Taiwan · Delayed Price · Currency is TWD Delta Electronics Earnings Call Transcripts
Fiscal Year 2025
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Q4 and full-year results set new records for revenue and profit, driven by strong data center and infrastructure demand. AI-related segments and power electronics are expected to fuel growth in 2025, while ongoing investments in R&D and capacity expansion continue.
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Q3 delivered record revenue and profit growth, led by data center and infrastructure demand, while Mobility and Automation segments remained weak. Gross margin dipped slightly due to product mix, and CapEx will remain elevated to support capacity expansion and automation.
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Q2 revenue, gross profit and operating margin reached records, with strong data-center demand supporting growth. H2 is expected to outperform H1 if conditions remain smooth, while tariffs, mobility weakness and cooling adoption remain uncertainties.
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Q1 2025 saw record revenue and strong profit growth, driven by robust data center demand, especially in power and cooling. Gross and operating margins improved, while tariffs and global uncertainties pose ongoing risks. AI and sustainability remain key strategic focuses.
Fiscal Year 2024
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Q4 revenue grew 14% year-over-year, led by data center and power electronics, but net profit fell due to impairments and higher OpEx. Full-year results showed 5% revenue and net profit growth, with strong AI and data center demand expected to continue amid supply chain and tariff uncertainties.
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Q3 saw record operating and net profit margins, driven by strong power electronics and infrastructure performance, with continued growth expected in AI-driven segments. Gross margin benefited from inventory reversals, while CapEx and R&D spending increased.
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Q2 saw strong sequential and year-on-year growth in revenue, profit, and margins, with all segments improving sequentially. Management expects a stronger second half, though macroeconomic and market uncertainties persist, especially in EV and China.