The following is a summary of the ChipMOS TECHNOLOGIES INC. (IMOS) Q1 2024 Earnings Call Transcript:
Financial Performance:
In Q1 2024, ChipMOS reported a 17.7% yearly increase in revenue, though quarter-on-quarter, there was a 5.4% reduction.
Gross margin saw an annual rise, up to 14.2% from 12.4% in Q1 2023, but decreased when compared to Q4 2023.
There was a significant increase in Net Earnings, more than double the figure for the previous year.Total revenue for the period was NT$5,419 million, with net profit at NT$438 million, and EBITDA standing at NT$1,544 million.
Business Progress:
Different verticals contributed to the revenue differently: Assembly (25.6%), mixed-signal and memory testing (20.4%), wafer bumping (21.3%), and DDIC product (32.5%).
Automotive panels demand drove 27% of the DDIC revenue and memory products represented 39.2% of total Q1 revenue.
Revenue from Memory products and Flash saw positive growth on both yearly and quarterly basis.
ChipMOS is committed to careful CapEx additions, strategically planning a high-end test platform for their DDIC in H2 2024.
A dividend of NT$1.8 per common share has been proposed for the May 2024 AGM, reflecting the company's strong market position and commitment to shareholder value.
More details: ChipMOS TECHNOLOGIES IR
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