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Earnings Call Summary | ChipMOS TECHNOLOGIES(IMOS.US) Q1 2024 Earnings Conference

Futu News ·  May 14 03:41  · Conference Call

The following is a summary of the ChipMOS TECHNOLOGIES INC. (IMOS) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • In Q1 2024, ChipMOS reported a 17.7% yearly increase in revenue, though quarter-on-quarter, there was a 5.4% reduction.

  • Gross margin saw an annual rise, up to 14.2% from 12.4% in Q1 2023, but decreased when compared to Q4 2023.

  • There was a significant increase in Net Earnings, more than double the figure for the previous year.

  • Total revenue for the period was NT$5,419 million, with net profit at NT$438 million, and EBITDA standing at NT$1,544 million.

Business Progress:

  • Different verticals contributed to the revenue differently: Assembly (25.6%), mixed-signal and memory testing (20.4%), wafer bumping (21.3%), and DDIC product (32.5%).

  • Automotive panels demand drove 27% of the DDIC revenue and memory products represented 39.2% of total Q1 revenue.

  • Revenue from Memory products and Flash saw positive growth on both yearly and quarterly basis.

  • ChipMOS is committed to careful CapEx additions, strategically planning a high-end test platform for their DDIC in H2 2024.

  • A dividend of NT$1.8 per common share has been proposed for the May 2024 AGM, reflecting the company's strong market position and commitment to shareholder value.

More details: ChipMOS TECHNOLOGIES IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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