ChipMOS TECHNOLOGIES (8150) investor relations material

Executive summary

• Q2 2026 revenue reached NT$7,383.1 million, up 6.5% sequentially and 28.7% year-over-year, the highest since 2014, driven by strong demand, favorable product mix, and improved utilization.

• Net earnings for Q2 2026 were NT$1.28 per basic share, or $0.80 per ADS, a record since Q3 2022, reversing a net loss in Q2 2025.

• Gross margin improved to 18.0%, up 4.2 percentage points from Q1 2026 and 11.4 points year-over-year.

• Memory products, especially DRAM and Flash, led growth, with DRAM revenue up over 70% year-over-year and Flash up more than 32%.

• Automotive, industrial, and OLED segments showed strong momentum, with automotive and industrial revenue up over 45% year-over-year.

Financial highlights

• Q2 2026 total revenue: NT$7,383.1 million; net profit attributable: NT$891.7 million.

• Operating profit: NT$948 million; operating margin: 12.8%, up 5.3 points from Q1 2026.

• Net non-operating income: NT$79 million, a turnaround from a net non-operating expense in Q2 2025.

• Cash and equivalents: NT$12,552.3 million as of June 30, 2026; net free cash inflow for H1 2026: NT$735.9 million.

• Total assets: NT$46,964.2 million; total equity: NT$24,850 million as of Q2 2026.

Outlook and guidance

• Strong performance expected in H2 2026, led by DRAM and DDIC rush orders, with stable pricing and favorable product mix.

• DRAM momentum to accelerate in Q3, driven by DDR4 and DDR5 demand; Flash steady but trailing DRAM.

• DDIC and OLED demand to improve in H2 due to seasonal and automotive panel demand.

• Expansion into mobile and AI ASIC logic testing, with new equipment arriving by year-end.

• CapEx for 2026 and 2027 to exceed 25% of revenue, supporting capacity expansion and new product projects.