Revenue for the nine months to 30 September 2026 was NT$4.286bn, roughly US$130m at the exchange rate on 11 November 2026. Gross profit was NT$979.9m, operating income NT$439.7m, pre-tax profit NT$508.9m and net profit attributable to the parent NT$366.9m. Basic earnings were NT$4.90 per share. Those figures work out at a 22.9% gross margin and a 10.3% operating margin, both calculated from the filing rather than stated in it.

The monthly sales releases behind that total are the more striking number. MoneyDJ reported Arizon’s September 2026 revenue at NT$597m, up 90.72% on September 2025, and October 2026 revenue at NT$521m, up 89.53% year on year. August 2026 was NT$440m, up 78.90% year on year. MoneyDJ also reported the third quarter of 2026 as a record quarter for the company.

Reading the third quarter

Arizon does not break the third quarter out separately in the filing, and held no earnings call. Subtracting the half year figures given at its September 2026 investor briefing from the nine month filing gives Q3 2026 revenue of about NT$1.60bn, net profit attributable of about NT$222m and EPS of about NT$2.97. Those three numbers are derived arithmetic, not company disclosures, and should be read that way.

Where the growth is coming from

At an investor briefing on 21 September 2026, general manager Lin Ping-yi attributed the year’s growth to projects cultivated over the previous several years finally reaching production. MoneyDJ’s report of the briefing said most of 2026’s added revenue came from new customers rather than existing ones, concentrated in Asia with a contribution from the Americas. Lin described RFID sales cycles as long, citing UNIQLO, the Japanese apparel chain among the earliest large scale adopters of item level tagging, as taking about four years from first contact to visible results. The average for US logistics and retail customers is similar.

The revenue mix has moved accordingly. In the first half of 2026, apparel accounted for 37% of revenue, retail 26%, logistics 27% and other categories 10%. For full year 2025 the same split was apparel 47%, retail 16%, logistics 27% and other 10%. Retail is the share that climbed sharply while apparel’s fell. This is a revenue split, not a unit split: investor notes from the September briefing put first half 2026 shipment volumes at apparel 10%, retail 27%, logistics 26% and other 37%, a different measure of the same business. Over the next five years Lin expects retail and apparel to remain the largest applications by size, with logistics growing fastest and fresh produce tagging opening substantial new business.

Tariffs, margin and capacity

Margin tells a less comfortable story than revenue. Investor notes from the September briefing, compiled by third parties rather than published by Arizon, put first half 2026 gross margin at 22.3%, down from 29.0% in the first half of 2025. US tariffs took effect in April 2025, so the 2026 half was affected throughout while the 2025 comparison period was not. The direction within 2026 is upward: a 19.3% gross margin in Q1 recovered to 24.6% in Q2. The same material says tariffs shrank the RFID market by more than 2 billion units in 2025 on a unit basis, although Arizon’s own shipments held steady.

Arizon built a plant in Hanoi, Vietnam, between August and October 2025, and the site gained ARC certification in February 2026. ARC is Auburn University RFID Lab’s tag performance certification programme, which grades inlays against standardised use cases, and passing it is in practice a prerequisite for supplying large retailers. Hanoi capacity reportedly reached close to full quickly, with group utilisation around 80%. Manufacturing and R&D now spans Taipei, Yangzhou, Houston, Vancouver, Hanoi and a Maine site added in 2026. Cumulative shipments are given as more than 33 billion inlays, against more than 800 patents worldwide.

Fresh meat read rates and ambient IoT

Fresh food is where the briefing material got technical. A large US retailer began trialling RFID tracking of fresh meat in 2025. Legacy tags read below 60% in that setting, which is what water-rich product and dense stacking do to UHF performance. After a redesigned tag went in during Q2 2026, every test read above 90%, including Arizon’s internal 9x9x9 stacking test, which is harder than the retailer’s 6x6x6 case. The design is specified to work through pre-cooling at origin, cold chain transport and in-store chillers, and to survive microwave defrost.

Separately, Arizon has ambient IoT running in roughly 500 stores with millions of devices, and targets expansion to 4,600 stores by the end of 2026. Ambient IoT covers battery-free devices that harvest energy from ambient radio signals and report more than a plain passive tag can. The briefing put per item cost at under US$0.05 for passive RFID against about US$0.10 for ambient IoT.

What the filing does not say

The 10 November 2026 filing carries no RFID commentary, no customer names and no outlook, and Arizon published it without a results call. MoneyDJ headlines point to the fourth quarter being a traditional peak season and to the company being upbeat on logistics and retail, but no detail behind that was released. The quarterly split above is derived, the margins are calculated, and the operational detail comes from the September 2026 briefing, not the November filing.

This article first appeared on RFID News (rfidnews.co.uk), the independent news site for RFID and NFC. Republication and AI use are welcome with RFID News credited as the source and a link to the original.