Hong Kong · Delayed Price · Currency is HKD Hua Hong Semiconductor Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 revenue and gross margin hit record highs, driven by strong demand and capacity expansion. Full-year results met expectations, with growth in power management and MCU segments. Outlook for Q1 2026 remains positive, with continued focus on specialty technologies and domestic equipment sourcing.
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Q3 2025 saw record revenue and margin growth, driven by strong demand, higher ASPs, and high fab utilization. Strategic expansion and acquisition are set to boost capacity and profitability, while AI and new technology platforms fuel future growth.
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Q2 2025 saw revenue and gross margin growth, with strong demand and record capacity utilization. Guidance for Q3 projects further revenue and margin gains, supported by price adjustments and efficiency improvements, while risks include global trade tensions and pricing pressure in some segments.
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Q1 2025 revenue grew 17.6% year-over-year to $540.9 million, with gross margin at 9.2%. Capacity expansion and product mix optimization continued, while tariff and supply chain risks remain manageable. Q2 revenue is guided at $550–$570 million, with gross margin of 7–9%.
Fiscal Year 2024
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Q4 2024 revenue rose 18.4% YoY to $539M, but net loss reached $96.3M due to FX losses and higher costs. Full-year revenue was $2.004B, with a net loss of $140.4M. 2025 guidance anticipates flat to modest growth, margin recovery, and continued R&D and capacity expansion.
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Q3 2024 saw revenue of $526.3M and a 12.2% gross margin, both above guidance, with strong capacity utilization and sequential growth. The new Wuxi fab is on track, and Q4 revenue is guided at $530–$540M. Power discrete remains weak, but analog, logic, and RF segments are strong.
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Q2 2024 revenue reached $478.5M with gross margin at 10.5%, both up sequentially but down year-over-year. Utilization rates are at or above 100%, and ASPs are expected to rise in H2 2024. The second 12-inch fab is on track for trial production by year-end.