Realtek Semiconductor Full Year 2023 Earnings: In Line With Expectations

Realtek Semiconductor (TWSE:2379) Full Year 2023 Results

Key Financial Results

• Revenue: NT$95.2b (down 15% from FY 2022).
• Net income: NT$9.15b (down 44% from FY 2022).
• Profit margin: 9.6% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: NT$17.85 (down from NT$31.62 in FY 2022).

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

Realtek Semiconductor Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are up 7.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Realtek Semiconductor you should be aware of, and 1 of them is concerning.

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