IMOS
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Earnings documents stored for IMOS.
Investor releaseQuarter not tagged2026-03-06ChipMOS TECHNOLOGIES Inc (IMOS) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
GuruFocus.com
ChipMOS TECHNOLOGIES Inc (IMOS) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
This article first appeared on GuruFocus. Q4 Revenue: NTD6,521 million, up 6.1% from Q3 and 20.8% year-over-year. 2025 Annual Revenue: NTD23,933 million, increased 5.5% compared to 2024. Q4 Gross Margin: 14.3%, increased 190 basis points from Q3. Q4 Net Earnings: NTD0.72 per basic common share. 2025 Net Earnings: NTD0.70 per basic common share, decreased from NTD1.95 in 2024. Q4 Operating Profit Margin: 9.7%, increased 3.7 percentage points from Q3. Q4 Net Profit: NTD500 million, increased 41.9% from Q3. Q4 Memory Product Revenue: Just under 50% of total revenue, increased 8% from Q3 and over 55% year-over-year. Q4 DRAM Revenue: About 20% of total revenue, increased 20% from Q3. Q4 Flash Revenue: About 29% of total revenue, up 1.6% from Q3 and over 46% year-over-year. Q4 Automotive and Industrial Revenue: Just under 27% of total revenue, up 13.4% from Q3 and over 27% year-over-year. Cash and Cash Equivalents: NTD14,859 million as of December 31, 2025. 2025 CapEx: NTD3,666 million. 2025 Free Cash Flow: NTD1,555 million, compared to a net outflow of NTD938 million in 2024. Warning! GuruFocus has detected 7 Warning Signs with IMOS. Is IMOS fairly valued? Test your thesis with our free DCF calculator. Release Date: February 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ChipMOS TECHNOLOGIES Inc (NASDAQ:IMOS) achieved a record quarterly high revenue since Q3 2022, with Q4 revenue up over 6% compared to Q3, and up nearly 21% on a year-over-year basis. The company reported a strong demand for high-value memory solutions, particularly in data center and AI-related applications, which drove revenue growth. Q4 Gross Margin increased by 190 basis points quarter-over-quarter to 14.3%, driven by a favorable product mix and assembly utilization levels. The company is prioritizing critical growth programs and customer commitments while maintaining a strong balance sheet. ChipMOS TECHNOLOGIES Inc (NASDAQ:IMOS) plans to distribute NTD1.23 per common share by Capital Surplus, pending shareholder approval, as part of its shareholder-friendly capital allocation plan. The company's net profit in 2025 decreased by 65.1% compared to 2024, primarily due to increased net non-operating expenses and decreased operating profit. Q4 2025 net non-operating expenses were NTD24 million compared to net non-operating income in Q4...
Investor releaseQuarter not tagged2026-02-24ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
PR Newswire
ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Surge in Memory Demand Drives 20.8% Increase in 4Q25 Revenue Compared to 4Q24 81.7% Expansion of 4Q25 Gross Profit Compared to 4Q24 4Q25 Net Earnings of NT$0.72 or US$0.02 per Basic Common Share or US$0.46 per Basic ADS Compared to 4Q24 Net Earnings of NT$0.32 or US$0.01 per Basic Common Share or US$0.20 per Basic ADS NT$1,554.8 Million or US$49.6 Million Net Free Cash Inflow for the full year 2025 Revenue Growth and Prudent CapEx Further Strengthen Financial Position with Cash and Cash Equivalents Balance of NT$14,858.9 Million or US$473.7 Million Distributed of NT$1.23 per Common Share by Capital Surplus Authorized by Board Pending Shareholder Approval at May 2026 AGM HSINCHU, Feb. 24, 2026 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the fourth quarter and the full year ended December 31, 2025, with strong growth driven by improving demand for high-value memory solutions, particularly in datacenter and AI-related applications. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.37 against US$1.00 as of December 31, 2025. All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS"). Revenue for the fourth quarter of 2025 was NT$6,521.1 million or US$207.9 million, an increase of 6.1% from NT$6,143.7 million or US$195.8 million in the third quarter of 2025 and an increase of 20.8% from NT$5,399.6 million or US$172.1 million for the same period in 2024. Revenue for the fiscal year ended December 31, 2025 was NT$23,932.9 million or US$762.9 million, an increase of 5.5% from NT$22,695.9 million or US$723.5 million for the fiscal year ended December 31, 2024. Net non-operating expenses in the fourth quarter of 2025 was NT$23.8 million or US$0.8 million, compared to net non-operating income of NT$68.5 million or US$2.2 million in the third quarter of 2025, and net non-operating income of NT$154.6 million or US$4.9 million in the fourth quarter of 2024. The difference between the third quarter of 2025 is mainly due to the increase of share of loss of associates accounted for using equity method of NT$99 million or US$3.2 million. The difference b...
