STOCK TITAN

ChipMOS REPORTS OCTOBER 2024 REVENUE

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

ChipMOS Technologies reported unaudited consolidated revenue of NT$1,784.9 million (US$55.8 million) for October 2024, showing a decrease of 5.5% from September 2024 and a decline of 9.4% from October 2023. The company's performance aligns with previous guidance, indicating DRAM improvements from better end markets, while NAND flash and DDIC segments faced challenges due to weaker market demand, conservative ordering patterns, and ongoing customer inventory adjustments.

ChipMOS Technologies ha riportato un fatturato consolidato non verificato di NT$1.784,9 milioni (US$55,8 milioni) per ottobre 2024, evidenziando un diminuizione del 5,5% rispetto a settembre 2024 e un calo del 9,4% rispetto a ottobre 2023. Le prestazioni dell'azienda sono in linea con le indicazioni precedenti, indicando miglioramenti DRAM grazie a mercati finali più favorevoli, mentre i segmenti NAND flash e DDIC hanno affrontato sfide a causa di una domanda di mercato più debole, schemi di ordinazione conservativi e continui aggiustamenti dell'inventario da parte dei clienti.

ChipMOS Technologies informó unos ingresos consolidados no auditados de NT$1,784.9 millones (US$55.8 millones) para octubre de 2024, mostrando una disminución del 5.5% respecto a septiembre de 2024 y un declive del 9.4% en comparación con octubre de 2023. El desempeño de la compañía se alinea con las recomendaciones previas, indicando mejoras en DRAM debido a mejores mercados finales, mientras que los segmentos de NAND flash y DDIC enfrentaron desafíos por una demanda de mercado más débil, patrones de pedidos conservadores y ajustes de inventario en curso por parte de los clientes.

ChipMOS Technologies는 2024년 10월에 NT$1,784.9백만(US$55.8백만)의 감사되지 않은 연결 수익을 보고했으며, 이는 2024년 9월 대비 5.5% 감소했으며 2023년 10월 대비 9.4% 감소한 수치입니다. 회사의 실적은 이전 지침과 일치하며, 더 나은 최종 시장 덕분에 DRAM 개선을 나타내고 있는 반면, NAND 플래시 및 DDIC 부문은 시장 수요 약화, 보수적인 주문 패턴 및 고객 재고 조정 지속으로 인해 어려움에 직면했습니다.

ChipMOS Technologies a rapporté un chiffre d'affaires consolidé non audité de NT$1,784.9 millions (US$55.8 millions) pour octobre 2024, montrant une baisse de 5,5% par rapport à septembre 2024 et un déclin de 9,4% par rapport à octobre 2023. Les performances de l'entreprise sont conformes aux indications précédentes, indiquant des améliorations DRAM grâce à de meilleurs marchés finaux, tandis que les segments NAND flash et DDIC ont fait face à des défis en raison d'une demande de marché plus faible, de modèles de commande prudents et d'ajustements continus des stocks des clients.

ChipMOS Technologies berichtete über einen ungeprüften konsolidierten Umsatz von NT$1.784,9 Millionen (US$55,8 Millionen) für Oktober 2024, was eine Abnahme von 5,5% gegenüber September 2024 und einen Rückgang von 9,4% im Vergleich zu Oktober 2023 zeigt. Die Leistung des Unternehmens entspricht den vorherigen Richtlinien und weist auf Verbesserungen bei DRAM aufgrund besserer Endmärkte hin, während die Segmente NAND-Flash und DDIC aufgrund schwächerer Marktnachfrage, konservativer Bestellmuster und laufender Anpassungen der Kundenbestände Herausforderungen gegenüberstanden.

Positive
  • DRAM segment shows improvement due to better end market conditions
Negative
  • Monthly revenue decreased 5.5% MoM to NT$1,784.9 million
  • Year-over-year revenue declined 9.4%
  • NAND flash and DDIC segments experiencing weak market demand
  • Customers implementing conservative ordering and inventory adjustments

Insights

The monthly revenue decline signals ongoing challenges in ChipMOS's core OSAT business. The $55.8 million October revenue represents concerning drops of 5.5% month-over-month and 9.4% year-over-year. The weakness stems from two key segments: NAND flash and display driver ICs (DDIC), both experiencing reduced customer demand and inventory corrections. While DRAM shows some promise with improving end markets, it's not enough to offset the broader downturn. The sustained revenue contraction suggests the semiconductor cycle hasn't yet bottomed out for ChipMOS, though inventory adjustments typically precede eventual market recovery. Given the company's relatively small market cap of $786 million, these revenue fluctuations can significantly impact profitability and stock performance.

HSINCHU, Nov. 8, 2024 /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 its unaudited consolidated revenue for the month of October 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.01 to US$1.00 as of October 31, 2024.

Revenue for the month of October 2024 was NT$1,784.9 million or US$55.8 million, representing a decrease of 5.5% from September 2024, and a decrease of 9.4% from October 2023. The Company's revenue is inline with its comments on its November 5, 2024 earnings call, which noted DRAM would benefit from improving end markets, while NAND flash and DDIC were expected to be impacted by a weaker market demand, conservative ordering and inventory adjustments at customers.

Consolidated Monthly Revenues (Unaudited)


October 2024

September 2024

October 2023

MoM Change

YoY Change

Revenues

   (NT$ million)

1,784.9

1,888.9

1,970.0

-5.5 %

-9.4 %

Revenues

   (US$ million)

55.8

59.0

61.5

-5.5 %

-9.4 %

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 plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com 

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com 

 

Cision View original content:https://www.prnewswire.com/news-releases/chipmos-reports-october-2024-revenue-302299535.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS (IMOS) revenue for October 2024?

ChipMOS reported revenue of NT$1,784.9 million (US$55.8 million) for October 2024.

How did ChipMOS (IMOS) October 2024 revenue compare to previous periods?

October 2024 revenue decreased 5.5% from September 2024 and declined 9.4% compared to October 2023.

Which segments of ChipMOS (IMOS) business were affected by weak demand in October 2024?

NAND flash and DDIC segments were affected by weak market demand, conservative ordering, and inventory adjustments at customers.

Which segment of ChipMOS (IMOS) showed improvement in October 2024?

The DRAM segment showed improvement due to better end market conditions.

ChipMOS TECHNOLOGIES INC

NASDAQ:IMOS

IMOS Rankings

IMOS Latest News

IMOS Stock Data

702.15M
36.36M
6.93%
0.04%
Semiconductors
Technology
Link
United States of America
Hsinchu City