MediaTek Full Year 2024 Earnings: EPS Beats Expectations

MediaTek (TWSE:2454) Full Year 2024 Results

Key Financial Results

• Revenue: NT$530.6b (up 22% from FY 2023).
• Net income: NT$106.4b (up 38% from FY 2023).
• Profit margin: 20% (up from 18% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: NT$66.92 (up from NT$48.51 in FY 2023).

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

MediaTek EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%.

In the last 12 months, the only revenue segment was Multimedia and Mobile Phone Chips and Other Integrated Circuit Design Products contributing NT$530.6b. Notably, cost of sales worth NT$267.2b amounted to 50% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to NT$132.0b (82% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of NT$3.98b. Explore how 2454's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% 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 4.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for MediaTek that you need to be mindful of.

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