Macronix International Second Quarter 2024 Earnings: Beats Expectations

Macronix International (TWSE:2337) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$6.46b (down 13% from 2Q 2023).
• Net loss: NT$286.4m (down from NT$71.0m profit in 2Q 2023).
• NT$0.15 loss per share (down from NT$0.038 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Macronix International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are up 9.5% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Macronix International.

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