友达、群创等6家面板厂公布2月营收

Core Viewpoint - The revenue performance of six Taiwanese panel manufacturers in February 2026 shows a mixed trend, with most companies experiencing declines due to seasonal factors and inventory adjustments, while some exhibit resilience in their operations [2][3]. Revenue Performance Summary - AU Optronics: February revenue was 4.441 billion, down 16.66% year-on-year and 8.89% month-on-month; cumulative revenue for 2026 reached 9.316 billion, a decrease of 7.00% year-on-year [2]. - Innolux: February revenue was 4.232 billion, showing a year-on-year increase of 5.6% but a month-on-month decline of 11.74%; cumulative revenue for 2026 was 9.028 billion, up 12.14% year-on-year [2]. - HannStar Display: February revenue was 186 million, down 10.19% year-on-year and 18.68% month-on-month; cumulative revenue for 2026 was 414 million, a slight increase of 0.78% year-on-year [2]. - Lianjian Technology: February revenue was 134 million, down 11.49% year-on-year and 20.42% month-on-month; cumulative revenue for 2026 was 302 million, up 3.44% year-on-year [2]. - Rohm Semiconductor: February revenue was 20 million, with a month-on-month decline of 54.07% and a year-on-year decrease of 32.05%; cumulative revenue for 2026 was 50 million, down 41.24% year-on-year [2]. - Hua Ling Optoelectronics: February revenue was 28 million, down 19.57% year-on-year and 30.03% month-on-month; cumulative revenue for 2026 was 66 million, down 11.22% year-on-year [2]. Market Dynamics - The overall revenue decline in February is attributed to traditional off-season effects, reduced working days, and ongoing inventory adjustments by end brands, indicating weak demand for small and medium-sized panels [3][4]. - AU Optronics and Innolux are accelerating their focus on high-value-added businesses, with AU Optronics developing a transparent satellite antenna module and Innolux reportedly entering the supply chain for AI data center optical communication components [5]. Future Outlook - According to TrendForce's latest panel price forecast for March 2026, the market is expected to see a mixed trend with TV and monitor prices rising while laptop panel prices stabilize [6]. - The confidence of panel manufacturers, represented by AU Optronics and Innolux, is expected to improve as they transition from traditional scale competition to high-value-added sectors, despite short-term seasonal pressures [6].