News

Laguna, Philippines - May 6, 2026 - Integrated Micro-Electronics, Inc. (IMI), a global electronics manufacturing services provider, today announced financial results of the first quarter of 2026 highlighting improved profitability and margin expansion, underscoring the effectiveness of its ongoing transformation initiatives despite pockets of market softness in the industry.

Revenue for the quarter reached USD 220 million, in line with core sales in the same period last year, reflecting overall pipeline stability even with continued sluggishness in some mobility-related segments. While topline growth was flat, IMI achieved stronger earnings performance through sustained cost discipline and operational efficiency initiatives.

Gross profit margin expanded to 9.7% in Q1 2026, up from 8.7% in Q1 2025, primarily driven by increased factory utilization, better pricing discipline and continued benefits from factory footprint optimization. EBITDA increased to USD 15.5 million from USD 14.6 million owing to stronger operating leverage, reduced overheads, and improved program execution. Net income rose to USD 4.5 million from USD 3.7 million, supported by increased operating profitability and reduced financing costs.

These results are the product of the continued implementation of IMI’s multi-year transformation program which focuses on consolidating the company’s global manufacturing footprint, enhancing cost competitiveness, and increasing financial resilience. As a result, capacity utilization increased, labor productivity improved, and fixed overhead costs declined without compromising service continuity to customer partners. This has enabled IMI to remain profitable even in a subdued demand environment.

Utilizing cash generated from operations, IMI further bolstered its balance sheet through continued debt reduction. The lower interest expense in Q1 2026 is due to the ongoing efforts of the company to deleverage and improve capital structure efficiency, in order to maintain financial flexibility for future investments.

Current geopolitical developments, including the conflict in the Middle East, have not had a material impact on IMI’s business operations. The company continues to actively monitor global supply chain conditions and is collaborating closely with customers and suppliers to proactively mitigate any disruptions, particularly around logistics routing, component availability, and lead-time variability.

Louie Hughes, CEO of IMI, commented: “We are pleased with the steady increase in profitability that we have achieved over the last two years. We are now able to remain competitive while generating sustainable value for our stakeholders. Although we will continue to strive for even better efficiency across all our global locations, our focus now shifts to growing revenue in the correct high-value markets and building on the robust corporate and operational foundation we have shaped.”

About IMI

Integrated Micro Electronics, Inc. (IMI), the electronics manufacturing subsidiary of Ayala Corporation, is a global provider of end‑to‑end electronics manufacturing solutions—from new product introduction and prototyping to high‑reliability mass production, testing, system integration, and aftermarket services.

IMI serves the automotive, industrial, power electronics, communications, and medical sectors, delivering mission‑critical and performance‑driven applications.

With 11 manufacturing plants across five countries, the company provides fast, flexible, and scalable production through deep engineering expertise, advanced test systems, vertical integration, and a resilient, data‑driven supply chain.

For more information, visit www.global-imi.com.