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Hua Hong Semiconductor (1347) investor relations material
Hua Hong Semiconductor Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached a record $635.2 million, up 20.7% year-over-year and 12.2% sequentially, driven by strong wafer shipments and higher ASPs.
Gross margin was 13.5%, exceeding guidance, supported by high capacity utilization and cost reduction initiatives.
Net loss was $7.2 million, compared to a profit of $22.9 million in Q3 2024 and a loss of $32.8 million in Q2 2025; net profit attributable to shareholders was $25.7 million, down 42.6% year-over-year but up 223.5% sequentially.
Capacity utilization reached 109.5%, with wafer shipments up 16.7% year-over-year and 7.3% quarter-over-quarter.
Strategic expansion, technology advancement, and a major acquisition are underway to boost production and diversify the process platform.
Financial highlights
Revenue: $635.2 million, up 20.7% year-over-year and 12.2% quarter-over-quarter.
Gross margin: 13.5%, up 1.3 percentage points year-over-year and 2.6 points sequentially.
Operating expenses: $100.4 million, up 23.3% year-over-year, mainly from higher engineering wafer and depreciation costs.
Net profit attributable to shareholders: $25.7 million, down 42.6% year-over-year but up 223.5% sequentially.
Net cash from operations: $184.2 million; capital expenditures: $261.9 million.
Outlook and guidance
Q4 2025 revenue expected between $650 million and $660 million, with gross margin projected at 12%-14%.
Continued ASP improvement and high utilization rates anticipated.
CapEx for Fab9A expected at $1.3-$1.5 billion in 2026 as expansion continues.
Focus on technology innovation and ecosystem development.
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