Nomura keeps Buy rating for Largan Precision stock at TWD 8,300

Published on 10/12/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gross margin fell to 42.21 percent in the third quarter on October 9, 2026. Largan Precision stock has 13 Buy ratings from 19 analysts.

Key points in brief

Nomura maintained a Buy rating and listed a TWD 8,300 target on October 6, 2026.
Third-quarter gross margin fell to 42.21 percent from 49.41 percent in the previous quarter.
Third-quarter revenue declined 11.47 percent year over year to TWD 15.65 billion.
Largan Precision was last quoted at TWD 7,325 on the Taiwan Stock Exchange on October 12, 2026.
The company is expanding from smartphone optics into fiber-array components for copackaged optics.

Largan Precision, TW0003008009, Illustration mit AI erstellt.

Largan Precision Co. (TW0003008009) last traded at TWD 7,325 on the Taiwan Stock Exchange on October 12, 2026, while Nomura maintained its Buy rating and listed a TWD 8,300 price target on October 6, 2026. The latest quarterly figures show a sharp margin squeeze even as the company expands into optical components for data-center equipment.

Three results signals from October

On October 6, 2026, Taipei Times reported that third-quarter revenue fell 11.47 percent year over year to TWD 15.65 billion, compared with TWD 17.68 billion a year earlier. The figure was also below the TWD 18.58 billion consensus estimate from a poll of 13 analysts.

On October 8, 2026, the company reported third-quarter earnings after second-quarter revenue of TWD 13.66 billion. The third-quarter figure therefore represented a 14.53 percent sequential increase, although the year-over-year comparison remained negative.

On October 9, 2026, Taipei Times reported that gross margin fell to 42.21 percent in the third quarter from 49.41 percent in the previous quarter and 47.24 percent a year earlier. Net profit declined 27.65 percent year over year to TWD 5.18 billion, while earnings per share fell to TWD 39.62 from TWD 53.05.

What changed in the third quarter

The margin decline was linked to lower yields for new smartphone camera-lens products and higher green-energy costs, according to the October 9, 2026 report by Taipei Times. Factory utilization for smartphone lenses was expected to remain at full capacity, but shipment momentum was weakening after the peak season.

The company is also investing beyond handset optics. Capital expenditure reached TWD 8.18 billion in the third quarter, mainly for land and factory purchases in Taichung, while a trial automated production line for fiber arrays had gained customer certification.

The expansion gives the earnings story a second dimension. Smartphone revenue weakened by 11.47 percent year over year in the third quarter, yet the fiber-array program targets volume shipments in the second half of 2027, according to the same October 9 report.

Analyst target meets earnings pressure

Investing.com listed Nomura/Instinet with a Buy rating, a TWD 8,300 target and a maintained action dated October 6, 2026. The same overview counted 13 Buy ratings, 4 Hold ratings and 3 Sell ratings among 19 analysts, with an average target of TWD 5,992.42.

That target spread underlines the central investor question: whether new optical-computing revenue can offset the immediate pressure on smartphone-lens yields. Largan's established business remains tied to handset launches, while its fiber-array investment carries a longer production timetable.

Market value and listing facts

Largan was last quoted at TWD 7,325 on the Taiwan Stock Exchange at 1:30 p.m. Taiwan Standard Time on October 12, 2026. Its market capitalization was TWD 958.1 billion, and its 52-week range was TWD 2,020.00 to TWD 7,995.00.