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

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