Investor releaseQuarter not tagged2026-02-24ChipMOS TECHNOLOGIES Q4 Net Earnings, Revenue Increase
MT Newswires
ChipMOS TECHNOLOGIES Q4 Net Earnings, Revenue Increase
ChipMOS TECHNOLOGIES (IMOS) reported Q4 net earnings Tuesday of 0.72 New Taiwan dollars ($0.02) per
Investor releaseQuarter not tagged2026-02-04ChipMOS Schedules Fourth Quarter and Full Year 2025 Financial Results Conference Call
GlobeNewswire
ChipMOS Schedules Fourth Quarter and Full Year 2025 Financial Results Conference Call
HSINCHU, Taiwan, Feb. 04, 2026 (GLOBE NEWSWIRE) -- ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report fourth quarter and full year 2025 results and host a conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, February 24, 2026. Investors and analysts are encouraged to participate using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website. Date: Tuesday, February 24, 2026 Time: 3:00PM Taiwan (2:00AM New York) Dial-In: +886-2-3396 1191 Password: 1048024 # Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx Replay: Starts Approximately 2 hours after the live call ends Language: Mandarin Note: A transcript will be provided on the Company’s website in English following the conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment. Contacts:
Investor releaseQuarter not tagged2025-11-13ChipMOS TECHNOLOGIES Inc (IMOS) Q3 2025 Earnings Call Highlights: Record Revenue and Strategic ...
GuruFocus.com
ChipMOS TECHNOLOGIES Inc (IMOS) Q3 2025 Earnings Call Highlights: Record Revenue and Strategic ...
This article first appeared on GuruFocus. Release Date: November 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ChipMOS TECHNOLOGIES Inc (NASDAQ:IMOS) reported a 7.1% increase in revenue compared to Q2, marking the highest revenue level since Q3 2022. Gross margin improved significantly to 12.4%, up 580 basis points from Q2. Memory product revenue increased by 16% compared to Q2 and 35% year-over-year, driven by strong demand in AI, computing, and data centers. The company achieved a net profit of NT dollar $352 million in Q3, a significant turnaround from a loss in Q2. ChipMOS TECHNOLOGIES Inc (NASDAQ:IMOS) maintained a strong balance sheet, with strategic CapEx investments supporting growth programs and shareholder value. Despite revenue growth, the gross margin of 12.4% was still lower compared to the same quarter last year, indicating potential cost pressures. Operating expenses, although decreased compared to Q2, still represented 6.7% of total revenue. The company faced a decrease in DDIC revenue, which was down about 22% year-over-year. Flash momentum showed signs of slowing down due to customer stock adjustments. The company expressed concerns over global economic uncertainties, including trade, tariffs, jobs, and inflation, which could impact future demand. Warning! GuruFocus has detected 14 Warning Signs with IMOS. Is IMOS fairly valued? Test your thesis with our free DCF calculator. Q: Could you break down 3Q cost details and what the benefit will be in Q4 or further out as you increased memory OSAT prices in 3Q? A: Sylvia Suo, Vice President of Finance and Accounting Management Center, explained that electricity charges increased by NT dollar $78 million due to higher summer rates. Depreciation decreased by NT dollar $16 million compared to Q2 but was up NT dollar $46 million year-over-year. SJ Cheng, Chairman and President, added that material costs increased by NT dollar $13 million compared to Q2 and NT dollar $255 million year-over-year. Assembly costs increased by NT dollar $268 million year-over-year. Memory products OSAT prices were increased by 5% to 18% in Q3 to offset material cost increases. Q: Could you share the UT level or capacity outlook for 4Q25 or 2026? A: SJ Cheng, Chairman and President, stated that the memory market outlook for next year is positive, including HBM...
