Chipmos Technolo Stock Price, News & Analysis

ChipMOS Technologies Inc. (NASDAQ: IMOS) has announced it will report its first quarter 2023 financial results on May 4, 2023, after the market closes. A conference call will be held at 3:00 PM Taiwan time (3:00 AM New York time) for investors and analysts. Participants can join using the provided dial-in number. A webcast and replay will also be accessible on the company’s website. ChipMOS, recognized as a leading provider of outsourced semiconductor assembly and test services, operates advanced facilities in Taiwan and serves global semiconductor companies. A transcript of the call will be available in English post-event to enhance transparency.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported its unaudited revenue for March 2023 and Q1 2023. March 2023 revenue was NT$1,837.7 million (US$60.3 million), a 27.9% increase from February but a 22.0% decrease from March 2022. Q1 2023 revenue totaled NT$4,605.1 million (US$151.1 million), down 1.7% from Q4 2022 and 31.5% year-over-year. The company attributes Q1's decline to fewer working days and seasonal trends. Despite the overall decline, the month of March marks the second consecutive month of revenue growth, driven by increased demand for LCD drivers amid industry-wide inventory adjustments.

ChipMOS TECHNOLOGIES INC. reported its February 2023 unaudited consolidated revenue of NT$1,437.3 million (or US$46.8 million), marking an increase of 8.1% from January 2023. However, this reflects a significant 31.5% decrease compared to February 2022. This month-to-month growth is the first since June 2022. The company continues to face macroeconomic challenges and is working on inventory adjustments with clients.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced it will present at the 2023 BAML APAC TMT Conference on March 15, 2023, at Grand Hyatt Taipei. Management, including Senior VP Jesse Huang, will discuss recent financial results and growth opportunities. Investors can access the presentation on the company's website. ChipMOS specializes in outsourced semiconductor assembly and test services, serving fabless semiconductor companies and integrated device manufacturers from its advanced facilities in Taiwan. The company emphasizes its innovation and strong market presence in the semiconductor industry.

ChipMOS TECHNOLOGIES INC., trading under the symbol IMOS, reported a significant decline in financial performance for the fiscal year 2022. Revenue dropped to US$765.3 million, a 14.2% decrease from US$891.6 million in 2021. Gross margin also fell to 20.9% from 26.5%. Net earnings per ADS decreased to US$3.02 from US$4.53. The company maintained a strong cash position with US$322.1 million in cash equivalents. A distribution of NT$2.3 per share has been authorized, pending shareholder approval at the May 2023 AGM.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported January 2023 revenue of NT$1,330.2 million (US$44.3 million), marking a 14.4% decline from December 2022 and a significant 41.5% drop compared to January 2022. The company attributes this decline to ongoing macroeconomic challenges, customer inventory adjustments, and fewer working days due to the Lunar New Year holiday. Despite these challenges, ChipMOS believes it is well-positioned for recovery, citing stronger exposure to non-consumer segments, prior improvements in operational efficiency, and a solid balance sheet.