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Investing.com -- Largan reported second-quarter 2025 revenue increased by 7% year-over-year to NT$11.8 billion, while declining 19% quarter-over-quarter. The company’s quarterly sales figures missed consensus and analyst estimates by 5-6%.
The revenue would have been roughly in line with expectations if not for the approximately 6% U.S. dollar depreciation impact during the period. Largan’s June 2025 revenue showed stronger performance, rising 11% year-over-year and 30% month-over-month when measured in USD terms.
Analysts are watching for potential margin pressure in the quarter due to multiple headwinds. Largan achieved a gross margin of 54.6% in the first quarter of 2025, but the combination of lower sales revenue, a higher iPhone SE sales mix in the second quarter, and foreign exchange challenges may create downside risk to consensus gross margin estimates of 51%.
For Taiwanese companies, a 1% U.S. dollar depreciation typically leads to a 0.1%-0.5% impact on gross margin. While Largan’s management has not provided specific guidance on foreign exchange impact, more details are expected during the company’s second-quarter earnings call scheduled for July 10.
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