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ChipMOS Technologies Q2 revenue as expected

Staff Writer | October 7, 2016
ChipMOS Technologies reported its unaudited consolidated revenue. Revenue reported for the second quarter ended June 30, 2016 was inline with the company's outlook.
ChipMOS Technologies   Revenue to be approximately $150 million in Q3 2106
The outlook was for an increase in the low single digits as compared to Q1 201, with gross margin expected to be approximately 17.1%, as compared to guidance of approximately 17% to 21%.

The company noted it expects revenue to be approximately $150 million in Q3 2106 and in 4Q16, reflecting the more cautious, near-term post-Brexit market environment facing its customers, and ongoing macro softness in the small panel market, notably for LCD drivers targeted for use in mobile phones and consumer devices.

The company expects this period of revenue stabilization to be followed by a return to revenue growth into 2017, as it ramps production in its Shanghai facility, and as the company benefits from an improved macro environment.

Revenue for the second quarter of 2016 was NT$4,727.1 million or $146.7 million, representing an increase of 0.1% from the first quarter of 2016, and a decrease of 6.7% from the same period in 2015.

Revenue for the month of June 2016 was NT$1,618.1 million or $50.2 million, an increase of 4.4% from the month of May 2016 and a decrease of 4.2% from the same period in 2015.