WT Microelectronics (3036 TT) (“WT”) held its online investor conference today to present its financial results for the first quarter of 2025 and provide business outlook. Unaudited consolidated revenue for the first quarter of 2025 was approximately NT$247.4bn (US$7.5bn), declined 6% quarter-on-quarter and increased 28% year-on-year, exceeding the high end of the guidance range of NT$236 bn. Consolidated operating profit was approximately NT$4,570mn (US$138.9mn), representing an 8% increase quarter-on-quarter and a 75% increase year-on-year. Consolidated net profit after tax attributable to owners of the parent was approximately NT$2,707mn (US$82.3mn), increased 7% quarter-on-quarter and 70% year-on-year, exceeding the mid-point guidance of NT$2,570mn. Earnings per share (“EPS”) was approximately NT$2.42 based on the weighted average outstanding shares.
For the outlook of the second quarter of 2025, based on the exchange rate assumption of 1 US dollar to 31.2 NT dollars, the mid-point guidance for consolidated revenue is approximately NT$247.5bn (US$7.93bn), up 2% year-on-year. The mid-point guidance for consolidated operating profit is approximately NT$4,834mn (US$154.9mn), up 13% year-on-year. The mid-point guidance for consolidated net profit after tax attributable to owners of the parent is approximately NT$2,750mn (US$88.1mn), up 28% year-on-year, and the mid-point guidance for EPS is approximately NT$2.21, up 30% year-on year. If excluding the deduction of preferred dividends totaling NT$270mn, the pro forma mid-point guidance for EPS would be approximately NT$2.45.
Tariff-related uncertainties continue to affect the broader economy and industry. Nevertheless, the semiconductor sector shows steady fundamental improvement, with inventory levels normalizing. According to Gartner, semiconductor applications are expected to maintain solid growth in the next few years, driven by AI advancements and increasing digitalization.
In today’s increasingly complex and fast-evolving global supply chain environment, the Company will continue to leverage its global footprint and comprehensive service capabilities to create greater value for customers and suppliers worldwide. At the same time, we remain committed to promoting clean technology products such as green energy, energy storage, and high-efficiency solutions, with the goal of achieving net-zero carbon emissions by 2050. We aim to pursue sustainable long-term growth while prioritizing environmental sustainability.
