Ac t i o n | 09 Jul 2026 07:52:49 ET │ 17 pages Largan Precision (3008.TW) Phone camera upgrade + Fiber Array upside CITI'S TAKE Largan's 2Q26 earnings at NT$4.7bn (down 24% QoQ, up 352% YoY) was inline with market expectation but lower than our estimate due to smartphone model transition. GM/OPM at 49.4%/37.7% in 2Q26, which is flat QoQ despite smaller scale. The management guides sequentially MoM revenue growth in July/Aug and seeing new flagship smartphone order flow resilient YoY in 2H26. During the ear ...