Macronix International Co Ltd
TWSE:2337

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Macronix International Co Ltd
TWSE:2337
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Price: 21.75 TWD 3.57%
Market Cap: 40.3B TWD
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Earnings Call Transcript

Earnings Call Transcript
2023-Q2

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Operator

Good day, and thank you for standing by. Welcome to Macronix International Co., Ltd. Second Quarter 2023 Earnings Webcast Conference Call. [Operator Instructions] After the speaker's presentation, there will be a question-and-answer session.

The presentation and discussion contain certain forward-looking statements with respect to the results of operations, financial condition and current expectations. The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual results to differ materially from those expressed or implied by such statements.

Such risks and uncertainties include but are not limited to the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry-wide shifts in supply and demand for semiconductor products, industry overcapacity, availability of manufacturing capacity, financial stability in end markets and other risks.

The forward-looking statements in this release reflect the current belief of Macronix as of the date of this release, and Macronix undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Dr. C.Y. Lu, President of Macronix. Please go ahead, sir.

C
Chih-Yuan Lu
executive

Okay. Welcome, everybody. Ladies and gentlemen, welcome to the Macronix International investor conference of second quarter '23.

Here, I'll just give you the financial highlights of our second quarter results. As you can see from this slide, our second quarter '23 revenue is TWD 7.4 billion, versus the first quarter TWD 7.1 billion and the second quarter of last year that's TWD 11.3 billion. The gross margin this quarter is 28.3%, and the last quarter is 25.1%, and last year is 48.2%. And the operating margin percentage is minus 2.2% of this quarter, and the last quarter is minus 6.2% versus last year, 26.3%.

This is our second quarter summary report, and I will also brief you the first half of '23 financial highlights. The first half, the total revenue is TWD 14.5 billion versus the last year TWD 22.9 billion. Gross margin percentage is 26.8% versus last year of 48.3%. Plus the operating margin percentage this first half is minus 4.2% versus the last year 27%.

And then I will ask our Chief Financial Officer, Paul Yeh, to give you more detailed results. Paul?

P
Pei-Fu Yeh
executive

Okay. Thank you, Dr. Lu. Thank you for everyone who joined the Macronix International second quarter webcasting. This financial result is based on Taiwan International Financial Standards, IFRS.

Now I'm going straight to my language commentary and use the Mandarin to describe the whole financial result.

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C
Chih-Yuan Lu
executive

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P
Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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P
Pei-Fu Yeh
executive

Okay. Next question came from [ Kensha Jaho ]. He highlights 2 questions. Number one, I think we just replied about the 45-nanometer NOR and 3D NOR. And we will reply about what will be the initial applications for the [ 4S-nanometer ], which means, I think, it's the 45-nanometer NOR.

C
Chih-Yuan Lu
executive

Yes. [Foreign Language]

P
Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
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Chih-Yuan Lu
executive

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Pei-Fu Yeh
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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Pei-Fu Yeh
executive

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Chih-Yuan Lu
executive

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Operator

Thank you. That concludes today's conference call. Thank you for participating. You may now disconnect.

C
Chih-Yuan Lu
executive

Thank you. Bye-bye.

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