Investor releaseQuarter not tagged2025-11-11ChipMOS REPORTS THIRD QUARTER 2025 RESULTS
PR Newswire
ChipMOS REPORTS THIRD QUARTER 2025 RESULTS
7% Increase in 3Q25 Revenue Compared to 2Q25 101% Expansion of 3Q25 Gross Profit Compared to 2Q25 Overall Utilization Rate Increased to 66% from 65% in 2Q25 Net Earnings of NT$0.50 or US$0.02 per Basic Common Share or US$0.33 per Basic ADS Compared to Net Losses of NT$0.75 or US$0.02 per Basic Common Share or US$0.49 per Basic ADS NT$1,520.5 Million or US$50 Million Net Free Cash Inflow for the First Nine Month of 2025 Revenue Growth and Prudent CapEx Further Strengthen Financial Position with Cash and Cash Equivalents Balance of NT$12,977.0 Million or US$426.0 Million HSINCHU, Nov. 11, 2025 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the third quarter ended September 30, 2025. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.46 against US$1.00 as of September 30, 2025. All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS"). Revenue for the third quarter of 2025 was NT$6,143.7 million or US$201.7 million, an increase of 7.1% from NT$5,735.8 million or US$188.3 million in the second quarter of 2025 and an increase of 1.2% from NT$6,068.0 million or US$199.2 million for the same period in 2024. Net non-operating income in the third quarter of 2025 was NT$68.5 million or US$2.2 million, compared to net non-operating expenses of NT$682.2 million or US$22.4 million in the second quarter of 2025, and net non-operating expenses of NT$65.3 million or US$2.1 million in the third quarter of 2024. The difference primarily reflects the impact of foreign exchange. The Company had foreign exchange gains of NT$84 million or US$2.8 million in the third quarter of 2025, compared to losses of NT$690 million or US$22.7 million in the second quarter of 2025, and losses of NT$73 million or US$2.4 million in the third quarter of 2024. Net profit attributable to equity holders of the Company for the third quarter of 2025 was NT$352.2 million or US$11.6 million, and NT$0.50 or US$0.02 per basic common share, as compared to net loss attributable to equity holders of the Company of NT$533.1 million or US$17.5 million, and NT$0.75 or US$0.02 per basic common...
Investor releaseQuarter not tagged2025-10-28ChipMOS SCHEDULES THIRD QUARTER 2025 FINANCIAL RESULTS CONFERENCE CALL
PR Newswire
ChipMOS SCHEDULES THIRD QUARTER 2025 FINANCIAL RESULTS CONFERENCE CALL
HSINCHU, Oct. 28, 2025 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced that it will report third quarter 2025 results and host a conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, November 11, 2025. Investors and analysts are encouraged to participate using the dial-in phone number noted below. A webcast and replay will be available on the Company's website. Date: Tuesday, November 11, 2025 Time: 3:00PM Taiwan (2:00AM New York) Dial-In: +886-2-3396 1191 Password: 3937511 # Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx Replay: Starts Approximately 2 hours after the live call ends Language: Mandarin Note: A transcript will be provided on the Company's website in English following the conference call to help ensure transparency, and to facilitate a better understanding of the Company's financial results and operating environment. About ChipMOS TECHNOLOGIES INC.: ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. Forward-Looking Statements: This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence a...
Investor releaseQuarter not tagged2025-08-13ChipMOS TECHNOLOGIES Inc (IMOS) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Margin ...
GuruFocus.com
ChipMOS TECHNOLOGIES Inc (IMOS) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Margin ...
