ChipMOS TECHNOLOGIES (8150) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue reached NT$6,144 million, up 7.1% sequentially and 1.2% year-over-year, with strong memory product demand, especially in AI, computing, and data centers.

• Gross margin improved to 12.4% (up 5.8ppts QoQ), but down 1.5ppts YoY; net profit rebounded to NT$352 million, reversing a prior loss.

• EPS was NT$0.50, up from a loss of NT$0.75 in Q2 2025 and NT$0.41 in Q3 2024.

• The company maintained a strategic focus on CapEx, balance sheet strength, and shareholder value.

• For the nine months ended September 30, 2025, revenue was NT$17,411.8 million, nearly flat year-over-year, with a net loss of NT$4.6 million due to lower gross margin and FX losses.

Financial highlights

• Q3 2025 revenue was NT$6,144 million, up 7.1% from Q2 2025 and 1.2% year-over-year; 9M 2025 revenue was NT$17,411.8 million, up 0.7% YoY.

• Gross margin in Q3 was 12.4% (up 5.8ppts QoQ, down 1.5ppts YoY); 9M gross margin was 10%, down from 14% YoY.

• Net profit in Q3 was NT$352 million; 9M net loss was NT$4.6 million.

• Operating profit margin in Q3 rose to 6.0% from 0.4% in Q2 2025; 9M operating margin was 3%, down from 7% YoY.

• Net non-operating income in Q3 swung positive due to FX gains; 9M period saw significant FX losses.

Outlook and guidance

• Memory market momentum expected to remain solid, led by DRAM and enterprise NAND demand for AI/cloud, though flash may slow due to customer stock adjustments.

• DDIC demand for TV and smartphones expected to soften, but automotive and OLED segments remain stable.

• Mixed-signal segment targets long-term growth via AI-related ASICs.

• Conservative view on end consumer demand due to global economic uncertainties.

• Management highlighted ongoing capital investments and share repurchase programs.