Largan Precision Co., a Taiwanese smartphone camera lens maker, reported a 28.87% year-on-year increase in Q1 consolidated revenue, reaching NT$14.58 billion (US$438.81 million).

This beat forecasts from Capital Investment Management Corp and SinoPac Securities Investment Service Corp, which estimated NT$14.3 billion (US$430.38 million) and NT$13.77 billion (US$414.43 million), respectively.

However, revenue dropped 19.4% from the previous quarter’s NT$18.21 billion (US$548.06 million) due to seasonal trends.

Last year’s earnings per share hit NT$194.17 (US$5.84), the highest since 2019, driven by better high-resolution camera technology and adoption of periscope and telephoto lenses.

Largan is exploring lens designs for humanoid robots and factory automation, expanding beyond smartphones.