Quanta Computer Second Quarter 2024 Earnings: Beats Expectations

Quanta Computer (TWSE:2382) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$310.0b (up 27% from 2Q 2023).
• Net income: NT$15.1b (up 49% from 2Q 2023).
• Profit margin: 4.9% (up from 4.1% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$3.92 (up from NT$2.63 in 2Q 2023).

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

Quanta Computer Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 41%.

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's shares are down 6.0% from a week ago.

Valuation

Following the latest earnings results, Quanta Computer may be undervalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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