WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the second quarter of 2022 and business outlook. Consolidated revenue for the second quarter of 2022 was NT$130.1bn (US$4.42bn approximately), up 27% year on year, net profit after tax attributable to owners of the parent was NT$2,206mn (US$74.9mn approximately), up 10% year on year, and EPS was NT$2.25 based on weighted average outstanding shares. Consolidated revenue for the first half of 2022 was NT$258bn (US$8.99bn approximately), up 29% year on year, net profit after tax attributable to owners of the parent was NT$4,424mn (US$154.1mn approximately), up 26% year on year, and EPS was NT$5.0 based on weighted average outstanding shares.

For the outlook of the third quarter of 2022, because semiconductor market is in inventory adjustment period, consolidated revenue is expected to be between NT$132bn to NT$140bn (US$4.41bn to US$4.68bn approximately), up 4.5% quarter on quarter and 14.2% year on year at mid-point. Net profit after tax attributable to owners of the parent is expected to be between NT$1,762mn to NT$2,103mn (US$59.0mn to US$70.3mn approximately) and EPS based on weighted average outstanding shares is expected to be between NT$2.01 to NT$2.39.

Despite of the recent global macro economies and semiconductor industry in the down-cycle, WT will continue investing in the high-growth products and applications such as Wide Band Gap (WBG), electric vehicle, energy management, cloud datacenter, and 5G related products to pursue continued market share expansion and sustainable operating profit growth in the long-term.