MediaTek (TWSE:2454) Third Quarter 2024 Results
Key Financial Results
- Revenue: NT$131.8b (up 20% from 3Q 2023).
- Net income: NT$25.3b (up 37% from 3Q 2023).
- Profit margin: 19% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$15.94 (up from NT$11.64 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MediaTek Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan.
Performance of the Taiwanese Semiconductor industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
Be aware that MediaTek is showing 2 warning signs in our investment analysis that you should know about...
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About TWSE:2454
MediaTek
Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.
Outstanding track record with flawless balance sheet and pays a dividend.
