Q2 2026 ChipMOS Technologies Inc Earnings Call Transcript
Key Points
- ChipMOS TECHNOLOGIES Inc (IMOS) achieved its highest quarterly revenue since 2014, with Q2 2026 revenue up 28.7% year-over-year.
- Gross margin improved significantly, increasing 420 basis points quarter-over-quarter to 18.0%.
- The company reported a record net earnings per basic share of TWD1.28 in Q2 2026, a strong turnaround from a net loss in the prior year.
- Memory product revenue surged over 46% year-over-year, driven by strong demand for DRAM and flash products.
- The company is expanding into high-growth areas like silicon photonics and AI ASIC testing, with strategic capacity investments and a new facility in Tainan Science Park.
- ChipMOS TECHNOLOGIES Inc (IMOS) faces rising material costs, including substrates, lead frames, and gold, which pressure margins.
- The company's CapEx is expected to exceed 25% of revenue in both 2026 and 2027, potentially straining cash flow.
- Flash product momentum is slightly trailing DRAM due to customer inventory adjustments.
- Computing segment revenue decreased 23.7% quarter-over-quarter, indicating softness in that market.
- The company is monetizing low-end DDIC assets, suggesting a strategic shift away from certain legacy product lines.
Greetings, and welcome to the ChipMOS 2026 results semiannual conference call. (Operator Instructions)
I would now like to turn the conference over to Dr. G.S. Shen, of ChipMOS Technologies Strategy and Investor Relations team to introduce the management team of the company in conference.
Dr. Shen, you may begin.
Thank you, operator. Welcome everyone to ChipMOS' 2026 results semiannual conference call.
Joining us today from the company are Mr. S.J. Cheng, Chairman and President; and Ms. Silvia Su, Vice President of Finance and Accounting Management Center. We are also joined on the call today by Mr. Jesse Huang, Spokesperson and Senior Vice President of Strategy and Investor Relations.
S.J. will chair the meeting and review business highlights from the second-quarter 2026 and provide more color on the operating environment. After Silvia's review of the company's key financial results, S.J. will provide our current business
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