Realtek Semiconductor (TPE:2379) Operating Income: NT$13,805 Mil (TTM As of Mar. 2026)

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TPE:2379 Realtek Semiconductor Corp TPE:2379
86 GF Score
Price NT$683.00
GF Value NT$589.34
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Realtek Semiconductor Operating Income?

Realtek Semiconductor TPE:2379 -2.01% 86 Operating Income is NT$13,805 Mil as of Mar. 2026. GuruFocus rates TPE:2379 with a GF Score™ of 86/100 and a GF Value™ of NT$589.34 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Realtek Semiconductor's Operating Income for the three months ended in Mar. 2026 was NT$4,367 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$13,805 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Realtek Semiconductor's Operating Income for the three months ended in Mar. 2026 was NT$4,367 Mil. Realtek Semiconductor's Revenue for the three months ended in Mar. 2026 was NT$36,423 Mil. Therefore, Realtek Semiconductor's Operating Margin % for the quarter that ended in Mar. 2026 was 11.99%.

Warning Sign:

Realtek Semiconductor Corp operating margin has been in a 5-year decline. The average rate of decline per year is -3.9%.

Realtek Semiconductor's 5-Year average Growth Rate for Operating Margin % was -3.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Realtek Semiconductor's annualized ROC % for the quarter that ended in Mar. 2026 was 26.82%. Realtek Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 161.93%.


Realtek Semiconductor  (TPE:2379) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Realtek Semiconductor's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=17467.78 * ( 1 - 13.01% )/( (55500.008 + 57796.948)/ 2 )
=15195.221822/56648.478
=26.82 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=129903.363 - 51802.186 - ( 61375.595 - max(0, 74755.91 - 97357.079+61375.595))
=55500.008

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=143076.312 - 71386.258 - ( 64720.824 - max(0, 94606.737 - 108499.843+64720.824))
=57796.948

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Realtek Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20178.108/( ( (12107.386 + max(-29197.359, 0)) + (12813.995 + max(-41495.612, 0)) )/ 2 )
=20178.108/( ( 12107.386 + 12813.995 )/ 2 )
=20178.108/12460.6905
=161.93 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15011.184 + 19560.914 + 792.185) - (51802.186 + 0 + 12759.456)
=-29197.359

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21121.96 + 21686.206 + 432.39799999999) - (71386.258 + 0 + 13349.918)
=-41495.612

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Realtek Semiconductor's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=4366.945/36422.566
=11.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Realtek Semiconductor Operating Income Related Terms


Realtek Semiconductor Operating Income Historical Data

* Premium members only.

The historical data trend for Realtek Semiconductor's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Realtek Semiconductor Operating Income Chart

Realtek Semiconductor Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,328.25 15,690.58 6,680.46 13,496.37 14,389.06

Realtek Semiconductor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,950.93 4,003.25 3,118.46 2,316.42 4,366.95
TPE:2379
86GF Score
Realtek Semiconductor Corp TPE:2379
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Realtek Semiconductor Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$13,805 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of NT$13,805 Mil mean?
Realtek Semiconductor (TPE:2379) has a Operating Income of NT$13,805 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Realtek Semiconductor and its competitors.
Is Realtek Semiconductor's Operating Income too high?
Realtek Semiconductor's current Operating Income is NT$13,805 Mil. Overall, Realtek Semiconductor has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Realtek Semiconductor's Operating Income compare to NVDA and AVGO?
Realtek Semiconductor's Operating Income of NT$13,805 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Semiconductors company?
A good Operating Income depends on the Semiconductors industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Realtek Semiconductor and its competitors. Realtek Semiconductor's current Operating Income is NT$13,805 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Realtek Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Realtek Semiconductor (TPE:2379) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$589.34, compared to a current price of NT$683.00 — trading 15.9% above its estimated fair value. The current Operating Income is NT$13,805 Mil. Realtek Semiconductor's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Realtek Semiconductor (TPE:2379), the current Operating Income is NT$13,805 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Realtek Semiconductor (TPE:2379) Overvalued in 2026?

Based on GuruFocus' analysis, Realtek Semiconductor stock appears to be overvalued. The current stock price of NT$683.00 is trading 15.9% above its estimated GF Value™ of NT$589.34. GuruFocus considers Realtek Semiconductor to be Modestly Overvalued.

Key valuation signals for TPE:2379:

  • Operating Income: NT$13,805 Mil
  • GF Value™: NT$589.34 vs. price of NT$683.00 (15.9% above fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the TPE:2379 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Realtek Semiconductor Business Description

Address No. 2, Innovation Road II, Hsinchu Science Park, Hsinchu, TWN, 300
Realtek Semiconductor Corp is engaged in researching, developing, manufacturing, and selling various integrated circuits and related application software. The products of the company include Connected Media ICs, Communications Network ICs, Computer Peripheral ICs, Multimedia ICs, Smart Interconnect ICs and others. The company derives maximum revenue from the Asian region followed by Taiwan.
86GF Score

Get the complete analysis for TPE:2379

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$683.00
Price
NT$589.34
GF Value