ChipMOS (Nasdaq: IMOS) posts strong Q4 2025 but weaker full-year profit
Rhea-AI Filing Summary
ChipMOS TECHNOLOGIES INC. reported strong fourth quarter 2025 results but much weaker full-year profit. Q4 2025 revenue reached NT$6,521.1 million, up 6.1% quarter over quarter and 20.8% year over year, driven by surging demand for high-value memory, especially datacenter and AI applications.
Q4 gross margin improved to 14.3%, and net profit attributable to equity holders rose to NT$499.7 million, or NT$0.72 per basic common share and US$0.46 per basic ADS. For full year 2025, revenue grew 5.5% to NT$23,932.9 million, but net profit attributable to equity holders fell to NT$495.1 million from NT$1,420.0 million, mainly due to foreign exchange losses and higher losses from associates.
The company generated net free cash flow of NT$1,554.8 million and ended 2025 with cash and cash equivalents of NT$14,858.9 million. The board authorized a distribution of NT$1.23 per common share from capital surplus, pending shareholder approval at the May 2026 AGM.
Positive
- Strong Q4 2025 rebound: Revenue rose to NT$6,521.1 million, up 6.1% sequentially and 20.8% year over year, with gross margin improving to 14.3% on higher memory demand and better utilization.
- Healthy cash generation and balance sheet: Net free cash flow reached NT$1,554.8 million in 2025, and cash and cash equivalents totaled NT$14,858.9 million, supporting continued operations and shareholder returns.
- Shareholder distribution proposal: The board authorized a distribution of NT$1.23 per common share from capital surplus, pending shareholder approval at the May 2026 AGM, signaling willingness to return capital.
Negative
- Sharp full-year earnings decline: Net profit attributable to equity holders fell from NT$1,420.0 million in 2024 to NT$495.1 million in 2025, a substantial drop despite modest revenue growth.
- Adverse non-operating impacts: Results were pressured by a swing from NT$243 million in foreign exchange gains in 2024 to NT$460 million in foreign exchange losses in 2025 and higher losses from associates.
Insights
Q4 operations rebounded strongly, but full-year profit was hit by FX and associate losses.
ChipMOS shows a notable operating recovery in Q4 2025. Revenue rose to NT$6,521.1 million, up 20.8% year over year, as memory demand for datacenter and AI strengthened. Gross margin improved to 14.3%, reflecting better utilization, especially in memory.
The full-year picture is weaker. Revenue grew 5.5% to NT$23,932.9 million, but net profit attributable to equity holders dropped from NT$1,420.0 million to NT$495.1 million. Management attributes this mainly to a swing from foreign exchange gains of NT$243 million in 2024 to foreign exchange losses of NT$460 million in 2025, plus higher losses from associates.
Cash generation remains solid, with net free cash flow of NT$1,554.8 million and year-end cash and cash equivalents of NT$14,858.9 million. The proposed NT$1.23 per share distribution from capital surplus, subject to approval at the May 2026 AGM, underscores balance sheet strength despite earnings volatility.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2026
Commission File Number 001-37928
ChipMOS TECHNOLOGIES INC.
(Translation of Registrant’s Name into English)
No. 1, R&D Rd. 1, Hsinchu Science Park
Hsinchu, Taiwan
Republic of China
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ☒ Form 40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Dated: February 24, 2026 |
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ChipMOS TECHNOLOGIES INC. (Registrant) |
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By: |
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/S/ S. J. Cheng |
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Name: |
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S. J. Cheng |
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Title: |
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Chairman & President |
EXHIBIT INDEX
Exhibit Number |
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Description |
99.1 |
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Press release issued by ChipMOS on February 24, 2026. |
99.2 |
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ChipMOS fourth quarter and full year 2025 conference call presentation material. |
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Exhibit 99.1 |
Contacts: In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 IR@chipmos.com |
In the U.S. David Pasquale Global IR Partners +1-914-337-8801 dpasquale@globalirpartners.com |
ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Hsinchu, Taiwan – February 24, 2026 - ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported consolidated financial results for the fourth quarter and the full year ended December 31, 2025, with strong growth driven by improving demand for high-value memory solutions, particularly in datacenter and AI-related applications. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.37 against US$1.00 as of December 31, 2025.
