ChipMOS Technologies (NASDAQ:IMOS) Q2 2022 Earnings Conference Call August 4, 2022 3:00 AM ET
Company Participants
G.S. Chen - Investor Relations
S.J. Cheng - Chairman and President
Silvia Su - Vice President, Finance and Accounting Management
Conference Call Participants
Jerry Su - Credit Suisse
Operator
Greetings, and welcome to the ChipMOS Second Quarter 2022 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. Chen, 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. Chen
Thank you, operator. Welcome everyone to ChipMOS second quarter 2022 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.
As 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
[Interpreted]
Yes, thank you, G.S. We appreciate everyone joining our call today. We continue to deliver revenue growth, profit expansion and strong financial results. Our strong results show the good job we have been doing so far with the near-term supply chain, global inflation and recent macro end-market weakness.
In terms of Q2 2022, for ChipMOS even with the headwind of geopolitics, global inflation and end-demand noise in Q2, our revenue was up 1.9% from Q1 2022 and was down just 1.9% year-over-year. We are very pleased that gross margin increased 40 basis points to 25.4%, compared to Q1 2022. This remains a priority for us. We are also pleased with our management of operating expenses, which came at 7.1% of revenue for Q2.