Delta Electronics (Thailand) posts 6.1 billion baht Q2 profit as costs and shortages squeeze margins
Delta Electronics (Thailand) reported 2Q26 net profit of 6.1bn baht, 33% below consensus, as raw material shortages, higher input costs, and tax/inventory provisions compressed margins despite record revenue. While management reiterated a 30% FY26 revenue growth target, analysts are preparing to cut 2026–2027 earnings estimates, highlighting near-term profitability and execution risk tied to supply constraints.
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▼ Bearish
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Delta Electronics (Thailand) reported 2026 second-quarter net profit of 6.1 billion baht, down 33% quarter-on-quarter and 33% below market consensus, while revenue hit a record 65 billion baht. The company attributed the margin squeeze to rising costs and raw material shortages. Delta kept its 2026 full-year revenue growth forecast at 30%, but analysts have begun trimming their 2026–2027 net profit estimates. The development weighed on the company’s Stock Exchange of Thailand (SET)-listed shares.