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Chipmos Technologies Ltd (IMOS)
NASDAQ:IMOS
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.42Last Year’s EPS
$0.42Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -13.92%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, improved utilization rates, and a positive outlook for future quarters, particularly in automotive and OLED markets. However, the decline in gross margin, increased operating expenses, and reduced free cash flow pose challenges. Despite these issues, the positive aspects of revenue and utilization improvements, alongside favorable market conditions, create a cautiously optimistic outlook.Company Guidance
During the ChipMOS Q2 2024 earnings call, the executives provided several key metrics and insights into the company's performance and future outlook. The Q2 revenue increased by 7.2% compared to Q1 2024, and 6.7% year-over-year, while the gross profit grew 5.8% from the previous quarter. The utilization rate improved to 69%, with assembly utilization at 65% and average test utilization at 67%. Key revenue drivers included memory products, which comprised 37.2% of total Q2 revenue, with flash revenue rising 7.3% from Q1 2024. The company's depreciation expenses for Q2 were TWD 1,184 million, and the CapEx was TWD 858 million, predominantly focused on LCD drivers, assembly, and testing. For H2 2024, the company remains optimistic about strengthened operating momentum, driven by factors such as demand for automotive panels and OLEDs, coupled with strategic CapEx investments aimed at supporting growth and maintaining competitive advantage.Revenue and Profit Growth
Q2 revenue increased 7.2% compared to Q1 2024 and was up 6.7% year-over-year. Net earnings rose to TWD 0.62 in Q2 2024 from TWD 0.60 in Q1 2024.
Improved Utilization Rates
Overall utilization rate improved to 69% in Q2 2024 from 63% in Q1 2024. Assembly utilization increased to 65%, and average test utilization was at 67%.
Strong Performance in Memory Products
Memory product revenue increased 2.4% compared to Q1 2024, and was up 17.6% year-over-year.
Significant Growth in DDIC and Gold Bump Revenue
DDIC revenue increased by 13.3% compared to Q1 2024, with large panel rush order growth at 32.5%. Gold bump revenue grew by 7.6% compared to Q1 2024.
Positive Market Outlook
The company is cautiously optimistic about Q3, expecting improved operating momentum and growth in automotive panels and OLED demand.
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IMOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IMOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $22.20 | $22.35 | +0.68% |
| Aug 13, 2024 | $23.59 | $24.12 | +2.25% |
| May 09, 2024 | $27.12 | $27.15 | +0.11% |
| Feb 22, 2024 | $26.76 | $28.01 | +4.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chipmos Technologies Ltd (IMOS) report earnings?
Chipmos Technologies Ltd (IMOS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Chipmos Technologies Ltd (IMOS) earnings time?
Chipmos Technologies Ltd (IMOS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IMOS EPS forecast?
IMOS EPS forecast for the fiscal quarter 2024 (Q4) is $0.42.
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