VIS Quarterly Sales Report - The Second Quarter 2023

Date:2023-08-01

Hsinchu, Taiwan, August 1st, 2023 - Vanguard International Semiconductor Corporation today announced its consolidated revenue of NT$9,854 million, net income of NT$1,995 million, and EPS of NT$1.21 for the second quarter 2023.

Quarter-over-quarter, the second quarter revenue increased around 20.4% to NT$9,854 million from NT$8,187 million in previous quarter. Year-over-year, revenue for the second quarter decreased around 35.6%. Gross profit margin for the second quarter stayed flat at 30.0% and operating profit margin was around 18.3%.

"Due to the slow end market demand, we see a muted recovery in 3Q23." said Amanda Huang, Vice President & CFO of VIS. Based on the current business outlook, the performance of the third quarter 2023 is expected to be as below:

  • Wafer shipment to increase by 4% to 6% QoQ;
  • Blended ASP to be about flat QoQ;
  • Gross profit margin to be between 25% and 27%.

VIS 2023 second quarter consolidated results:

( Unit：NT$ million, except for EPS )

Item
 2Q'23 Amount
 1Q'23 Amount
 QoQ Inc.(Dec.) ﹪
 2Q'22 Amount
 YoY Inc.(Dec.) ﹪

Net revenue

9,854

8,187

20.4

15,301

(35.6)

Gross profit

2,959

2,459

20.4

7,645

(61.3)

Operating Income

1,806

1,365

32.3

5,912

(69.5)

Income before tax

2,208

1,700

29.9

6,109

(63.9)

Net income

1,995

1,364

46.3

4,887

(59.2)

EPS (NT$)

1.21

0.82

47.6

2.94

(58.8)



VIS Spokesperson：
Amanda Huang
Vice President & CFO
Tel: 886-3-5770355
E-mail: pr@vis.com.tw

Media Contact：
Hui-Chung Su
Section Manager
Public Relations
Tel: 886-3-5770355 ext. 1901
Mobile: 0910-296-018
E-mail: hcsuc@vis.com.tw

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VIS - Vanguard International Semiconductor Corporation published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 07:25:06 UTC.