ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Q1 2023 Earnings Conference Call May 4, 2023 3:00 AM ET
Company Participants
G.S. Shen - Investor Relations
S.J. Cheng - Chairman and President
Silvia Su - Vice President, Finance and Accounting Management
Jesse Huang - Spokesperson and Senior Vice President-Strategy and Investor Relations
Conference Call Participants
Stanley Wang - SinoPack Securities
Jerry Su - Credit Suisse
Operator
Greetings, and welcome to the ChipMOS First 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. GS 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' first 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, G.S. We appreciate everyone joining our call today. We are pleased with our results in Q1, as the industry was impacted by macro-economic weakness, inflation and continued inventory adjustments at customers. In terms of Q1 2023, our Q1 revenue was just slightly down 1.7% from Q4 2022. And as you know there are always fewer working days in Q1 due to holidays. Q1 gross margin came in at 12.4%, down 210 basis points, compared to Q4 2022 with net earnings of NT$0.28 in Q1, increased 27%, compared to NT$0.22 of Q4 2022.