GIS Swings to Operating Profit in First Nine Months on Strong MLCC Equipment Sales

What happened

GIS said on Nov. 11 that, driven by strong sales of multilayer ceramic capacitor (MLCC) manufacturing equipment, it returned to an operating profit for the first nine months of this year. It posted consolidated third-quarter revenue of 24.27 billion won and operating profit of 1.27 billion won; revenue rose 4.9% from a year earlier while operating profit declined 3.7%; compared with the previous quarter, revenue fell 28.6% and operating profit dropped 50.9%. The sharp sequential decline reflected a high second-quarter base, when approximately 4 billion won of revenue originally scheduled for the first quarter was carried over to early April; quarterly revenue totaled 13.9 billion won in Q1, 34 billion won in Q2 and 24.3 billion won in Q3. For January-September, cumulative revenue reached 72.17 billion won and operating profit 2.43 billion won; revenue increased 31.9% from a year earlier, and the company swung to an operating profit from a loss of 900 million won in the same period last year. Rising demand for MLCCs used in AI servers and electric vehicles more than doubled GIS's MLCC equipment sales to major customers year on year; GIS supplies MLCC cutting equipment, which cuts MLCC bars at regular intervals to separate them into individual chips, to major South Korean manufacturers including Samsung Electro-Mechanics. As increased equipment orders from customers expanding production capacity have strained its Anyang headquarters plant, GIS is expanding capacity at its Gumi facility — a manufacturing base acquired through the purchase of Guil Engineering in May 2023 — where it plans to establish a dedicated MLCC equipment production line, adding 50 billion won in annual production capacity.

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Source and time

Source: The Elec · 11/12/2026 · View original source