Sigurd Microelectronics (6257) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue was NT$4,588,274 thousand, up from NT$4,133,154 thousand YoY; net income fell to NT$574,557 thousand from NT$865,309 thousand as non-operating results swung to a loss.

• 9M 2024 revenue reached NT$13,298,805 thousand and net income NT$2,298,799 thousand, versus NT$11,465,932 thousand and NT$1,812,497 thousand in 9M 2023.

Financial highlights

• Q3 gross profit was NT$1,213,681 thousand vs. NT$1,061,115 thousand; operating income was NT$798,862 thousand vs. NT$634,689 thousand YoY.

• Q3 pretax income was NT$731,406 thousand vs. NT$1,074,998 thousand; non-operating income and expenses shifted from NT$440,309 thousand income to NT$67,456 thousand expense.

• 9M gross profit was NT$3,471,398 thousand vs. NT$2,602,620 thousand; operating income was NT$2,246,874 thousand vs. NT$1,464,985 thousand YoY.

• 9M parent-attributable net income was NT$1,985,208 thousand vs. NT$1,477,177 thousand; basic EPS was NT$4.26 vs. NT$3.23 and diluted EPS NT$4.14 vs. NT$3.04.

Segment performance

• 9M packaging and testing revenue was NT$13,258,559 thousand vs. NT$11,436,162 thousand; segment profit before tax was NT$2,875,006 thousand vs. NT$2,208,372 thousand.

• 9M trading revenue was NT$40,246 thousand vs. NT$29,770 thousand; segment profit before tax was NT$19,341 thousand vs. NT$19,283 thousand.