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MediaTek (2454) investor relations material
MediaTek Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue was NT$150.37B, up 18.1% year over year but down 1.9% sequentially; net income was NT$28.06B, up 8.1% year over year, down 5% sequentially.
EPS for Q2 2025 was NT$17.50, up from NT$16.19 a year ago, down from NT$18.43 in Q1 2025.
Six-month revenue to June 2025 was NT$303.68B, up 16.5% year over year; net income was NT$57.59B, nearly flat year over year.
Flagship smartphone, connectivity, and computing businesses showed robust growth, with flagship smartphone revenue expected to exceed $3B and connectivity over $3B in 2025.
Datacenter ASIC and automotive businesses are key mid- to long-term growth drivers, with datacenter ASIC revenue ramping in 2026 and automotive CXone chip sampling in H2 2025.
Financial highlights
Q2 revenue: NT$150.4B, up 18.1% year over year, down 1.9% sequentially; in USD, up 23.8% year over year, up 4.4% sequentially.
Gross margin: 49.1% in Q2, up 1ppt sequentially and 0.3ppt year over year; includes 1.9ppt one-time LTA benefit.
Operating income: NT$29.4B in Q2, up 17.7% year over year, down 2.2% sequentially; operating margin 19.5%.
Net income: NT$28.1B in Q2, up 8.1% year over year, down 5% sequentially; EPS NT$17.5.
Non-TIFRS net income: NT$28.6B; non-TIFRS EPS: NT$17.81.
Outlook and guidance
Q3 revenue guidance: NT$130.1B–NT$140B, down 7–13% sequentially, down 1% to up 6% year over year; USD guidance: $4.49B–$4.83B, down 1–8% sequentially, up 10–18% year over year.
Q3 gross margin forecast: 47% ±1.5ppt; operating expense ratio: 31% ±2ppt.
Full-year USD revenue expected to grow in the mid-teens percentage year over year.
Flagship smartphone revenue to grow in Q3 as Dimensity 9500 enters mass production; mainstream segment demand expected to slow.
Smart Edge platforms and Power IC revenue expected to decline sequentially in Q3 due to demand pull-in to H1.
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