What is the market's earnings forecast for ChipMOS next quarter?

What were the key takeaways from ChipMOS's earnings call?

Did ChipMOS beat or miss consensus estimates last quarter?

What is ChipMOS's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for ChipMOS year over year?

What guidance did ChipMOS's management provide for the next earnings period?

What does ChipMOS do and what are its main business segments?

What factors drove the changes in ChipMOS's revenue and profit?

- **Q2 Memory Dominance**: Memory products drove 45.3% of revenue, up 21.2% QoQ, with NAND Flash growing 27.6%.
- **Gross Margin Pressure**: 6.6% gross margin (down 280bps QoQ) due to TWD 690M FX loss and higher electricity/material costs.
- **Q3 Outlook**: Memory price hikes (5-18%) and DDR4/NAND supply imbalance to offset DDIC weakness; OLED restocking expected.
- **Stable Dividend Policy**: No change anticipated, with strong cash position (TWD 13.7B) supporting shareholder returns.

**【Management Opening Remarks】**
- Introduction of management team: Mr. S.J. Cheng (Chairman & President), Ms. Silvia Su (CFO), and Mr. Jesse Huang (Spokesperson). 
- Presentation available on the company's website (www.chipmos.com) and MOPS platform.
- Reminder of forward-looking statements disclaimer and replay availability.

**【CEO Commentary (Q2 2025 Highlights)】**
- **Revenue Performance**: Q2 revenue increased 3.7% QoQ to TWD 5,736M, with memory products driving 45.3% of revenue (up 21.2% QoQ). DRAM/SRAM revenue rose 19.8% QoQ, NAND Flash up 27.6% QoQ.
- **Gross Margin**: 6.6% (down 280bps QoQ) due to FX loss (TWD 0.97 per share) and higher material costs.
- **Utilization Rates**: Overall 65%, with assembly (64%) and test (67%) improving. Memory UT up significantly.
- **Product Mix**: Smartphone revenue up 7.3% QoQ, automotive/industrial stable at 25.9% of total.

**【CFO Financial Commentary】**
- **Net Loss**: TWD 533M (TWD 0.75 per share) due to TWD 690M FX loss and TWD 102M higher electricity costs.
- **Margins**: Gross margin 6.6% (down 7.4pts YoY), operating expenses up 3.2% QoQ to 7.4% of revenue.
- **Liquidity**: Cash & equivalents TWD 13,662M, free cash flow TWD 1,667M for H1.
- **Key Drivers**: FX volatility, material cost inflation, and end-market demand variability.

**【CEO Outlook (Q3 2025)】**
- **Memory Momentum**: DDR4/NAND supply/demand imbalance to benefit Q3, with OSAT price hikes (5-18%) to offset substrate/gold costs.
- **DDIC Segment**: OLED restocking and automotive panel stability, but overall DDIC softness expected.
- **CapEx Strategy**: Conservative spending focused on high-growth areas (bumping, LCD driver, testing).
- **Dividend Policy**: Stable, with latest dividend distributed in July.

**【Q&A Highlights】**
- **H2 Product Outlook**: Memory (DDR5, NAND) to outperform DDIC, with OLED seasonal restocking.
- **Gross Margin Impact**: 1.5pts from FX, 1.6pts from electricity in Q2; Q3 FX outlook more favorable.
- **Price Adjustments**: Memory OSAT prices increased 5-18% in Q3 to mitigate cost pressures.
- **Dividend Policy**: No change expected, with Board review of capital allocation strategy.