Revenue: TWD5,736 million, increased 3.7% compared to Q1 2025. Gross Margin: 6.6%, decreased 280 basis points compared to Q1 2025. Net Loss: TWD533 million, or TWD0.75 per basic common share. EBITDA: TWD1,302 million. Operating Expenses: TWD424 million, 7.4% of total revenue, increased 3.2% compared to Q1 2025. Operating Profit: TWD21 million, with an operating profit margin of 0.4%. Net Nonoperating Expenses: TWD682 million, primarily due to foreign exchange losses. Total Assets: TWD43,521 million at the end of Q2 2025. Total Liabilities: TWD20,265 million at the end of Q2 2025. Total Equity: TWD23,256 million at the end of Q2 2025. Cash and Cash Equivalents: TWD13,662 million as of June 30, 2025. CapEx: TWD589 million in Q2 2025. Depreciation Expenses: TWD1,281 million in Q2 2025. Memory Products Revenue: 45.3% of Q2 revenue, increased 21.2% compared to Q1 2025. DRAM Revenue: 15.7% of Q2 revenue, increased 19.8% compared to Q1 2025. Flash Revenue: 29% of Q2 revenue, increased 21.7% compared to Q1 2025. Driver IC and Gold Bump Revenue: 44.7% of Q2 revenue, decreased 9.4% compared to Q1 2025. Smartphone Revenue: 37.4% of Q2 revenue, increased 7.3% compared to Q1 2025. Warning! GuruFocus has detected 8 Warning Signs with IMOS. Release Date: August 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ChipMOS TECHNOLOGIES Inc (NASDAQ:IMOS) reported a 3.7% increase in revenue compared to Q1 2025. Memory product revenue increased significantly, with a 21.2% rise compared to Q1 and a 17.6% increase year-over-year. NAND Flash revenue saw a substantial increase of 27.6% compared to Q1 and 40% year-over-year. The company is leveraging its leadership position in memory products to build long-term shareholder value. ChipMOS TECHNOLOGIES Inc (NASDAQ:IMOS) maintains a strong balance sheet, providing flexibility to support customers and growth strategies. The company reported a net loss of TWD533 million in Q2 2025, primarily due to foreign exchange losses. Gross margin decreased to 6.6% in Q2 2025 from 9.4% in Q1 2025, impacted by lower DDIC test ASP and USD depreciation. Operating profit margin dropped to 0.4% in Q2 2025 from 2.1% in Q1 2025. Revenue from Driver IC and Gold Bump decreased by 9.4% compared to Q1 2025 and 17.9% year-over-year. The company faces headwinds from macroeconomic softness in the auto and i...
Investor releaseQuarter not tagged2025-08-12ChipMOS REPORTS SECOND QUARTER 2025 RESULTS
PR Newswire
ChipMOS REPORTS SECOND QUARTER 2025 RESULTS
2Q25 Revenue Grew 3.7% Compared to 1Q25 6.6% 2Q25 Gross Margin Compared to 9.4% in 1Q25 Overall Utilization Rate Increased to 65% from 62% in 1Q25 NT$1,667.2 Million or US$57.1 Million Net Free Cash Flow for the First Half of 2025 Revenue Growth and Prudent CapEx Further Strengthen Financial Position with Cash and Cash Equivalents Balance of NT$13,661.8 Million or US$468.2 Million Distributed Cash Dividend of Approximately NT$1.23 per Common Share on July 18, 2025 and US$0.836 per ADS on July 25, 2025 HSINCHU, Aug. 12, 2025 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the second quarter ended June 30, 2025. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.18 against US$1.00 as of June 30, 2025. All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS"). Revenue for the second quarter of 2025 was NT$5,735.8 million or US$196.6 million, an increase of 3.7% from NT$5,532.3 million or US$189.6 million in the first quarter of 2025 and a decrease of 1.3% from NT$5,809.6 million or US$199.1 million for the same period in 2024. Growth was led by a further recovery in the Company's memory business. Net non-operating expenses in the second quarter of 2025 was NT$682.2 million or US$23.4 million, compared to net non-operating income of NT$82.1 million or US$2.8 million in the first quarter of 2025, and net non-operating income of NT$127.6 million or US$4.4 million in the second quarter of 2024. The difference between the second quarter and first quarter of 2025 primarily reflects a negative foreign exchange impact, with a foreign exchange loss of NT$690 million or US$23.6 million in the second quarter of 2025, a foreign exchange gain of NT$62 million or US$2.1 million in the first quarter of 2025, and a foreign exchange gain of NT$25 million or US$0.9 million in the second quarter of 2024. The year ago period also included a gain on disposal of non-current assets held for sale of NT$72 million or US$2.5 million. Net loss attributable to equity holders of the Company for the second quarter of 2025 was NT$533.1 million or US$18.3 million, and NT$0.7...
TranscriptFY2025 Q22025-08-12FY2025 Q2 earnings call transcript
Earnings source - 19 paragraphs
FY2025 Q2 earnings call transcript
Greetings, and welcome to the ChipMOS Second Quarter 2025 Results Conference Call. [Operator Instructions] I would now like to turn the conference over to Dr. G. S. Shen of ChipMOS Technologies Strategy and Investor Relations team to introduce the management team of the company in conference. Dr. Shen, you may begin.
