汉磊法说会称SiC产能利用率回升至近90%、2027年6英寸SiC收入目标翻倍，但消息10月8日已公开、台股已消化两个交易日

Episil held an earnings call on October 7, saying silicon carbide (SiC) capacity utilization has rebounded quickly from 30% at a low point to nearly 90% now. If 6-inch order demand keeps rising in 2027, the company will add capacity through 8-inch production. That has raised questions over whether the industry is entering a new wafer-size transition and whether 6-inch wafers are being phased out.

Chairman JH Shyu said 6-inch and 8-inch wafers do not have a simple replacement relationship, and the outcome still depends on product characteristics and customer demand.
Episil has already moved to its fifth-generation SiC products, but some customers in the market still use second- and third-generation products. Some care more about voltage and performance than wafer size. The company's SiC portfolio covers 650V to 3,300V. Shyu said 6-inch still has its role, while 8-inch will serve as the vehicle for future capacity expansion.
SiC has also been moving into consumer applications on the back of lower prices. General manager TW Liu confirmed that as SiC substrate costs fall, application areas are expanding rapidly in 2026 beyond traditional high-power uses into consumer products such as LED lighting power supplies, USB Power Delivery (USB PD) fast chargers, power adapters, and smart home appliances.
For 8-inch SiC, Episil is working with Vanguard International Semiconductor (VIS) under a model in which Episil handles customers and technology transfer, while VIS handles manufacturing. If a customer adopts Episil's technology platform, Episil will take the account. If an integrated device manufacturer (IDM) customer brings its own technology, it can work through Episil or directly with VIS.
On operations, Episil reported consolidated revenue of NT$3.329 billion (US$104.2 million) in the first half of 2026, up 25% year-over-year. Gross profit turned positive at NT$28 million, while net loss after tax was about NT$120 million, or about NT$0.7 per share. The company expects operations in the second half of 2026 to outperform the first half, with revenue growing 3% to 5% from the first half.
Looking ahead to 2027, Episil aims for 6-inch SiC revenue to grow 100% year-over-year, with capacity utilization moving toward full load. It also plans to adjust some product prices starting in the first quarter of 2027, while 8-inch will provide more capacity from 2027 onward.
Gallium nitride (GaN) revenue fell 10% year-over-year in the first half of 2026, but jumped 140% from the second half of 2025. Capacity utilization rose from 30% in the fourth quarter of 2025 to 70% in the first quarter of 2026 and about 95% in the second quarter, showing demand is rebounding quickly. The company expects GaN revenue in the second half of 2026 to grow 25% to 30% from the first half, with full-year 2026 revenue set to rise by about 50% year-over-year and growth of more than 20% targeted for 2027.
Silicon-based surge absorbers and transient voltage suppression (TVS) diodes are also at full capacity and have become another high-growth business for Episil. The company expects second-half 2026 revenue from the segment to grow 30% to 40% from the first half, with full-year 2026 revenue up 75% to 80% year-over-year and growth of more than 20% still targeted for 2027.