ChipMOS TECHNOLOGIES INC. (IMOS) Q2 2025 Earnings Call Transcript

- **Q1 Revenue Growth**: 2.5% QoQ driven by NAND flash (+30% QoQ) and gold bumping (+24.5% QoQ).\n- **Memory Momentum**: Q2 NAND > NOR > low-power DDR; Q3 visibility maintained.\n- **Share Buyback**: 15 million shares approved for employee incentives amid market volatility.\n- **Dividend Policy**: NT$1.2 per share, reflecting strong cash position.\n- **Tariff Impact**: Minimal direct impact, but creating demand uncertainty.\n

**【CEO Opening Remarks】**
- Q1 2025 revenue increased 2.5% QoQ to NT$5.532 billion, driven by memory products and gold bumping.\n- Gross margin remained stable at 9.4%, with utilization rates improving across all segments (e.g., Bumping UT up 11% to 65%).\n- Memory products accounted for 38.8% of revenue, with NAND flash growing 30% QoQ and NOR flash up 27.6% YoY.\n- DDIC revenue declined 10.6% QoQ due to OLED de-stocking, but automotive-related DDIC grew 13% QoQ.\n- Automotive/Industrial end-market revenue rose 13% QoQ to 27% of total.\n
**【CFO Financial Review】**
- Q1 net profit: NT$176 million (NT$0.24/share), down 24.1% QoQ due to lower non-operating income.\n- Operating expenses decreased 4.7% QoQ to NT$411 million (7.4% of revenue).\n- Free cash flow: NT$831 million (vs. NT$800 million in Q1 2024).\n- CapEx: NT$570 million (8.3% for bumping, 29.7% for LCD drivers).\n- Cash balance: NT$13.566 billion.\n
**【Business Outlook】**
- Q2 focus: memory restocking (DRAM +10.7% QoQ, NAND flash +8.6% YoY) and smartphone OLED re-stocking.\n- 2025 CapEx: conservative, aligned with customer demand.\n- Share buyback program: up to 15 million shares for employee incentives.\n- Dividend: NT$1.2 per share.\n
**【Q&A Highlights】**
- Memory momentum: Q2 NAND > NOR > low-power DDR; Q3 visibility maintained.\n- DDIC: smartphone OLED UT improving, but overall DDIC growth uncertain due to market fluidity.\n- Tariffs: minimal direct impact, but causing demand uncertainty.\n- Power infrastructure: UHV circuit upgrade completed at Chupei factory.\n

ChipMOS TECHNOLOGIES INC. (IMOS) Q1 2025 Earnings Call Transcript

ChipMOS TECHNOLOGIES INC. (IMOS) Q1 2024 Earnings Call Transcript

- **Q4 2023 Strong Performance**: 22.2% YoY revenue growth, 20.1% gross margin, and tripled net earnings highlight resilience amid industry challenges.
- **2024 Outlook**: Q1 expected to be trough, with H2 growth driven by memory (NAND Flash rebound) and automotive DDIC stability.
- **Cash Flow Strength**: NT$12.35B cash reserves and NT$1.34B free cash flow in 2023 support dividend payout and strategic investments.
- **Key Growth Drivers**: Automotive panels (25% of Q4 DDIC revenue), OLED COG (64% of Q4 DDIC), and NAND Flash restocking.
- **Risk Management**: Conservative CapEx (~15% of revenue) and focus on high-margin, high-UT products mitigate cyclical risks.

**【CEO Business Highlights】**
- **Q4 2023 Revenue Growth**: 22.2% YoY, driven by memory and automotive DDIC products. Full year 2023 revenue declined 9.2% due to industry-wide inventory corrections.
- **Gross Margin Expansion**: Q4 2023 gross margin improved to 20.1% (up 560bps YoY), with full year 2023 margin at 16.6%.
- **Profit Performance**: Q4 net earnings tripled to NT$0.66/share, with full year EPS of NT$2.60.
- **Utilization Rates**: Q4 average utilization at 62%, with automotive DDIC UT at 71% and NAND Flash revenue up 22.4% YoY.

