WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the third quarter of 2022 and business outlook. Consolidated revenue for the third quarter of 2022 was NT$155.7bn (US$5.15bn approximately), up 31% year on year, net profit after tax attributable to owners of the parent was NT$2,058mn (US$68.1mn approximately), down 11% year on year, and EPS was NT$2.34 based on weighted average outstanding shares. Accumulated consolidated revenue for the first to third quarter of 2022 was NT$413.7bn (US$14.14bn approximately), up 30% year on year, net profit after tax attributable to owners of the parent was NT$6,483mn (US$221.5mn approximately), up 11% year on year, and EPS was NT$7.33 based on weighted average outstanding shares.

For the outlook of the fourth quarter of 2022, consolidated revenue is expected to be between NT$145bn to NT$155bn (US$4.50bn to US$4.81bn approximately), up 16.2% year on year at mid-point. Net profit after tax attributable to owners of the parent is expected to be between NT$949mn to NT$1,283mn (US$29.5mn to US$39.8mn approximately) and EPS based on weighted average outstanding shares is expected to be between NT$1.08 to NT$1.46.

Despite of the global macro economies and semiconductor industry in the down-cycle, WT keeps optimistic view on the long term demand growth outlook of semiconductor market. WT will continue cultivating the high-growth products and applications such as Wide Band Gap (WBG), electric vehicle, energy management, cloud datacenter, and 5G related products to pursue outperformed growth and market share expansion. In addition, WT will continue executing digital optimization and refining operation management system to improve operation efficiency.