📊 TrendForceTrendForceCodex · 实盘不做把握 7/10
北京时间·🕒 发布 07-10 15:19:55时区推断·⟳ 抓取 17:29:26·⚡ 决策 07-14 17:58:12 +28m46s·105.0 天前
南亚科二季度毛利率接近80%，DRAM涨价推动业绩创高
南亚科二季度营收825.49亿新台币、EPS 14.66元、毛利率79.5%，业绩强劲但已是7月10日盘后法说会公开信息。
📄 原文TrendForce↗ 原文
[News] DRAM Rally Lifts Nanya Tech’s 2Q Gross Margin to Nearly 80%, Closing in on Global Memory Leaders The ongoing pha…
不做 南亚科（2408.TW）
财报利好方向明确但已在7月10日公开并多源扩散，当前距事件约4天且股价已出现涨停与高开低走，短线追多没有足够新鲜edge，不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- 南亚科发布2026年二季度财报，确认毛利率79.5%、净利501.92亿新台币、EPS 14.66元。市场反应:2408.TW在7月9日已涨停，7月10日收盘价维持435.5。
- TrendForce整合自由时报、工商时报、Yahoo等报道，强调DRAM涨价带动南亚科毛利率逼近全球存储龙头。
- 经济日报报道南亚科Q2毛利率79.5%、EPS 14.66元，说明台媒已在次日广泛扩散。
- 2026-07-13市场反应stock_quote非一手事件后首个完整交易窗口中，南亚科7月13日开盘466.5、高于7月10日收盘435.5，但收盘回落至423.0，呈高开低走。市场反应:高开后低走，显示短线资金已有兑现压力。
关键理由
- 南亚科二季度营收825.49亿新台币、EPS 14.66元、毛利率79.5%，业绩强劲但已是7月10日盘后法说会公开信息。
- 公司官网、Yahoo、经济日报、TrendForce等多源已在7月10日至11日扩散，当前为7月14日台股收盘后，短线事件窗口已过。
- 行情显示南亚科在事件前后已有明显反应，7月9日涨停、7月10日锁价、7月13日高开至466.5后低走，追多边际变差。
主要风险
- DRAM缺货和涨价周期仍可能继续支撑股价，但这属于行业趋势延续，不是当前这条已扩散财报信号的新边际。
- 报价工具返回的最新价字段与近6日OHLC存在时点差异，执行层应以实际交易系统报价复核。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-10 · 影响 weakens
未发现官方辟谣或数据错误，但确认这是已公开财报而非新传闻，削弱当前追多新鲜度。
检索:南亚科 第二季 毛利率 79.5 EPS 14.66 2026 7月 原文 ↗ - 做多前查反向 · 来源 stock_quote · 日期 2026-07-14 · 影响 weakens
事件前后股价已明显反应，7月13日高开低走，短线追多存在见光死风险。
检索:stock_quote 2408.TW full
工具调用 · 历史记录,结果未知(2 种)
- normalize_ticker · 结果未知
- stock_quote · 结果未知
原文全文
展开原文 · 2,789 字
[News] DRAM Rally Lifts Nanya Tech’s 2Q Gross Margin to Nearly 80%, Closing in on Global Memory Leaders
The ongoing phase-out of legacy DRAM capacity by major memory manufacturers has tightened supply and lifted pricing, positioning Taiwan’s Nanya Technology among the biggest beneficiaries. Citing Liberty Times , the company reported a second-quarter gross margin of 79.5%, as average DRAM selling prices rose more than 60% from the previous quarter.
The strong pricing environment lifted Nanya Tech’s profitability metrics to levels rarely seen among memory suppliers. Its second-quarter gross margin of 79.5% even surpassed foundry titan TSMC’s guidance of 65.5% to 67.5% for the same period, while operating margin climbed to 73.7%, Liberty Times notes.
By comparison, U.S. memory giant Micron reported record gross and operating margins of 84.9% and 81.2%, respectively, in the third quarter of fiscal 2026.
According to Commercial Times and Liberty Times, Nanya Technology posted a sharp rebound in the second quarter, as revenue jumped 68.2% sequentially to NT$82.55 billion and net profit surged 92.6% to NT$50.19 billion, yielding EPS of NT$14.66.
