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Vanguard International Semiconductor (5347) investor relations material
Vanguard International Semiconductor Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue for 3Q25 reached NT$12,349 million, up 5.6% quarter-over-quarter and 4.6% year-over-year.
Net income attributable to shareholders was NT$1,703 million, down 16.6% sequentially and 20.0% year-over-year.
For the nine months ended September 30, 2025, net revenue was NT$35,997,518 thousand, up 11% year-over-year; net income reached NT$6,104,060 thousand, a 17% margin.
Diluted EPS for 3Q25 was NT$0.91; for the nine months, basic EPS was NT$3.35 and diluted EPS was NT$3.30.
The independent auditor's review found the financial statements present fairly, in all material respects.
Financial highlights
Gross profit margin for 3Q25 was 26.8%, within guidance; for the nine months, gross margin was 28%.
Operating income for 3Q25 was NT$1,832 million, a 3.4% decrease from 2Q25; for the nine months, operating income was NT$5,966,702 thousand (17% margin).
Cash and financial instruments totaled NT$50,738 million at quarter end; cash and cash equivalents at period end were NT$47,430,675 thousand.
Total assets as of September 30, 2025, were NT$170,307 million.
Net working capital was NT$39,130 million.
Outlook and guidance
4Q25 wafer shipment expected to decrease by 6% to 8% quarter-over-quarter.
Blended ASP projected to increase by 4% to 6% quarter-over-quarter.
Gross profit margin guidance for 4Q25 is 26.5% to 28.5%.
LTA income (non-wafer revenue) to contribute an extra ~1% of revenue in 4Q25.
Expansion in Singapore with a new 12-inch wafer fab through joint venture VSMC, supported by a NT$66 billion syndicated loan.
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