The following is a summary of the ChipMOS TECHNOLOGIES INC. (IMOS) Q2 2024 Earnings Call Transcript:
Financial Performance:
Q2 2024 revenue grew 7.2% compared to Q1 2024 and increased 6.7% year-over-year, reaching TWD5,810 million.
Gross margin in Q2 2024 remained flat sequentially but decreased 330 basis points year-over-year.
Net profit for Q2 2024 was TWD451 million, up from TWD430 million in Q1 2024.Operating profit was affected, with a margin of 6.4%, slightly down from Q1 2024.
Business Progress:
Expanded assembly utilization to 65% and average test utilization to 67%, with an overall improvement in utilization rates.
Outlined strategic investments in memory and DDIC test platforms to meet DDR4 and DDR5 memory upgrade demands.
Planning to acquire an idle factory to expand test capacity for automotive panels and OLED in support of business growth.
Opportunities:
Growth momentum in automotive panel and OLED sectors, with increased demand for high-end DDIC test platforms.
Steady increase in DRAM and Flash products, aided by improving market conditions and consumer restocking behaviors.
Risks:
Gross margins negatively impacted by higher costs such as increased electricity rates and salaries despite higher utilization rates.
Heavily dependent on market stabilization and consumer restocking which pose uncertainties.
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.
