MediaTek's third-quarter net profit was NT$18.48 billion: down 40% year-on-year, but higher than expected

According to news from this site on October 27, MediaTek released its financial report for the third quarter of 2023 today. The net operating income in the third quarter was NT$110.098 billion (Note from this site: currently approximately NT$24.882 billion). A month-on-month increase of 12.2% and a year-on-year decrease of 22.6%.

MediaTek’s operating gross profit in the third quarter was NT$52.192 billion (currently approximately 11.795 billion yuan), an increase of 11.9% from the previous quarter and a decrease of 25.5% year-on-year; the gross profit margin was 47.4%, a decrease of 0.1 percentage point from the previous quarter. , a decrease of 1.9 percentage points compared with the same period last year.

MediaTek’s net profit in the third quarter was NT$18.48 billion (currently about NT$4.176 billion), a year-on-year decrease of 40%, and an estimated NT$16.79 billion.

MediaTek said that its revenue in the third quarter increased compared with the previous quarter, mainly due to some customers replenishing their inventory. Revenue in the third quarter decreased compared with the same period last year, mainly due to the decline in terminal demand.

In the third quarter, net profit for the current period, net profit margin for the current period and earnings per share increased compared with the previous quarter, mainly because the revenue in this quarter was higher than that in the previous quarter. In the third quarter, net profit for the current period, net profit margin for the current period and earnings per share decreased compared with the same period last year, mainly because the revenue and gross profit margin for this quarter were lower than the same period last year.

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