Thank you, operator. Welcome, everyone, to ChipMOS Second Quarter 2025 Results Conference Call. Joining us today from the company are Mr. S.J. Cheng, Chairman and President; and Ms. Silvia Su, Vice President of Finance and Accounting Management Center. We are also joined on the call today by Mr. Jesse Huang, Spokesperson and Senior Vice President of Strategy and Investor Relations. S.J. will chair the meeting and review business highlights and provide more color on the operating environment. After Silvia's review of the company's key financial results, S.J. will provide our current business outlook. All company executives will then participate in an open Q&A session. Please note, we have posted a presentation on the MOPS and also on the ChipMOS website, www.chipmos.com, to accompany today's conference call. Before we begin the prepared comments, we remind you to review our forward-looking statements disclaimer, which is noted as the safe harbor notice on the second page of today's presentation and in the results press release we issued. As a reminder, today's conference call is being recorded, and a replay will be made available later today on the company's website. At this time, I'd like to now turn the call over to our company's Chairman and President, Mr. S.J. Cheng. Please go ahead, sir.
Yes. Thank you, G.S. We appreciate everyone joining our call today. Second quarter results came in as expected with strong memory product demand offsetting macro softness in auto and industrial and the higher NTD headwind. We continue to leverage our leadership position as we build long-term value for shareholders, and we will remain conservative in our CapEx spending as we keep our balance sheet strong. We are prioritizing supporting our customers, increasing market share, expanding profitability and building shareholder value. In terms of Q2 highlights, our revenue increased 3.7% compared to Q1. Q2 gross margin was 6.6%, which decreased 280 basis points compared to Q1. Q2 net losses were TWD 0.75 per share due to higher foreign exchange loss of approximately TWD 0.97 per share. In terms of the details, our overall utilization rate was 65% in Q2 with an improvement in memory products. The assembly UT was up to 64% and the average test utilization was also up to 67% in Q2. Regarding DDIC was 66% and bumping was 63%. Regarding our manufacturing business, assembly represented 27.9% of Q2 revenue led by a recovery in our memory products. Mixed signal and memory testing represented 23.9% and wafer bumping represented 23.2% of Q2 revenue. On a product basis, our DDIC product represented 23.5% of total revenue in Q2, with gold bumping representing about 21.2% of Q2 revenue. Revenue from DRAM and SRAM represented 16.3% of Q2 revenue. Our mixed signal products represented 10% of Q2 revenue. As additional color, our memory products represented 45.3% of Q2 revenue. Memory product revenue increased 21.2% compared to Q1 and increased 17.6% on a year-over-year basis. This benefited from pricing and volume. DRAM represented 15.7% of Q2 revenue and significantly increased 19.8% compared to Q1. Niche DRAM also significantly increased 29.3% compared to Q1. Flash revenue represented about 29% of Q2 revenue, which was up 21.7% compared to Q1 and was up 23.1% on a year-over-year basis. NAND Flash represented 39.6% of our Q2 Flash revenue. This is up 27.6% compared to Q1 and significantly increased around 40% on a year-over-year basis. NOR Flash increased 25.3% compared to Q1 and increased 21.2% on a year-over-year basis. Moving on to Driver IC and Gold Bump revenue. This represented about 44.7% of Q2 revenue. Headwinds included ASP and foreign exchange with revenue down 9.4% compared to Q1 and down 17.9% on a year-over-year basis. Of note, Gold Bump revenue decreased 7.6% compared to Q1 and was up 11% on a year-over-year basis. Our DDIC revenue was down 10.9% compared to Q1. Demand related to auto panels contributed more than 32% of our Q2 DDIC revenue, which down about 13.9% compared to Q1. Regarding OLED, this represented about 24.5% of our Q2 DDIC revenue and decreased 14.7% compared to Q1. On an end market basis, total revenue from automotive and industrial represented about 25.9% of Q2 revenue. This was about 1% lower than Q1. Smartphone revenue represented 37.4% of Q2 revenue and was up 7.3% compared to Q1. TV panel demand represented 11.8% of Q2 revenue, which was down 13.8% compared to Q1. Consumer-related revenue represented 20.8% and computing accounted for 4.1% of Q2 revenue, respectively. Now let me turn the call to Ms. Silvia Su to review the second quarter 2025 financial results. Silvia, please go ahead.
