Taiwan · Delayed Price · Currency is TWD ChipMOS TECHNOLOGIES INC. Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw record revenue and profit growth, driven by strong memory and automotive demand, improved margins, and robust operating leverage. CapEx was raised above 25% of revenue to support expansion in memory, logic, and AI ASIC, with further growth expected in H2 2026.
Fiscal Year 2025
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Q4 and full year 2025 saw record revenue growth, driven by strong memory demand in AI and data centers, with improved profitability and robust cash flow. Outlook remains optimistic for 2026, with continued investment in capacity and cost-effective innovations like silver alloy bumping.
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Q3 2025 delivered strong revenue and margin growth, led by robust memory demand for AI and data centers. Memory products outperformed, while DDIC and gold bumping segments softened year-over-year. Management remains cautious on consumer demand but optimistic about memory momentum.
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Q2 2025 saw revenue rise 3.7% sequentially, driven by strong memory demand, but net loss reached NT$533 million due to significant FX losses and margin pressure. Management expects memory momentum and OSAT price hikes to support Q3, while maintaining a conservative CapEx and stable dividend policy.
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Q1 2025 saw a 2.5% revenue increase sequentially, with stable gross margin and improved utilization rates. Memory products outperformed, and a conservative CapEx strategy was maintained amid trade policy uncertainties. Dividend and share repurchase programs were approved.
Fiscal Year 2024
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Revenue grew 6.3% year-over-year in 2024, but Q4 saw an 11% sequential decline and gross margin compression. Net profit fell 25% for the year, with cautious 2025 guidance amid ongoing inventory adjustments, tariff impacts, and a focus on shareholder returns.
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Q3 2024 saw revenue and EBITDA growth, but net profit declined due to adverse FX impacts and higher non-operating expenses. The outlook for Q4 is cautious amid ongoing inventory adjustments, with CapEx and dividend policies maintained.
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Q2 2024 saw strong revenue and profit growth, with improved utilization and robust performance in automotive, OLED, and DDIC segments. Gross margin was pressured by higher costs, but outlook for H2 remains positive with targeted CapEx and margin improvement initiatives.