ChipMOS Technologies Inc. posted third‑quarter 2025 revenue of NT$6,143.7 million (US$201.7 million), a 7.1 % increase from the second quarter and a modest 1.2 % rise from the same period last year. The sequential growth was driven by a 4 % lift in the company’s high‑margin memory segment, which accounted for roughly 60 % of total revenue, while legacy logic and test services grew at a slower pace. The year‑over‑year gain reflects a rebound in global memory demand after a dip in the first half of 2024.
Net profit swung to NT$352.2 million (US$11.6 million) from a Q2 loss of NT$533.1 million, giving basic earnings per share of US$0.33 versus a loss of US$0.49. The profit turnaround was largely a result of a $2.8 million foreign‑exchange gain, compared with a $690 million loss in Q2, and a 6.8‑percentage‑point jump in gross margin from 6.6 % to 12.4 %. The margin expansion was driven by higher pricing in the memory segment and improved operational leverage as utilization rose to 66 % from 65 %.
Memory products, which benefit from higher pricing power and lower raw‑material volatility, contributed 3.7 % of revenue growth and 4.5 % of profit growth. In contrast, logic and test services saw a 2 % decline in revenue and a 3 % decline in margin, underscoring the company’s shift toward higher‑margin offerings. The company’s utilization rate, a key indicator of capacity efficiency, increased to 66 % in Q3, supporting the margin improvement.
Cash and cash equivalents stood at NT$12,977.0 million (US$426.0 million) at quarter end, and the first nine months of 2025 generated a net free‑cash‑flow inflow of NT$1,520.5 million (US$49.9 million). The strong liquidity position gives ChipMOS flexibility to fund capital expenditures, pursue strategic acquisitions, and consider share repurchases without compromising working‑capital needs.
Management reaffirmed its positive outlook for the remainder of 2025, maintaining revenue guidance that remains above analyst consensus and emphasizing continued focus on the memory segment and operational efficiency. While the company did not revise its full‑year guidance, it highlighted confidence in sustaining the current margin trajectory and cash‑flow generation.
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