All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“Taiwan-IFRS”).
Revenue for the fourth quarter of 2025 was NT$6,521.1 million or US$207.9 million, an increase of 6.1% from NT$6,143.7 million or US$195.8 million in the third quarter of 2025 and an increase of 20.8% from NT$5,399.6 million or US$172.1 million for the same period in 2024. Revenue for the fiscal year ended December 31, 2025 was NT$23,932.9 million or US$762.9 million, an increase of 5.5% from NT$22,695.9 million or US$723.5 million for the fiscal year ended December 31, 2024.
Net non-operating expenses in the fourth quarter of 2025 was NT$23.8 million or US$0.8 million, compared to net non-operating income of NT$68.5 million or US$2.2 million in the third quarter of 2025, and net non-operating income of NT$154.6 million or US$4.9 million in the fourth quarter of 2024. The difference between the third quarter of 2025 is mainly due to the increase of share of loss of associates accounted for using equity method of NT$99 million or US$3.2 million. The difference between the fourth quarter of 2024 is mainly due to the increase of share of loss of associates accounted for using equity method of NT$110 million or US$3.5 million, the decrease of foreign exchange gains of NT$53 million or US$1.7 million and the increase of interest expense of NT$11 million or US$0.4 million.
Net non-operating expenses of the Company for the fiscal year ended December 31, 2025 was NT$555.4 million or US$17.7 million, compared to net non-operating income of NT$373.1 million or US$11.9 million for the fiscal year ended December 31, 2024. The difference is mainly due to the adverse impact on the foreign exchange of NT$703 million or US$22.4 million from the foreign exchange gains of NT$243 million or US$7.7 million in 2024 to the foreign exchange losses of NT$460 million or US$14.7 million in 2025, the adverse impact on share of associates accounted for using equity method of NT$146 million or US$4.7 million from the share of profit of associates accounted for using equity method of NT$3 million or US$0.1 million in 2024 to the share of loss of associates accounted for using equity method of NT$143 million or US$4.6 million in 2025 and the gain on disposal of non-current assets held for sale of NT$72 million or US$2.3 million in 2024.
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Net profit attributable to equity holders of the Company for the fourth quarter of 2025 was NT$499.7 million or US$15.9 million, and NT$0.72 or US$0.02 per basic common share, as compared to NT$352.2 million or US$11.2 million, and NT$0.50 or US$0.02 per basic common share in the third quarter of 2025. This compares to NT$232.2 million or US$7.4 million, and NT$0.32 or US$0.01 per basic common share in the fourth quarter of 2024. Net earnings for the fourth quarter of 2025 were US$0.46 per basic ADS, compared to US$0.32 per basic ADS for the third quarter of 2025 and US$0.20 per basic ADS in the fourth quarter of 2024.
Net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2025 was NT$495.1 million or US$15.8 million, and NT$0.70 or US$0.02 per basic common share, compared to net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2024 was NT$1,420.0 million or US$45.3 million, and NT$1.95 or US$0.06 per basic common share. Net earnings for the fiscal year ended December 31, 2025 were US$0.44 per basic ADS compared to US$1.24 per basic ADS for the fiscal year ended December 31, 2024.
Net free cash flow for the full year 2025 was NT$1,554.8 million or US$49.6 million with a strong balance of cash and cash equivalents of NT$14,858.9 million or US$473.7 million.
Fourth Quarter and Full Year 2025 Investor Conference Call / Webcast Details
Date: Tuesday, February 24, 2026
Time: 3:00PM Taiwan (2:00AM New York)
Dial-In: +886-2-33961191
Password: 1048024 #
Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts approximately 2 hours after the live call ends
Language: Mandarin
Note: A transcript will be provided on the Company’s website in English following the conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.
Forward-Looking Statements
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.
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February 2026 Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services 4Q25 & Full Year Results Conference Exhibit 99.2
Safe Harbor Notice This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.