Thank you, S.J. All dollar amounts cited in our presentation are in NT dollars. The following numbers are based on the exchange rates of TWD 29.18 against USD 1 as of June 30, 2025. All the figures were prepared in accordance with Taiwan International Financial Reporting Standards. Referencing presentation, Page 12, consolidated operating results summary. For the second quarter of 2025, total revenue was TWD 5,736 million. Net loss attributable to the company was TWD 533 million in Q2. Net losses for the second quarter of 2025 were TWD 0.75 per basic common share or USD 0.51 per basic ADS. EBITDA for Q2 was TWD 1,302 million. EBITDA was calculated by adding depreciation and amortization together with operating profit. Return on equity in Q2 was minus 8.8%. Referencing presentation, Page 13, consolidated statements of comprehensive income. Compared to Q1 2025, total Q2 2025 revenue increased 3.7% compared to Q1 2025. Q2 2025 gross profit was TWD 379 million with gross margin at 6.6% compared to 9.4% in Q1 2025. Our operating expenses in Q2 2025 were TWD 424 million or 7.4% of total revenue, which increased 3.2% compared to Q1 2025. Operating profit for Q2 2025 was TWD 21 million, with operating profit margin at 0.4% compared to 2.1% in Q1 2025. Net nonoperating expenses in Q2 2025 was TWD 682 million compared to net nonoperating income in Q1 2025 was TWD 82 million. The difference is mainly foreign exchange, which went from a gain of TWD 62 million in Q1 2025 to a loss of TWD 690 million in Q2 2025. We expect this to have less of an impact in Q3. Loss attributable to the company in Q2 2025 was TWD 533 million compared to profit attributable to the company in Q1 2025 was TWD 176 million. The difference is mainly due to an increase of net nonoperating expenses of TWD 764 million and a decrease of operating profit of TWD 95 million, which was offset by the income tax change of TWD 150 million from the income tax expense of TWD 22 million in Q1 2025 to income tax benefit of TWD 128 million in Q2 2025. Basic weighted average outstanding shares were 715 million shares. Compared to Q2 2024, total revenue for Q2 2025 decreased 1.3% compared to Q2 2024. Gross margin at 6.6% decreased 7.4 ppts compared to Q2 2024. Operating expenses decreased 7.8% compared to Q2 2024. Operating profit margin at 0.4%, decreased 6.0 ppts compared to Q2 2024. Net nonoperating expense in Q2 2025 was TWD 682 million compared to net nonoperating income in Q2 2024 was TWD 128 million. The difference is mainly due to the negative impact on the foreign exchange of TWD 715 million from the foreign exchange gains of TWD 25 million in Q2 2024 to the foreign exchange losses of TWD 690 million in Q2 2025 and the gain on disposal of noncurrent assets held for sale of TWD 72 million in Q2 2024. Loss attributable to the company in Q2 2025 was TWD 533 million compared to profit attributable to the company in Q2 2024 was TWD 451 million. The difference is mainly due to an increase of net nonoperating expense of TWD 810 million and the decrease of operating profit of TWD 353 million, which was offset by the income tax change of TWD 179 million from the income tax expense of TWD 51 million in Q2 2024 to income tax benefit of TWD 128 million in Q2 2025. Referencing presentation, Page 14, consolidated statements of financial position and key indices. Total assets at the end of Q2 2025 were TWD 43,521 million. Total liabilities at the end of Q2 2025 were TWD 20,265 million. Total equity at the end of Q2 2025 was TWD 23,256 million. Accounts receivable turnover days in Q2 2025 were 87 days. Inventory turnover days was 50 days in Q2 2025. Referencing presentation, Page 15, consolidated statements of cash flows. As of June 30, 2025, our balance of cash and cash equivalents was TWD 13,662 million, which represents a decrease of TWD 1,557 million compared to the beginning of the year. Net free cash inflow for the first half of 2025 was TWD 1,667 million compared to TWD 1,433 million for the same period in 2024. The difference is mainly due to the decrease of CapEx of TWD 332 million, the income tax change of TWD 238 million from the income tax expense of TWD 132 million in the first half of 2024 to income tax benefit of TWD 106 million in the first half of 2025. The increase of the depreciation expenses of TWD 224 million and partially offset by the decrease of operating profit of TWD 600 million. We continue to balance our capital allocation strategy by investing in the long-term capacity and revenue generation areas that will drive our success while returning value to shareholders through the distribution of dividends. Free cash flow was calculated by adding depreciation, amortization, interest income together with operating profit and then subtracting CapEx, interest expense, income tax expense and dividend from the sum. Referencing presentation, Page 16, capital expenditures and depreciation. We invested TWD 589 million in CapEx in Q2. The breakdown of CapEx in Q2 was 20.1% for Bumping, 31.6% for LCD driver, 20.1% for assembly and 28.2% for testing. Depreciation expenses were TWD 1,281 million in Q2. As of July 31, 2025, the company's outstanding ADS number was approximately 3.6 million units, which represents around 10.1% of the company's issued common shares. That concludes the financial review. I will now turn the call back to our Chairman, Mr. S.J. Cheng, for our outlook. Please go ahead, sir.
