Hua Hong earnings: next results and guidance
MyStockButler's October 2026 analysis: Hua Hong's next results are expected on November 5, 2026. The key thing to watch is whether Wuxi becomes productive through customer qualification, loading and cash generation.
What has Hua Hong guided for September 2026?
The weighted path is initially down, then recovers only gradually, hinging on demand and pricing holding up while Wuxi qualifies and loads its new lines. Management guides to revenue of US$770–780 million and gross margin of 16%–18% for the quarter to September 2026.
| Period | Low | High | Given on | |
|---|---|---|---|---|
| Revenue | Quarter to Sep 2026 | 770 | 780 | Aug 13, 2026 |
| Gross margin | Quarter to Sep 2026 | 16.0% | 18.0% | Aug 13, 2026 |
What this means. These are the company's forecasts for the quarter, shown as a range, not its actual results.
Did Hua Hong keep its recent promises?
Management’s recent delivery was favourable. Actual second-quarter revenue was US$717.5 million and gross margin was 16.5%, above the guidance issued on 14 May 2026. That supports execution, but not yet the harder test of attractive returns after financing, partner claims and future awards.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Revenue | 7 quarters | 2 | 5 | 0 |
| Gross margin | 7 quarters | 3 | 4 | 0 |
What this means. The report says promises kept five out of five even though the table checks seven quarters, so those totals may use different counting rules.
What has Hua Hong's recent revenue and profit trend been?
Revenue reached US$717.537 million in the second quarter of 2026, up from US$566.065 million a year earlier. It also rose 8.6% from the preceding quarter, so the improvement was not merely a comparison with a weak prior year.
Parent profit reached US$38.639 million, compared with US$7.952 million a year earlier. The consolidated group earned only US$3.878 million because non-controlling investors absorbed US$34.761 million of losses. The operating turn is real, but the parent-profit headline still overstates the improvement across the whole manufacturing base.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 717.537 | 660.925 | 659.882 | 635.18 | 566.065 | 540.937 | 539.177 | 526.306 |
| Gross margin | 16.5% | 13.0% | 13.0% | 13.5% | 10.9% | 9.2% | 11.4% | 12.2% |
| Net income | 38.639 | 20.929 | 17.454 | 25.725 | 7.952 | 3.75 | -25.199 | 44.816 |
| EPS, diluted | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | -0.02 | 0.03 |
What this means. The free cash flow figure also subtracts lease payments and interest paid, so it is not just cash from operations minus spending on equipment and buildings.
What should I watch in Hua Hong's next results?
The most useful evidence will show whether the project is funded, delivered and becoming productive.