Sysgration Ltd.

Sysgration Ltd. (TPEX: 5309) reported consolidated revenue of NT$319 million for July 2026, up 8.50% MoM and 29.20% YoY, marking a new record high for monthly revenue. Cumulative revenue for the first seven months of 2026 reached NT$2,089 million, up 6.98% YoY, also setting a record high for the corresponding period. Sysgration stated that the record-high revenue in July was primarily driven by continued shipment ramp-up of industrial PC (IPC) and drone products, together with a simultaneous recovery in tire pressure monitoring system (TPMS) demand across both the original equipment (OE) and aftermarket (AM) segments, supporting a steady expansion in the company’s overall operating scale.

Looking at the product mix in July, IPC and drone products accounted for approximately 40% of total revenue, TPMS contributed another 40%, while the remaining 20% came from power and energy system products. For TPMS, both the OE and aftermarket AM segments recorded growth in July. In the OE segment, growth was supported by existing electric vehicle customers as well as new U.S. EV customers gradually entering mass production. In the AM segment, order momentum recovered as replacement cycles came due and penetration of retrofit products continued to increase.

TPMS has become a regulatory standard across major automotive markets worldwide, driving continued expansion in the addressable market. According to research by Mordor Intelligence, the global automotive TPMS market is projected to grow from US$7.12 billion in 2025 to US$7.69 billion in 2026 and reach US$11.31 billion by 2031. North America remained the largest revenue-contributing region in 2025, accounting for approximately 36.12% of the global market, primarily driven by high TPMS adoption rates among light-duty vehicles and a well-established aftermarket supply chain. Meanwhile, commercial fleet operators are also increasingly retrofitting Class 8 tractors with TPMS, with retrofit penetration in the region expected to reach as high as 40%. Sysgration launched the world’s first Bluetooth TPMS (BLE TPMS) as early as 2015 and has since secured more than 100 patents across the U.S., Europe, Japan, South Korea, China, and Taiwan. The company currently ranks among the world’s top five TPMS manufacturers and continues to advance toward its goal of becoming a top-three global player.

Market noted that Sysgration’s record-high monthly revenue in July indicates that IPC and TPMS have emerged as two key growth pillars supporting the company’s operations. Meanwhile, product validation with European OE customers continues to progress, laying the groundwork for potential TPMS orders going forward.  Market is also positive on the upcoming mass production of BBU products (Battery Backup Units) for AI server, which is expected to contribute to double-digit revenue growth this year. With multiple growth drivers gaining momentum, Sysgration is targeting sequential quarterly revenue growth in the second half of 2026.

Sysgration’s Consolidated Revenue Summary for July 2026:  Unit: NT$ million; ％