Advantech Due Diligence
Run due diligence on Advantech: check compliance and get alerts when suppliers change.
Taiwan · www.advantech.com · 24 vendors
Advantech Co., Ltd. is a global leader in providing innovative embedded and automation products and solutions. The company offers comprehensive system integration, hardware, software, and customer-centric design services. It specializes in IoT intelligent systems, embedded platforms, and industrial automation, aiming to enable an intelligent planet through its offerings in industrial IoT, edge computing, and AI solutions.
Resilience scores
- Digital Sovereignty: 0
- Digital Resilience: 8
- Financial Resilience: 9
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Services catalogue
2 services in catalogue across 1 category; runs on 24 sub-vendors.
- Industrial computing
- Network appliances
Insights
Last updated 2026-07-16 · revision 1
24 direct vendors, 220 subvendors
Direct vendors by controlling owner country (sample)
- Denmark: 2
- France: 1
- Finland: 1
Subvendors by controlling owner country (sample)
- Japan: 4
- Denmark: 2
- Singapore: 1
Compliance
13 in-scope frameworks identified; showing 3.
Cyber Resilience Act (source) — No public evidence
Evidence: https://www.advantech.com/en-us/products/network-security-appliances/sub_dc6169ba-2ece-4376-a1bc-0f418ef229e6, https://www.advantech.com/en-us/products/industrial-ethernet-switches/sub_1-2mljyv, https://www.advantech.com/en-us/about, https://www.advantech.com/en-us/products/cellular-routers-and-gateways/sub_229c0d15-43ae-4020-9a27-62d036be15c8
GDPR (source) — Evidence found
Evidence: https://www.advantech.com/en-us/legal/privacy, https://www.advantech.com/en-us/about, https://www.advantech.com/en-us/legal/privacy/ccpa-do-not-sell, https://esg.advantech.com/en-us/operation-and-governance/information-security-management
IEC 62443 (source) — No public evidence
Evidence: https://www.advantech.com/en-us/products/webaccess-software-edge-srp/sub_5d88a401-7766-439c-868e-bc4128e5b079, https://www.advantech.com/en-us/solutions/energy-and-utilities, https://www.advantech.com/en-us/products/automation-controllers-i-o/sub_1-2mlf31
Financials
Three-year financials
- 2023: revenue NT$64.5B, EBIT NT$11.5B, equity NT$50B
- 2022: revenue NT$68.4B, EBIT NT$12.4B, equity NT$47B
- 2021: revenue NT$58.6B, EBIT NT$10.5B, equity NT$41B
Financial Resilience Score: 9/10
Advantech demonstrates an exceptionally robust financial profile characterized by consistently high operating margins near 17-19%, which is unusually strong for a hardware-oriented industrial-electronics business. This reflects the company's differentiated product mix of application-specific, higher-mix/lower-volume products and strong pricing power in niche markets. Return on Equity has typically run in the 20-25% range historically, placing Advantech among the strongest performers in Taiwan's tech mid-caps. The balance sheet is particularly strong, with Advantech historically operating with very low financial leverage and maintaining a net cash position as the norm. Equity funding dominates the capital structure, providing significant financial flexibility. The company's long track record of high cash-dividend payouts (typically ~70-80% of prior-year earnings) signals confidence in cash generation and shareholder-friendly capital allocation. Diversification across end-markets (factory automation, healthcare, retail, transportation, energy, semiconductor equipment), geographic regions, and a customer base where no single customer represents more than ~5% of revenue further enhances resilience. While cyclical exposure to semiconductor capex and China-related geopolitical risks warrant monitoring, there are no material solvency or liquidity concerns based on the public record.
Key strengths: Consistent operating margin of 17-19%, unusually high for industrial hardware, Historical ROE of 20-25%, among strongest in Taiwan tech mid-caps, Very low financial leverage with net cash position, High dividend payout ratio of 70-80% of prior-year earnings, Diversified end-markets across automation, healthcare, retail, transportation, Customer diversification with no single customer >5% of revenue, Strong geographic diversification across Americas, Europe, Asia, Sticky design-in relationships providing recurring revenue
Risk factors: China exposure via Kunshan manufacturing and Chinese customer base amid US-China trade tensions, Cyclicality tied to semiconductor capex and industrial inventory cycles, FX volatility from USD revenues versus TWD reporting, Competitive intensity from Kontron, Chinese local rivals, and larger players like Siemens and Beckhoff, Talent and R&D cost inflation in Taiwan, Channel-inventory digestion cycles affecting near-term revenue
Revenue by geography
- North America: 30%
- China: 22%
- Europe: 20%
- Rest of Asia: 18%
- Taiwan: 10%
Revenue by product/service
- Embedded-IoT (EIoT): 34%
- Service-IoT (SIoT): 33%
- Industrial-IoT (IIoT): 33%
Workforce by country
- Global: 8500
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