Memory Shortage Expected to Last Several Quarters
Notably, Nanya Technology is emerging as a player in the AI memory market, with AI infrastructure and server-related products contributing more than 20% of first-half revenue, according to Liberty Times. The company is also expanding its reach across multiple applications with a comprehensive DRAM portfolio, including DDR5, LPDDR5/5X, DDR4, LPDDR4/4X, DDR3 and LPDDR3.
Looking ahead, Yahoo! Finance , citing Nanya Tech President Pei-Ing Lee, reports that as rising demand for HBM and RDIMM from AI and general-purpose cloud servers keeps tightening supply for smartphones, PCs, automotive and consumer electronics, the memory shortage is expected to persist for several more quarters, with multi-year long-term agreements (LTAs) increasingly becoming the industry norm.
On the capacity front, Next Apple reports that Nanya Tech plans to ramp up its new fab in phases, with the first stage targeting monthly wafer starts of 30,000 units by 2028 and full capacity reaching 45,000 wafers per month. Meanwhile, development of its third-, fourth- and fifth-generation 10nm-class process technologies (1C/1D/1E), along with EUV-related research, is progressing as planned, the report adds.
Read more
[News] Nanya Tech Reportedly Sees Double-Digit DRAM Price Gains in Q2, with Multiple Partnerships in Discussion
[News] NAND Leaders Bet on Taiwan’s DRAM Maker: Why Kioxia, SanDisk, SK hynix Back Nanya Tech’s $2.5B Deal?
(Photo credit: Nanya Technology)
Please note that this article cites information from Liberty Times , Commercial Times , Yahoo! Finance and Next Apple .
The ongoing phase-out of legacy DRAM capacity by major memory manufacturers has tightened supply and lifted pricing, positioning Taiwan’s Nanya Technology among the biggest beneficiaries. Citing Liberty Times , the company reported a second-quarter gross margin of 79.5%, as average DRAM selling prices rose more than 60% from the previous quarter.
The strong pricing environment lifted Nanya Tech’s profitability metrics to levels rarely seen among memory suppliers. Its second-quarter gross margin of 79.5% even surpassed foundry titan TSMC’s guidance of 65.5% to 67.5% for the same period, while operating margin climbed to 73.7%, Liberty Times notes.
By comparison, U.S. memory giant Micron reported record gross and operating margins of 84.9% and 81.2%, respectively, in the third quarter of fiscal 2026.
According to Commercial Times and Liberty Times, Nanya Technology posted a sharp rebound in the second quarter, as revenue jumped 68.2% sequentially to NT$82.55 billion and net profit surged 92.6% to NT$50.19 billion, yielding EPS of NT$14.66.
Memory Shortage Expected to Last Several Quarters
Notably, Nanya Technology is emerging as a player in the AI memory market, with AI infrastructure and server-related products contributing more than 20% of first-half revenue, according to Liberty Times. The company is also expanding its reach across multiple applications with a comprehensive DRAM portfolio, including DDR5, LPDDR5/5X, DDR4, LPDDR4/4X, DDR3 and LPDDR3.
Looking ahead, Yahoo! Finance , citing Nanya Tech President Pei-Ing Lee, reports that as rising demand for HBM and RDIMM from AI and general-purpose cloud servers keeps tightening supply for smartphones, PCs, automotive and consumer electronics, the memory shortage is expected to persist for several more quarters, with multi-year long-term agreements (LTAs) increasingly becoming the industry norm.
On the capacity front, Next Apple reports that Nanya Tech plans to ramp up its new fab in phases, with the first stage targeting monthly wafer starts of 30,000 units by 2028 and full capacity reaching 45,000 wafers per month. Meanwhile, development of its third-, fourth- and fifth-generation 10nm-class process technologies (1C/1D/1E), along with EUV-related research, is progressing as planned, the report adds.
Read more
[News] Nanya Tech Reportedly Sees Double-Digit DRAM Price Gains in Q2, with Multiple Partnerships in Discussion
[News] NAND Leaders Bet on Taiwan’s DRAM Maker: Why Kioxia, SanDisk, SK hynix Back Nanya Tech’s $2.5B Deal?
(Photo credit: Nanya Technology)
Please note that this article cites information from Liberty Times , Commercial Times , Yahoo! Finance and Next Apple .
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