Agenda Welcome 4Q25/FY2025 Operating Results S.J. Cheng 4Q25/FY2025 Financial Results Silvia Su Business Outlook S.J. Cheng Q&A
4 4Q25/FY2025 Operating Results
4Q25 Revenue: NT$6,521.1M (QoQ: +6.1%, YoY: +20.8%) Gross Margin: 14.3% (QoQ: +1.9ppts, YoY: +4.8ppts) FY2025 Revenue: NT$23,932.9M (YoY: +5.5%) Gross Margin: 10.8% (YoY: -2.2ppts) Revenue & Gross Margin 5
Utilization Rate 6 4Q25: 75% 3Q25: 68% 4Q24: 54% 4Q25: 53% 3Q25: 57% 4Q24: 54% 4Q25: 60% 3Q25: 67% 4Q24: 65% 4Q25: 65% 3Q25: 66% 4Q24: 59% 4Q25: 65% 3Q25: 70% 4Q24: 61%
4Q25 Revenue Breakdown Product Manufacturing Site
Revenue Breakdown － Memory 8 4Q25: 49.9% (QoQ: +7.9%, YoY: +55.3%)
Revenue Breakdown － DDIC + Gold Bump 9 4Q25: 40.2% (QoQ: +2.6%, YoY: -4.9%)
Revenue Breakdown － End Market 10 DDIC & Gold bump Memory & Mixed-signal Content Performance of 4Q25 Smart Mobile TV Computing Auto/Industrial Consumer Smart phone Wearable Watch, TWS UHD/4K/8K TV OLED TV NB/Tablet PC / Server SSD In-car infotainment ADAS / sensor Game, DSC, STB Smart speaker E-paper, Internet Note: Move “Watch” & “TWS” to “ Smart Mobile” from “Consumer” since 1Q24
11 4Q25/FY2025 Financial Results
Consolidated Operating Results Summary
Consolidated Statements of Comprehensive Income Note (1) : QoQ: Difference mainly due to the increase of share of loss of associates accounted for using equity method of NT$99M. YoY: Difference mainly due to the increase of share of loss of associates accounted for using equity method of NT$110M, the decrease of foreign exchange gains of NT$53M and the increase of interest expense of NT$11M.
Consolidated Statements of Comprehensive Income Note (1): Difference mainly due to the adverse impact on the foreign exchange of NT$703M from the foreign exchange gains of NT$243M in 2024 to the foreign exchange losses of NT$460M in 2025, the adverse impact on share of associates accounted for using equity method of NT$146M from the share of profit of associates accounted for using equity method of NT$3M in 2024 to the share of loss of associates accounted for using equity method NT$143M in 2025 and the gain on disposal of non-current assets held for sale of NT$72M in 2024.
Consolidated Statements of Financial Position & Key Indices
Consolidated Statements of Cash Flows Notes : Free cash flow was calculated by adding depreciation, amortization, interest income together with operating profit and then subtracting CapEx, interest expense, income tax expense and dividend from the sum. (2) Difference mainly due to a reduction in CapEx of NT$1,785M, a cash dividend paid of NT$436M and the increase of depreciation expenses of NT$245M.
Capital Expenditures & Depreciation 17 4Q25 CapEx: NT$1,710.8M Depreciation: NT$1,244.3M FY2025 CapEx: NT$3,666.1M Depreciation: NT$5,100.7M
18 Business Outlook
Market & Business Outlook Surging demand for memory solutions from Datacenter and AI-related applications continues to drive sustained long-term growth Expect normal seasonal patterns in 2026, with Q1 impacted by fewer working days, and 2H26 stronger than 1H26 Maintain highly disciplined approach to capital spending Memory: Momentum expected to be better than DDIC led by customers’ re-stocking and solid demand DRAM demand continues to rebound Flash momentum slightly slow down Planned OSAT price increase DDIC: Ongoing consumer end-demand softness industry-wide Auto panel and wearable product momentum is stable compared with other DDIC products but still in recovery phase Mixed-signal: Product diversification drives growth momentum
Q&A www.chipmos.com