Asia Pacific Wire & Cable Corporation Limited: APWC Announces Financial Results for the Second Quarter of 2026
Asia Pacific Wire & Cable (APWC, NASDAQ: APWC) reported Q2 2026 results for the quarter ended June 30. Revenue rose to $136.6 million, up 4% sequentially and 8% year over year. Operating profit increased to $3.4 million (+36% YoY). EPS was $0.01, down 80% QoQ and 67% YoY. Cash flow from operations was -$18.0 million.
How this was made
The 30-second read
Why it matters
Traders should focus on the mix of revenue growth versus profitability and cash conversion: EPS fell sharply, gross margin improved YoY, and operating cash flow turned negative amid higher raw material costs and inventory accumulation.
Market read
Q2 2026 shows copper-price-supported revenue growth but weaker EPS and negative operating cash flow, signaling potential margin and working-capital headwinds.
What to watch
Operating cash flow swung to a $18.0M outflow, inventory rose $20.7M, and receivables increased to $112.7M, which can pressure near-term liquidity and future earnings conversion even if revenue is growing.
Background
APWC is a wire and cable manufacturer/distributor with exposure to copper prices and public-sector contract execution across Asia Pacific markets.
Ticker impact
APWC reported Q2 2026 revenue of $136.6M (+8% YoY) but EPS fell to $0.01, down 80% QoQ and 67% YoY.
Near-term volatility likely as investors weigh revenue growth versus margin/EPS compression and cash outflow.
The release provides multiple decision-relevant datapoints: EPS collapse, operating profit up 36% YoY, gross margin at 8.1%, and operating cash flow outflow of $18.0M, plus inventory and receivables build.
Market effects
Wire and cable demand appears linked to public-sector contract execution and copper price levels, with working-capital intensity rising via inventory builds.
North Asia and Thailand strength is offset by ROW weakness attributed to temporary Singapore constraints.
Copper price sensitivity suggests broader commodity-driven margin and volume effects could influence peers’ near-term expectations.
Counterpoint
Operating profit rose 36% YoY and gross margin expanded to 8.1%, so the EPS drop may reflect quarter-specific share count and financing/working-capital effects rather than a structural demand collapse.
Key entities
- companyAsia Pacific Wire & Cable Corporation Limited
NASDAQ-listed wire and cable company reporting Q2 2026 financial results.
- companyPacific Electric Wire & Cable Co., Ltd.
Controlling shareholder referenced as a source of distributed products.

