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Innolux (348) investor relations material
Innolux Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Macro and regulatory volatility, including tariffs and FX fluctuations, impacted operations; focus remains on product value improvement and resilience through high-value and high-margin products.
Strategic transformation continues, emphasizing non-commodity, non-display, and semiconductor opportunities, especially in AI.
Major M&A: CarUX to acquire Pioneer, aiming for product and market synergies, pending legal approval.
Consolidated revenue for 2Q25 was NT$56.2 billion, with a net loss of NT$0.68 billion and basic EPS of NT$-0.10.
Operating loss reached NT$0.78 billion, while EBITDA was NT$6.62 billion.
Financial highlights
2Q25 net sales were NT$56,231 million, up 0.5% QoQ but down 1.1% YoY.
Gross margin improved to 8.4% in 2Q25 from 7.6% in 1Q25.
Net loss attributable to owners was NT$761 million in 2Q25, compared to NT$962 million profit in 1Q25.
EBITDA for 2Q25 was NT$6,623 million, up 6.3% QoQ but down 19.3% YoY.
Operating expenses decreased 37.2% sequentially to NT$778 million.
Outlook and guidance
Continued focus on high-value, non-commodity products, AI, advanced packaging, and microLED technologies.
3Q25 guidance expects non-display and non-commodity sectors to decline by low single digits quarter-over-quarter.
Panel demand expected to be more conservative in 2H25 due to tariff and order uncertainties.
Ongoing investment in Micro LED and FOPLP advanced packaging to drive future growth and cost efficiency.
Focus remains on dynamic product portfolio adjustment and production efficiency.
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