WT Microelectronics (3036 TT) held the on-line Investor Conference today to update the financial results of the first quarter of 2021 and business outlook. Consolidated revenue for the first quarter of 2021 was NT$97.6bn, operating profit was NT$2.01bn, net profit was quarterly record high NT$1.51bn, up 145% year on year, and EPS was NT$1.92 based on weighted average outstanding shares.

For the outlook of the second quarter of 2021, revenue is expected to be between NT$92bn to NT$98bn, up 23% to 31% year on year. Smartphone segment is expected to continue declining quarter on quarter due to seasonal inventory adjustment but grow year on year. All other segments including Computing, Consumer, Industrial, and Automotive are expected to grow both quarter on quarter and year on year thanks to sustained demand.

WT’s revenue’s compound average growth rate reaches 25% in the past five years, outperforming overall semiconductor distribution market. International financial magazine – The Financial Times recently ranks WT in the Top-500 High-Growth Companies Asia-Pacific 2021. WT keeps optimistic view on the demand growth of semiconductor market and will continue expanding value added services, increasing market share, and improving operation efficiency by executing digital transformation in order to pursuing long-term sustainable operating profit growth.