AUO (2409) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2024 were NT$69.24 billion, down 6.8% year-over-year; first half 2024 revenue was NT$141.34 billion, up 5.6% year-over-year.

• Net income attributable to shareholders for Q2 2024 was NT$1.95 billion, compared to a net loss of NT$231 million in Q2 2023.

• Gross margin for Q2 2024 was 13.5%, up from 11.2% in Q2 2023.

• Operating profit rose to NT$1,504 million in Q2 2024, a significant increase from NT$107 million in Q2 2023.

• Basic EPS for Q2 2024 was NT$0.26, compared to NT$(0.03) in Q2 2023.

Financial highlights

• 1H25 net sales reached NT$141,339 million, up 5.6% year-over-year.

• 1H25 net profit was NT$5,164 million, reversing a loss of NT$3,808 million in 1H24.

• Cash and cash equivalents at June 30, 2024, were NT$54.35 billion, down from NT$71.96 billion a year earlier.

• Capital expenditures for H1 2024 were NT$10.81 billion.

• EBITDA for the first half of 2024 was NT$17.7 billion.

Outlook and guidance

• Vertical Solution revenue for Q3 is expected to decline low to mid-single digits, mainly due to exchange rate impacts; adjusting for currency, growth would be maintained.

• Full-year Vertical Solution revenue, including ADLINK consolidation, is projected to increase low single digits compared to 2024.

• Original guidance targeted 10% year-over-year revenue growth, but currency headwinds have reduced this to low single digits.

• Mobility Solutions expected to decline mid-single digit percent QoQ in 3Q25.

• Management expects continued focus on value transformation and expansion in smart mobility and vertical solutions.