WT Microelectronics (3036 TT) (“WT”) held its online investor conference today to update the financial results of the third quarter of 2024 and provide business outlook. Unaudited consolidated revenue for the third quarter of 2024 was approximately NT$261.3bn (US$8.09bn), up 7% quarter-on-quarter and 56% year-on-year. Consolidated operating profit was approximately NT$4,173mn (US$129.3mn), down 2% quarter-on-quarter and up 85% year-on-year. Consolidated net profit after tax attributable to owners of the parent was approximately NT$2,836mn (US$87.9mn), up 32% quarter-on-quarter and 122% year-on-year, and EPS was approximately NT$2.54 based on the weighted average outstanding shares.

Unaudited cumulative consolidated revenue for the first three quarters of 2024 was approximately NT$697.6bn (US$21.78bn), up 72% year-on-year. Consolidated operating profit was approximately NT$11.05bn (US$345mn), up 76% year-on-year. Consolidated net profit after tax attributable to owners of the parent was approximately NT$6.58bn (US$205.3mn), up 122% year-on-year, and EPS (after the deduction of dividends for preferred shares) was approximately NT$5.85 based on the weighted average outstanding shares.

For the outlook of the fourth quarter of 2024, based on the exchange rate assumption of one US dollar to 32 NT dollars, the mid-point guidance for consolidated revenue is approximately NT$244.5bn (US$7.64bn), up 29% year-on-year. The mid-point guidance for consolidated operating profit is approximately NT$3,912mn (US$122.3mn), up 104% year-on-year. The mid-point guidance for consolidated net profit after tax attributable to owners of the parent is approximately NT$2,425mn (US$75.8mn), up 132% year-on-year, and the mid-point guidance for EPS is approximately NT$2.18.

The acquisition of Future Electronics in April 2024 marks a significant milestone in the company’s transformation into a world-class enterprise. Moving forward, WT will continue to implement a long-term integration strategy, leveraging the highly complementary business models of both organizations to further enhance our leading position in the global market. By utilizing each other’s strengths and expertise, we will provide comprehensive, end-to-end services to deliver greater value to our customers and suppliers globally.