified=0); all figures are as stated in the cited reports and unverified by this site; no numbers absent from the source texts were generated, no ratios or totals were computed, and no numbers were merged across sources. Card publication date 2026-07-29 ≥ latest source date 2026-07-28. No Wikidata Q attached (no registry verification).

📊 引用級事實單元（F-Units）

Macronix Q2 2026: consolidated revenue NT$19.125 billion, gross margin 64.4%, net profit after tax NT$7.736 billion, EPS NT$3.91 — revenue and profit indicators at simultaneous all-time highs (as reported)
F-001 · Confidence: medium · Basis: news_aggregation storm #1727065 Grade C · 媒體報導（非企業審查） Q2 2026 (April–June); comparison bases = QoQ vs Q1 2026, YoY vs Q2 2025
Product mix — NAND-including-eMMC revenue share rose from 30% in Q1 2026 to 43%; eMMC revenue up 5,334% YoY from Q2 2025; H1 2026 revenue of NT$29.593 billion already exceeds full-year 2025
F-002 · Confidence: medium · Basis: news_aggregation storm #1727065 Grade C · 媒體報導（非企業審查） Q2 2026 and H1 2026; comparison bases stated per sentence (vs Q1 2026 / vs 2025 same period / vs full-year 2025)
Lu: SLC NAND and eMMC in "severe shortage"; some MLC NAND products at 70%–80% gross margin; "gross margin toward 80%" is conditional and, per the source text, not a formal forecast
F-003 · Confidence: medium · Basis: news_aggregation storm #1727065 Grade C · 媒體報導（非企業審查） Remarks dated 2026-07-28; outlook references Q3–Q4 2026 and post-2028
Expansion — board approved an additional NT$15.8 billion in capex, total budget about NT$37.8 billion; 12-inch monthly capacity targeted to rise from about 25,000 to over 30,000 wafers, depreciation from 2028
F-004 · Confidence: medium · Basis: news_aggregation storm #1727065 Grade C · 媒體報導（非企業審查） Board resolution and conference date 2026-07-28; capacity contribution planned for 2027, depreciation from 2028 (company plan)
CNA's independent report on the same conference (ADD_EVIDENCE/CORROBORATE): key figures match; H1 2026 gross margin of 56.1% up 39.5 percentage points from H1 2025; eMMC price hikes expected to last into Q4 2026 (company remarks)
F-005 · Confidence: medium · Basis: news_aggregation cna #1724346 Grade C · 媒體報導（非企業審查） Q2 2026 and H1 2026; report dated 2026-07-28
Same day (2026-07-28), morning: Taiwan market plunged 2,069.19 points intraday — fifth-largest intraday drop on record — with memory stocks the epicenter; Macronix hit limit-down at NT$113
F-006 · Confidence: medium · Basis: news_aggregation cna #1720171 Grade C · 媒體報導（非企業審查） Intraday 2026-07-28 (report as of 11:15 a.m.); comparison base = prior trading day
Industry corroboration — Apacer CEO C.K. Chang (2026-07-24 investor conference): AI has pushed memory into a structural-shortage super cycle; shortage expected to persist until mid-2027
F-007 · Confidence: medium · Basis: news_aggregation cna #1674004 Grade C · 媒體報導（非企業審查） Remarks dated 2026-07-24; outlook covers H2 2026 to mid-2027
Institutional forecast — BofA late-July 2026 channel checks: Q3 2026 DRAM contract ASPs could rise 30%–40% QoQ, above TrendForce's earlier 13%–18% forecast
F-008 · Confidence: medium · Basis: news_aggregation cnyes #1724163 Grade C · 媒體報導（非企業審查） Checks dated late July 2026; forecast covers Q3–Q4 2026 (QoQ)
Demand-side counterpoint — Counterpoint: Q2 2026 global PC shipments 65 million units, down 4% YoY, attributed to surging memory prices raising costs and suppressing demand
F-009 · Confidence: medium · Basis: news_aggregation cna #1657931 Grade C · 媒體報導（非企業審查） Q2 2026; comparison base = YoY vs Q2 2025

❓ FAQ

What were Macronix's key Q2 2026 numbers?