Thank you, Silvia. As we look ahead to Q3, we expect cautious end consumer demand given the global economic uncertainty and the early restocking of some consumer products in first half. However, we are encouraged by the strong demand from data center and communications, AI-enhanced products, auto and robotics. We expect this to increasingly benefit our business in the second half of the year and beyond. We also expect to benefit from solid memory product momentum in the second half of the year. There is a DDR4 and MLC NAND supply and demand imbalance led by DDR4 and MLC NAND EOL that will benefit our business. In addition, the solid DRAM and NAND products momentum growth is expected to help improve related UT levels of assembly and test. ROM momentum is also expected to improve in Q3, led by seasonal restocking. Therefore, we expect memory momentum will be better than DDIC in Q3. In the meantime, we expect memory products OSAT price increases could help offset material cost increases and improve profitability. In our DDIC product business, we expect demand weakness to remain in Q3 with DDIC products still soft. However, OLED products momentum is expected to benefit from seasonal restocking in Q3. Meanwhile, automotive panel momentum is relatively stable compared to other DDIC products. We are positive about this business over the long term, but understand this is a fluid environment. Regarding our 2025 CapEx, we continue to shift our product mix into higher growth, higher-margin product areas. We are taking a conservative approach with our CapEx budget in 2025, similar to prior years. Our targeted CapEx investments will be in support of growth areas of our business and to reduce depreciation pressure. Our strategy is not only expand in these higher growth, higher-margin areas, but to also benefit from continued cost reductions, quality improvement and operating strength actions to improve profit and maintain business growth momentum and competition advantage. Finally, as we remain focused on building value for shareholders, we just distributed our latest dividend to shareholders in July. This has been part of our overall capital allocation strategy along with share repurchases, CapEx investments and other levers. And we will execute the related capital allocation programs to improve shareholders' equity based on the global economic environment and industrial situation. These programs will be executed after Board approval. To summarize for you, we continue to leverage our leadership position in memory as we build long-term value for shareholders. Our balance sheet remains strong and is a competitive advantage for us. This gives us added flexibility to support our customers and our long-term growth strategy as we move through the near-term conservatism and uncertainty. We are taking a measured approach during this uncertain time, and we remain cautious in our CapEx spending. We will continue to prioritize supporting our customers, increasing market share, expanding profitability and building shareholder value. Operator, that concludes our formal remarks. We can now take questions.
[Operator Instructions] Our first question comes from Michael Hsu from Yuanta.
Can you give us more color about the outlook by product for the second half of 2025?
As we look ahead to Q3, we expect to benefit from solid memory product momentum in the second half of the year. There is a DDR4 supply and demand imbalance led by DDR4 EOL and strong DDR5 demand that both will benefit our business. To reflect material cost and gold price increases, we also increased memory products OSAT prices in Q3 and expect it could help offset material cost increases and improve profitability. Therefore, we expect memory momentum will be better than DDIC in Q3. As for DDIC, OLED products momentum is expected to benefit from seasonal restocking in Q3. Meanwhile, automotive panel momentum is relatively stable compared to other DDIC products. Lastly, our logic and mixed signal product line should remain stable.
Please give us more color to separate the impact on lower Q2 gross margin from DDIC ASP cut and NTD appreciation. Will those conditions continue into Q3?
In Q2, gross margin was impacted by lower DDIC test ASP and USD depreciation. Meanwhile, the electricity charge increased TWD 102 million due to the higher summer electricity rate charge since May 16. The other factor was materials with the cost of gold increasing more than 30% compared to 2Q '24. Regarding EPS, Silvia, please answer that question.
More on your question for the impact to gross margin from foreign exchange rate and electricity. Gross margin decreased about 1.5 ppts due to NTD appreciation and decreased about 1.6 ppts due to higher electricity charges, which increased TWD 102 million due to the higher summer electricity rate. As for EPS, the major factor is the lower gross margin, including ASP cut and higher costs like electricity and separately, the higher foreign exchange loss of TWD 690 million.
Will those conditions continue into Q3?
