ChipMOS TECHNOLOGIES, Inc. (NASDAQ:IMOS) Q3 2023 Earnings Conference Call November 2, 2023 3:00 AM ET
Company Participants
G.S. Shen - Strategy & IR
S.J. Cheng - Chairman & President
Silvia Su - VP, Finance & Accounting Management Center
Jesse Huang - Spokesperson & SVP, Strategy & IR
Conference Call Participants
Stanley Wang - SinoPac
Operator
Greetings, and welcome to the ChipMOS Third Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.
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.
G.S. Shen
Thank you, Operator. Welcome everyone to ChipMOS' third quarter 2023 results 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 and provide color on the operating environment. After Silvia's review of the company's key financial results, S.J. will provide our current business outlook. All company executives will then participate in an open Q&A session.
Please note, we have posted a presentation on the MOPS and also on the ChipMOS' website www.chipmos.com to accompany today's conference call.
Before we begin the prepared comments, we advise you to review our forward-looking statements disclaimer, which is noted as the "Safe Harbor Notice" on the second page of today's presentation.
As a reminder, today's conference call is being recorded and a replay will be made available later today on the company's website.
At this time, I'd like to now turn the call over to our company's Chairman and President, Mr. S.J. Cheng. Please go ahead, sir.
S.J. Cheng
Yes, thank you, GS. We appreciate everyone joining our call today.
We delivered revenue growth, increased utilization and healthy profitability, which we are happy to see given the many market challenges.
In terms of Q3 highlights, our Q3 revenue increased 2.5% from Q2 2023. Q3 gross margin came in at 15.9%, down 140 basis points compared to Q2 2023. Net earnings were NT$0.8 in Q3 2023, a decrease of NT$0.06 compared to NT$0.86 of Q2 2023. For the first nine months of 2023 EPS was NT$1.94.