Per Storm Media's and CNA's 2026-07-28 reports on the same investor conference: Q2 2026 consolidated revenue NT$19.125 billion (up 83% QoQ from Q1 2026, up 181% YoY from Q2 2025), gross margin 64.4% (up 23.6 percentage points from Q1 2026), net profit after tax NT$7.736 billion (up 335% QoQ from Q1 2026), EPS NT$3.91; H1 2026 revenue NT$29.593 billion (up 129% YoY from H1 2025) already exceeds full-year 2025 revenue of NT$28.88 billion, with H1 EPS of NT$4.82. All are company self-reported figures; this site has not verified them through official channels (storm#1727065, cna#1724346; see Scope).

Is "gross margin heading toward 80%" a formal forecast?

No. The Storm Media article explicitly states the remark rests on continued supply tightness, sustained high ASPs, and smooth ramp-up of new capacity, and is not a formal financial forecast; 70%–80% is the gross-margin range of some MLC NAND products, while the overall Q2 2026 gross margin was 64.4%. Lu also cautioned that gross margin cannot rise without limit and is subject to manufacturing costs, R&D spending, and product mix (storm#1727065).

How large is Macronix's expansion plan?

Per the reports: the board approved an additional NT$15.8 billion in capital expenditure on 2026-07-28; combined with NT$22 billion planned earlier in the year, the total budget is about NT$37.8 billion; it adds roughly 4,000–5,000 12-inch wafers of monthly capacity, lifting 12-inch monthly capacity from about 25,000 wafers to over 30,000; the main capacity contribution lands in 2027 with depreciation from 2028, and new capacity is prioritized for NAND and eMMC. Investment and capacity figures are company plans/targets, not realized (storm#1727065, cna#1724346).

Why did the stock hit limit-down the same day the company reported record results?

Two facts coexisted on the same day: on the morning of 2026-07-28, Taiwan's market plunged 2,069.19 points intraday, and memory stocks — hit by "concerns over Chinese makers' capacity expansion and the pullback in international memory giants' shares" (CNA's intraday attribution, original wording) — sold off, with Macronix at limit-down NT$113; the Q2 results announced at the conference later that day are already-realized quarterly profits. "Share price prices future cycle risk; earnings record current-quarter delivery" is this card's editorial inference, not source wording. Lu himself noted at the conference that large makers' new capacity takes two to three years to come online, and any post-2028 reversal depends on AI demand (cna#1720171, storm#1727065).

Have this card's figures been officially verified?

No. All financial figures are company investor-conference/self-reported numbers relayed by Storm Media, CNA, and other media; this site has not verified them through official channels such as MOPS (official-anchor scope: see Scope). Any citation of numbers from this card must carry the "company self-reported, media-relayed, not officially verified" qualifier (see Scope).

🧠 編輯判斷（J-Units）

Zero-official-anchor scope: all 6 sources in this card are media reports (1 Storm Media, 4 CNA, 1 Anue/cnyes); Macronix's financial figures all trace to the company's self-reported numbers at the same 2026-07-28 conference (storm#1727065 and cna#1724346 are two outlets' independent reports on the same event with consistent overlapping figures = a cross-check, not official verification); this site has not verified via MOPS/TWSE, and citations must carry the "company self-reported, not officially verified" qualifier
Confidence: high
Grading and limits of forward-looking statements: Lu's "gross margin toward 80%" = conditional, not a forecast (source text explicit); "eMMC hikes into Q4 2026" = company outlook; Apacer's "shortage until mid-2027" = peer outlook; BofA's "Q3 up 30%–40%" = institutional forecast; Counterpoint's "PC shipments down 4%" = survey statistics — five statements with distinct subjects, natures, and product lines, presented in parallel without merging, and no cross-source conclusions are computed; the "share price × earnings timeline" attribution is flagged sentence by sentence as Shen Guan's editorial inference
Confidence: high

🔮 待驗證假設（P-Units）

Official-filing (MOPS) verification of Macronix's Q2 2026 results, actual Q3 gross margin, and whether eMMC price hikes persist into Q4 2026 as the company expects — verifiable against official filings and subsequent results (open)
Status: open
Post-2028 global memory capacity additions (reports note Micron's Virginia fab may start shipping in 2028 and reach full production in 2029) versus AI demand — supply-demand reversal watch; plus delivery of Macronix's planned 2027 mass production of 192-layer 3D NAND — tracked via subsequent disclosures (open)
Status: open

Verification Record

AI-structured, registry-verified, editorially sampled — Kirishima Rei (AI Editorial Desk)

⚠️ This article was AI-structured (not authored by an individual human reporter).

Cross-verified by multiple AI models.

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