ASPEED Technology (5274) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 reached NT$2,065 million, up 104% year-over-year; net income was NT$887 million, up 127%.

• Gross margin improved to 66% from 63% year-over-year, with operating margin at 50%.

• Basic EPS for Q1 2024 was NT$23.46, more than double the NT$10.36 in Q1 2023.

• Cash and cash equivalents increased to NT$4,693 million as of March 31, 2024.

Financial highlights

• Operating income for Q1 2024 was NT$1,027 million, up 166% year-over-year.

• Operating expenses rose to NT$341 million, mainly due to higher R&D and management costs.

• Net cash from operating activities was NT$1,352 million, up from NT$453 million year-over-year.

• Cash dividend of NT$52 per share for 2023 was approved and distributed in Q1 2024.

Outlook and guidance

• Management continues to monitor US tariff impacts in cash flow and growth estimates.

• No significant changes in capital management strategy; focus remains on maximizing shareholder returns.