MediaTek's Q3 consolidated revenue was NT$142.161 billion, an increase of 8.4% year-on-year

According to Taiwanese media "Economic Daily", MediaTek, a major mobile phone chip maker, announced its third-quarter financial report yesterday (28). MediaTek's third-quarter consolidated revenue was NT$142.161 billion, down 8.7% quarter-on-quarter, but up 8.5% over the same period last year. The third-quarter revenue was slightly higher than the lower edge of the original forecast range with a difference of about NT$400 million.

According to reports, the consolidated operating profit of MediaTek in the third quarter was NT$33.054 billion, a quarterly decrease of 15.6%. The net profit after tax in a single quarter reached NT$31.085 billion. Among them, the consolidated gross profit margin was 49.3%, and the cumulative performance for the first three quarters was NT$440.601 billion, an annual increase of 20.7%. Net profit was NT$31.085 billion, a quarterly decrease of 12.7% and an annual increase of 9.6%. Net earnings per share were NT$19.54, the lowest in the past three quarters, and suspended revenue and profit hit highs.

MediaTek said that due to factors such as the Russian-Ukrainian war, inflation, and interest rate hikes, the overall market demand for consumer electronics, smartphones, PCs and NBs has been weak. MediaTek has previously lowered its performance growth rate this year. The expected growth rate of this year's performance has been revised from the original estimate of 20% to between 17% and 19%. As for the annual gross profit margin forecast, it will remain between 48% and 50%.