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Asia Pacific Wire & Cable Posts Strong Q1 2026 Revenue Growth and Bolsters Cash via Rights Offering

Story Highlights
  • Asia Pacific Wire & Cable’s Q1 2026 revenue rose 30% year over year to $130.8 million, with EPS rebounding to $0.05 and gross margin improving on higher copper prices and better product mix.
  • Thailand, North Asia and recovering Australian demand drove segment growth, while a rights offering lifted cash to $73.2 million and operating cash flow turned positive despite higher operating expenses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Asia Pacific Wire & Cable Posts Strong Q1 2026 Revenue Growth and Bolsters Cash via Rights Offering

Meet Samuel – Your Personal Investing Prophet

Asia Pac Wire &Cable ( (APWC) ) has issued an update.

Asia Pacific Wire & Cable reported first-quarter 2026 results on May 14, 2026, showing revenue of $130.8 million, up 30% year over year but down 2% sequentially, and earnings per share of $0.05, up 171% from a year earlier yet 71% lower than the prior quarter. Growth was broad-based across North Asia, Thailand and the rest of the world, supported by higher copper prices, a favorable product mix and a recovery in Australia, while gross margin expanded to 8.2% and operating profit swung sharply higher from a loss a year ago.

Segmently, Thailand led with 41% year-over-year revenue growth and North Asia rose 26%, while rest-of-world sales climbed 23% annually but fell sequentially due to project timing, and copper tonnage sold increased 5% from a year earlier. The company’s balance sheet strengthened as cash rose to $73.2 million, largely from a $34.1 million rights offering, operating cash flow turned positive, and a $1.0 million one-time investment gain and stable inventories highlighted improving financial flexibility despite higher selling, general and administrative expenses tied to research and development and sales efforts.

Spark’s Take on APWC Stock

According to Spark, TipRanks’ AI Analyst, APWC is a Neutral.

The score is held back mainly by weak financial performance: thin margins and notably inconsistent operating/free cash flow (negative again in 2025), despite an improved leverage profile. Technicals are moderately constructive in the near term (above 20/50-DMA with positive MACD) but still below longer-term averages, while valuation is somewhat supportive with a low P/E.

To see Spark’s full report on APWC stock, click here.

More about Asia Pac Wire &Cable

Asia Pacific Wire & Cable Corporation Limited is a Bermuda-incorporated holding company with principal executive offices in Taiwan, operating through subsidiaries across Thailand, Singapore, Australia, China, Hong Kong and other Asia-Pacific markets. It manufactures and distributes enameled wire, power cable and telecommunications products, also providing project engineering services for power cable supply, delivery and installation to appliance makers, electrical contractors, state-owned entities and wire and cable dealers.

Average Trading Volume: 6,042

Technical Sentiment Signal: Sell

Current Market Cap: $29.48M

For an in-depth examination of APWC stock, go to TipRanks’ Overview page.

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