WT Microelectronics (3036 TT) held the on-line Investor Conference today to update the financial results of the third quarter of 2021 and business outlook. Consolidated revenue for the third quarter of 2021 was NT$119.1bn (US$4.3bn approximately), net profit was quarterly record high NT$2.3bn (US$82.5mn approximately), up 100% year on year, and EPS was NT$2.85 based on weighted average outstanding shares. Accumulated consolidated revenue for the first to third quarter of 2021 was NT$318.8bn (US$11.4bn approximately), net profit was NT$5.8bn (US$207.2mn approximately), up 127% year on year, and EPS was NT$7.3 based on weighted average outstanding shares.

For the outlook of the fourth quarter of 2021, consolidated revenue is expected to be between NT$116bn to NT$122bn (US$4.16bn to US$4.37bn approximately), flattish quarter on quarter and up 9% year on year at mid-point. Operating profit margin is expected to be 2.25% to 2.45%. For the outlook by applications, mobile phone segment is expected to grow double-digit quarter on quarter due to the new smartphone launch from customers. Automotive segment is expected to grow single-digit quarter on quarter due to sustained solid demand. Industrial segment is expected to stay flattish quarter on quarter. Communication, Computing, and Consumer segments are expected to decline quarter on quarter due to seasonal adjustment but maintain double-digit year on year growth.

Based on revenue mid-point guidance for the fourth quarter of 2021, consolidated revenue of 2021 in terms of US dollar is expected to grow 31% year on year, which is stronger than professional research institution – Gartner’s forecasts of 27% growth for global semiconductor market and 24% growth for global semiconductor market excluding memory in the same period. This proves that WT continues to deliver stronger growth compared with target addressable market. WT keeps optimistic view on the demand growth outlook of semiconductor market and continues pursuing stronger growth and market share expansion. WT will continue strengthening product mix and executing digital transformation to improve operation efficiency in order to pursuing long-term sustainable operating profit growth.