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    2454   TW0002454006

MEDIATEK INC.

(2454)
  Report
End-of-day quote Taiwan Stock Exchange  -  2022-09-22
580.00 TWD   -1.86%
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MediaTek : Reports Second-Quarter Consolidated Results

07/29/2022 | 04:56am EDT
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Today's Information

Provided by: MediaTek Inc.
SEQ_NO 1 Date of announcement 2022/07/29 Time of announcement 16:43:07
Subject
 MediaTek Inc. Reports Second-Quarter Consolidated Results
Date of events 2022/07/29 To which item it meets paragraph 51
Statement
1.Date of occurrence of the event:2022/07/29
2.Company name:MediaTek Inc.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
2Q22 consolidated revenue of NT$155,730 million, up 9.1% from previous
quarter and up 23.9% year-over-year
2Q22 consolidated gross margin of 49.3%, down 1 percentage points from
previous quarter and up 3.1 percentage points year-over-year
2Q22 consolidated operating income of NT$39,181 million, up 7.4% from
previous quarter and up 35.9% year-over-year
2Q22 consolidated net income of NT$35,612 million; EPS of NT$22.39

Consolidated Revenue
MediaTek Inc. today announced financial results of second-quarter
ended June 30, 2022. The second-quarter revenue was NT$155,730 million,
up 9.1% sequentially and up 23.9% year-over-year. The quarter-over-quarter
and year-over-year increases were mainly due to product specifications
upgrade or higher demand across major products.

Consolidated Gross Profit and Gross Margin
The second-quarter gross profit was NT$76,764 million, up 6.9% sequentially
and up 32.3% year-over-year. Gross margin for the quarter was 49.3%,
down 1 percentage points sequentially and up 3.1 percentage points
year-over-year. The quarter-over-quarter and year-over-year changes
in gross margins were mainly due to product mix changes.

Consolidated Net Income, Net Profit Margin and EPS
Net income for the quarter was NT$35,612 million, up 6.6% sequentially
and up 29.1% year-over-year. Net profit margin for the quarter was 22.9%,
decreased from 23.4% in the previous quarter and increased from 22%
in the year-ago quarter. EPS was NT$22.39, up from NT$21.02 in
the prior quarter and NT$17.44 in the year-ago quarter. The
quarter-over-quarter increases in net income and EPS were
mainly due to higher revenue this quarter. The lower net profit
margin compared with last quarter was mainly due to lower gross
margin this quarter. The year-over-year increases in net income,
net profit margin and EPS were mainly due to higher revenue and
gross margin this quarter.

Business Outlook for 3Q22
Consolidated Revenue: Around NT$141.7 billion ~ 154.2 billion, at
a forecast exchange rate of 29.5 NT dollars to 1 US dollar
Consolidated Gross Margin: 49% ± 1.5%
Consolidated Operating Expense Ratio : 26% ± 2%

6.Countermeasures:NA
7.Any other matters that need to be specified:NA

Disclaimer

Mediatek Inc. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 08:54:06 UTC.


© Publicnow 2022
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Sales 2022 581 B 18 246 M 18 246 M
Net income 2022 126 B 3 944 M 3 944 M
Net cash 2022 169 B 5 298 M 5 298 M
P/E ratio 2022 7,33x
Yield 2022 13,0%
Capitalization 923 B 28 987 M 28 987 M
EV / Sales 2022 1,30x
EV / Sales 2023 1,23x
Nbr of Employees -
Free-Float 91,3%
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Number of Analysts 23
Last Close Price 580,00 TWD
Average target price 917,76 TWD
Spread / Average Target 58,2%
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Managers and Directors
Li Hsing Tsai Vice Chairman, CEO & Co-General Manager
Kuan Chou Chen General Manager & Director
Ta-Wei Ku CFO, Spokesman, Head-Finance & Accounting
Ming Chieh Tsai Chairman
Yue Chun Chou Chief Technology Officer & Senior Deputy GM