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Taiwan fabless chipmaker best known for PC audio/networking chips, now broad across Ethernet, Wi-Fi and multimedia SoCs.
Taiwan fabless chipmaker best known for PC audio/networking chips, now broad across Ethernet, Wi-Fi and multimedia SoCs.
Designs low-cost chips that a PC or router maker picks once for a platform and re-orders in large volume, so revenue follows PC, networking and consumer-electronics unit sales rather than any single product. Its chips are made by outside foundries, mostly TSMC, and sold largely through distributors.
In one line: Taiwan's Broadcom for consumer networking/audio chips.
Moat: narrow (scale, IP / patents, installed base). Dominant, near-standard share in PC audio codecs and Ethernet controllers built up over two decades.
Headquarters: Hsinchu, Taiwan · Founded: 1987
Size Realtek Semiconductor (2379.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $11.0B, the 52nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$708.00 on 6 Nov 2026.
Performance Over six months the shares gained 32.8%, against -15.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue grew 12.4% over the last twelve months (peer median +35.8%); the operating margin is 10.5% (peer median 8.6%).
Valuation It trades at 19.9× forward earnings against a peer median of 40.2× (5th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.7 points above its cost of capital (6.5% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$138B | NT$123B | NT$113B | NT$95.2B | NT$112B |
| Revenue growth | — | +8% | +19% | -15% | — |
| Gross profit | NT$67.6B | NT$59.2B | NT$55.3B | NT$39.0B | NT$53.0B |
| EBITDA | n/a | NT$18.1B | NT$16.8B | NT$9.68B | NT$18.5B |
| Net income | NT$14.9B | NT$14.8B | NT$15.3B | NT$9.15B | NT$16.2B |
| Free cash flow | n/a | NT$20.4B | NT$23.6B | NT$15.0B | NT$16.2B |
| Capital expenditure | n/a | NT$4.73B | NT$3.99B | NT$3.63B | NT$4.73B |
| Total debt | n/a | NT$11.4B | NT$5.98B | NT$8.03B | NT$16.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Realtek Semiconductor 2379.TW | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% |
| Mediatek 2454.TW | $164B | +7% | +6% | 15% | 24.7× | 40.7% |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
| Qualcomm QCOM | $177B | -24% | +2% | 24% | 17.0× | 15.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2379.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -21.4% | 6th highest of 20 |
| 6-month return | +32.8% | -15.2% | highest of 19 |
| Distance from 52-week high | -27.0% | -48.5% | 3rd highest of 21 |
| Revenue growth (TTM) | +12.4% | +35.8% | 4th lowest of 21 |
| Operating margin | 10.5% | 8.6% | 9th highest of 21 |
| Forward P/E | 19.9× | 40.2× | 5th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 8.4% | 37.9% | 2nd least demanding of 9 |
| Growth delivered (Del g) | +9.6% | +15.3% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | -1.2 pp | +18.8 pp | 2nd least demanding of 9 |
| ROIC minus cost of capital | +14.7 pp | -2.7 pp | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Realtek Semiconductor 2379.TW | Taiwan | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% | +9.6% |
| Yuanjie Semiconductor Technology 688498.SS | China | $11.2B | -45% | +300% | 64% | 60.1× | n/a | n/a |
| TongFu Microelectronics 002156.SZ | China | $10.5B | -15% | +21% | 7% | 28.7× | n/a | n/a |
| Fabrinet FN | United States | $11.7B | -47% | +43% | 10% | 15.6× | n/a | n/a |
| Cansemi Technology 301660.SZ | China | $11.8B | n/a | +54% | -99% | n/a | n/a | n/a |
| National Silicon Industry 688126.SS | China | $10.2B | 0% | +33% | -41% | n/a | n/a | n/a |
| Shenzhen Longsys Electronics 301308.SZ | China | $12.3B | -46% | +114% | 40% | 5.1× | n/a | n/a |
| China Resources Microelectronics 688396.SS | China | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% | +9.7% |
| SiTime SITM | United States | $12.5B | -30% | +83% | 0% | 23.1× | n/a | n/a |
| Semtech SMTC | United States | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% | +12.0% |
| Nexchip Semiconductor 2249.HK | Hong Kong | $9.55B | n/a | +20% | 7% | 50.2× | n/a | n/a |
| Xi'an ESWIN Material Technology 688783.SS | China | $9.34B | -36% | +25% | -25% | n/a | n/a | n/a |
| Novatek Microelectronics 3034.TW | Taiwan | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% | +4.7% |
| Rockchip Electronics 603893.SS | China | $13.4B | +16% | +39% | 27% | 49.1× | 39.3% | +18.7% |
| United Nova Technology 688469.SS | China | $8.92B | +4% | +42% | -10% | 102.1× | n/a | n/a |
| JCET 600584.SS | China | $14.1B | +15% | +4% | 6% | 40.2× | n/a | n/a |
| LONGi Green Energy Technology 601012.SS | China | $14.1B | -25% | -16% | -12% | n/a | n/a | n/a |
| ASPEED Technology 5274.TWO | Taiwan | $14.3B | -30% | +40% | 53% | 41.1× | 41.3% | +24.3% |
| SG Micro 300661.SZ | China | $8.33B | -12% | +46% | 17% | 55.7× | 35.9% | +26.7% |
| VeriSilicon Microelectronics (Shanghai) 688521.SS | China | $8.31B | -63% | +39% | -23% | n/a | 40.5% | +15.9% |
| Technoprobe TPRO.MI | Italy | $14.9B | +5% | +22% | 30% | 38.4× | 36.4% | +14.6% |