We are increasing memory products OSAT prices in Q3 about 5% to 18% and expect it can help offset material cost increases from substrate and gold prices in order to improve profitability. Meanwhile, we expect the foreign exchange rate will be more favorable to our operations. Further, OLED product momentum is expected to be better. July revenue was announced and August revenue is on track. So even though there is still a lot of uncertainty, we are still optimistic entering Q3.
Thank you. And I am not showing any further questions in the queue. I would like to turn the call back over to G.S. Shen.
Thank you, operator. I will read one last question from foreign institutional investors. The question is, are you making a change to your dividend policy for 2026? Will you pay a dividend next year?
We just distributed our latest dividend to shareholders in July. This has been part of our overall capital allocation strategy along with share repurchases, CapEx investments and other levers. Although the company faced headwinds in the first half of the year, along with the broader industry, our focus and operational strength have put us in a great position with accumulated unappropriated retained earnings, which are sufficient to support a stable dividend payout. We do not expect any change in our policy, but our management and Board review the overall capital allocation strategy on a regular basis and remain cautious in our CapEx spending according to the market situation to set priorities in the best interest of the company and shareholders.
That concludes our question-and-answer session. Thank you for participating. I'll turn the floor back to Mr. S.J. Cheng for any closing comments.
Thank you, everyone, for joining our conference call. Please e-mail our IR team if you have any more questions. We appreciate your support. Goodbye.
Ladies and gentlemen, this concludes today's conference call. Thank you for participating. You may now disconnect. [Statements in English on this transcript were spoken by an interpreter present on the live call.]
Investor releaseQuarter not tagged2025-07-29ChipMOS Schedules Second Quarter 2025 Financial Results Conference Call
GlobeNewswire
ChipMOS Schedules Second Quarter 2025 Financial Results Conference Call
HSINCHU, Taiwan, July 29, 2025 (GLOBE NEWSWIRE) -- ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report second quarter 2025 results and host a conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, August 12, 2025. Investors and analysts are encouraged to participate using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website. Date: Tuesday, August 12, 2025 Time: 3:00PM Taiwan (3:00AM New York) Dial-In: +886-2-3396 1191 Password: 3300012 # Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx Replay: Starts Approximately 2 hours after the live call ends Language: Mandarin Note: A transcript will be provided on the Company’s website in English following the conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment. Contacts:
Investor releaseQuarter not tagged2025-05-13ChipMOS REPORTS FIRST QUARTER 2025 RESULTS
PR Newswire
ChipMOS REPORTS FIRST QUARTER 2025 RESULTS
1Q25 Revenue Grows QoQ and YoY Net Earnings of NT$0.24 per Basic Common Share or US$0.15 per Basic ADS Compared to Net Earnings of NT$0.32 per Basic Common Share or US$0.19 per Basic ADS in 4Q24 Strong Financial Position and Liquidity with NT$13,565.5 Million or US$408.7 Million Balance of Cash and Cash Equivalents Board of Directors Authorizes New NT$525 Million Share Repurchase Program HSINCHU, May 13, 2025 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the first quarter ended March 31, 2025. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$33.19 against US$1.00 as of March 31, 2025. All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS"). Revenue for the first quarter of 2025 was NT$5,532.3 million or US$166.7 million, an increase of 2.5% from NT$5,399.6 million or US$162.7 million in the fourth quarter of 2024 and an increase of 2.1% from NT$5,418.7 million or US$163.3 million for the same period in 2024. Net non-operating income in the first quarter of 2025 was NT$82.1 million or US$2.5 million, compared to NT$154.6 million or US$4.7 million in the fourth quarter of 2024, and NT$156.3 million or US$4.7 million in the first quarter of 2024. The decrease of net non-operating income compared to the fourth quarter of 2024 is mainly due to a NT$75 million or US$2.3 million reduction in foreign exchange gains. The difference between the first quarter of 2024 is mainly due to a NT$91 million or US$2.7 million decrease in foreign exchange gains which was partially offset by the increase of interest income of NT$26 million or US$0.8 million. Net profit attributable to equity holders of the Company for the first quarter of 2025 was NT$176.3 million or US$5.3 million, and NT$0.24 or US$0.01 per basic common share, as compared to NT$232.2 million or US$7.0 million, and NT$0.32 or US$0.01 per basic common share in the fourth quarter of 2024. This compares to NT$437.8 million or US$13.2 million, and NT$0.60 or US$0.02 per basic common share in the first quarter of 2024. Net earnings for the first quarter of 2025 were US$0.15 per basic ADS, compare...

