WT Microelectronics Announced Financial Results for the Third Quarter of 2018

WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the third quarter of 2018 and business outlook. Consolidated revenue for the third quarter of 2018 was record high NT$84.8bn, up 59% QoQ and 67% YoY. Operating profit was NT$1,704mn and net profit was NT$988mn, also creating quarterly record high. Weighted average EPS was NT$1.79.

For the accumulated financial results from the first quarter to third quarter of 2018, consolidated revenue grew 45% YoY to NT$187.6bn. Operating profit was NT$3.97bn and net profit increased 20% YoY to NT$2.19bn, also reaching record high. Weighted average EPS was NT$3.96.

For the revenue breakdown by applications in the third quarter of 2018, Communication sector grew QoQ and YoY strongly, due mainly to production hot season from US tier-1 smartphone brand and new business gain. Computing segment also showed strong QoQ and YoY growth, in light of order pull-in from notebook customers and new business gain. Consumer application delivered strong QoQ and YoY growth, thanks to share gain in smart home products and new business. Industrial and Instrument sector grew single digit QoQ and double digit YoY as overall demand growth offset security system order decline. Automotive segment maintained solid double digit QoQ and YoY growth.

For the outlook of the fourth quarter of 2018, revenue is expected to be between NT$85bn to NT$91bn, up 0% to 7% QoQ and 42% to 52% YoY, and operating profit margin is expected to be 1.6% to 1.8%. Communication segment is expected to grow strongest QoQ and YoY, thanks to continued order pull-in from smartphone customer and new business contribution. Computing and Consumer applications are expected to show single digit QoQ decline and double digit YoY growth. Industrial and Instrument sector is expected to decline double digit QoQ and single digit YoY due to the impact from recent environment uncertainty. Automotive segment is expected to deliver single digit QoQ growth and double digit YoY increase thanks to continued semiconductor content increase.