Foxsemicon Integrated Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Foxsemicon Integrated Technology (TWSE:3413) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$4.61b (up 55% from 3Q 2023).
• Net income: NT$581.9m (up 23% from 3Q 2023).
• Profit margin: 13% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$5.52 (up from NT$4.87 in 3Q 2023).

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

Foxsemicon Integrated Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Foxsemicon Integrated Technology (1 makes us a bit uncomfortable!) that you need to be mindful of.

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