TXC (3042) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2024 reached NT$6,532,990 thousand, up 15% year-over-year from NT$5,676,303 thousand.

• Net income for the same period was NT$840,041 thousand, a 20% decrease from NT$1,056,206 thousand year-over-year.

• Gross margin for H1 2024 was 34%, down from 37% in H1 2023.

• The company remains a leading supplier of quartz components and sensors for diverse applications, with ongoing ESG and sustainability initiatives.

Financial highlights

• Operating income for H1 2024 was NT$1,065,146 thousand, up 9% year-over-year.

• Earnings per share (EPS) for H1 2024 were NT$2.46 basic and NT$2.44 diluted, compared to NT$3.40 and NT$3.28 in H1 2023.

• Cash and cash equivalents at June 30, 2024, were NT$5,942,761 thousand, up from NT$5,646,074 thousand a year earlier.

• Total assets increased to NT$23,147,084 thousand from NT$21,601,870 thousand year-over-year.

• Operating cash flow for H1 2024 was NT$1,599,890 thousand, up from NT$1,432,526 thousand year-over-year.

Outlook and guidance

• The company continues to invest in R&D and capacity expansion, with significant capital commitments for equipment and facilities.

• Management expects ongoing demand in IoT, automotive, and 5G markets to support future growth.