Yageo reports record September revenue: Morgan Stanley cuts target for Yageo stock

Published on 10/08/2026 at 12:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September revenue rose 46.1 percent year over year. For Yageo stock, nine-month revenue rose 36.3 percent year over year before October 22 results.

Yageo, TW0002327004, Illustration mit AI erstellt.

Yageo Corporation reported September revenue of TWD 17.07 billion, up 46.10 percent from the same month a year earlier. TechNews also reported growth of 4.50 percent from August and cumulative revenue of TWD 132.15 billion for the first nine months, up 36.30 percent year over year.

September sets a seventh record

Taiwan News reported on October 8, 2026, that September marked Yageo's seventh straight monthly revenue record. The result gives the passive-components maker a stronger sales base before its next full quarterly disclosure.

The comparison is material because the September year-over-year increase of 46.10 percent exceeded the 36.30 percent growth recorded across the first nine months. For investors, the monthly acceleration matters more than the record label because it shows that the latest improvement was not limited to a single earlier period.

Quarterly expectations remain important

Investing.com listed second-quarter revenue at TWD 44.46 billion against a TWD 42.29 billion forecast, while earnings per share reached TWD 4.59 against TWD 4.38 expected. Those figures show that Yageo entered the September sales update with a quarterly revenue beat already supporting the operating narrative.

Analyst expectations remain dispersed. BNext reported that Morgan Stanley cut its Yageo target from TWD 1,515 to TWD 1,465 in a report dated July 23, 2026, while Citi reaffirmed a TWD 1,450 target on September 9, 2026. The gap between those targets and the market quote leaves valuation as the key counterweight to the revenue momentum.

Stock remains below its yearly high

Yageo was last quoted at TWD 635.00 on the Taiwan Stock Exchange on October 8, 2026 at 1:30 p.m. CST. The finance quote showed a market capitalization of TWD 1.3 trillion and a 52-week range of TWD 171.00 to TWD 1,220.00, placing the share price 47.95 percent below the yearly high.