**【CFO Financial Review】**
- **Q4 2023 Financials**: 
  - Revenue: NT$5.725B (2.6% QoQ growth)
  - Gross Profit: NT$1.15B (20.1% margin)
  - Operating Expenses: NT$445M (7.8% of revenue)
  - Net Profit: NT$482M (down 17% QoQ)
- **2023 Full Year**: 
  - Revenue: NT$21.36B (down 9.2% YoY)
  - Gross Margin: 16.6% (down 4.3pts YoY)
  - Free Cash Flow: NT$1.34B (vs. outflow of NT$818M in 2022)
- **Balance Sheet**: Cash reserves of NT$12.35B as of end-2023.

**【2024 Outlook】**
- **Q1 2024**: Expected to be annual trough due to seasonal factors and ongoing inventory destocking.
- **Full Year 2024**: Targeting positive revenue growth, with H2 outperforming H1.
- **Capital Allocation**: 
  - CapEx ~15% of revenue (~NT$3.2B based on 2023 levels)
  - Dividend payout of NT$1.8/share pending shareholder approval
  - Focus on high-end testers, green energy, and AI investments.

**【Key Q&A Insights】**
- **Gross Margin Drivers**: Q4 margin boost from lower electricity costs (-TWD86M), gold material savings (-TWD45M), and reduced depreciation (-TWD53M).
- **2024 Revenue Mix**: ~46-47% in H1, ~53-54% in H2.
- **Automotive Segment**: 2024 revenue expected to be flattish YoY despite macro headwinds.
- **Competition Strategy**: Differentiating via high-end OLED, automotive panel, and European/American brand quality requirements.


Actual													0.6	0.5101	0.4069	0.6652	0.9472	1.2722	1.3817	1.3904	1.1198	1.2064	0.5717	0.1386	0.1771	0.5322	0.4956	0.4181	0.3701	0.3819	0.2553	0.2225	0.1633	-0.48	0.3222	0.4517
Forecast													0.5131	0.5143	0.5737	0.6975	0.807	0.9606	1.2624	1.124	1.0803	1.1427	0.8582	0.1778	0.1524	0.3326	0.4713	0.413	0.3842	0.4892	0.5514	0.3966	0.1862	0.1923	0.1067	0.335
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+16.94%	-0.82%	-29.07%	-4.63%	+17.37%	+32.44%	+9.45%	+23.70%	+3.66%	+5.57%	-33.38%	-22.05%	+16.21%	+60.01%	+5.16%	+1.23%	-3.67%	-21.93%	-53.70%	-43.90%	-12.30%	-349.61%	+201.97%	+34.84%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	184.70M	184.60M	199.44M	224.26M	232.44M	250.88M	257.30M	242.23M	224.12M	220.48M	171.01M	153.32M	145.61M	168.29M	172.56M	181.36M	167.11M	178.93M	189.57M	164.62M	184.40M	184.79M	197.93M	207.45M
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	182.43M	181.79M	194.16M	220.17M	225.00M	250.82M	263.84M	248.93M	238.96M	236.13M	210.75M	147.16M	139.71M	170.96M	178.86M	175.31M	163.30M	177.96M	200.75M	175.59M	165.37M	188.55M	198.11M	201.56M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+1.25%	+1.55%	+2.72%	+1.86%	+3.31%	+0.02%	-2.48%	-2.69%	-6.21%	-6.63%	-18.85%	+4.18%	+4.23%	-1.56%	-3.52%	+3.45%	+2.33%	+0.55%	-5.57%	-6.25%	+11.50%	-1.99%	-0.09%	+2.92%

IMOS

IMOS fundamentals

IMOS Q4 2025 Earnings

Earnings Call

You can ask Aime

IMOS

IMOS fundamentals

IMOS Q4 2025 Earnings

Earnings Call

IMOS Earnings Call Summary for Q4/20252:00 AM on Feb 24, 2026

IMOS Earnings Call Summary for Q3/20252:00 PM on Nov 11, 2025

IMOS Earnings Call Summary for Q2/20253:00 AM on Aug 12, 2025

IMOS Earnings Call Summary for Q1/20253:00 AM on May 13, 2025

IMOS Earnings Call Summary for Q4/2024 Apr 7, 2026

You can ask Aime