Safe Harbor Statement
These factors may cause actual results materially different from the information provided herein. The factors include the impact of competitive products and pricing, timely acceptance of products design 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, market oversupply, availability of manufacturing capacity, financial stability in end markets, potential difficulties in talents retention, unexpected costs and expenses, any merger and acquisition associated uncertainties such as obtaining of regulatory approval or integration delay, loss of significant customers, involvement in legal or administrative proceedings, new regulations that may impact our business operation, fluctuations in foreign exchange rates, global economic conditions or non-economic conditions and any other risks factors.
This presentation also supplements Non Taiwan International Financial Reporting Standards (Non-TIFRS) financial measures which exclude share-based compensation, amortization of acquisition related assets, tax effect and other items. This supplemental information is for reference only, not as a substitute for information based on TIFRS. Your attention is called that final actual earnings distribution will be made in accordance with financial statements based on TIFRS.
Consolidated Revenue
Bar chart showing Consolidated Revenue (NT$ million) for 2Q24, 1Q25, and 2Q25. Revenue figures are 127,271 (2Q24), 153,312 (1Q25), and 150,369 (2Q25). Year-over-year (YoY) growth is 18.1%, and quarter-over-quarter (QoQ) change is -1.9%.
Consolidated Gross Margin
Line chart showing Consolidated Gross Margin (%) for 2Q24, 1Q25, and 2Q25. Gross margins are 48.8% (2Q24), 48.1% (1Q25), and 49.1% (2Q25). Year-over-year (YoY) change is +0.3 percentage points, and quarter-over-quarter (QoQ) change is +1 percentage point.
Consolidated Operating Expenses
Stacked bar chart showing Consolidated Operating Expenses (NT$ million) for 2Q24, 1Q25, and 2Q25, broken down by R&D (base), Admin (middle), and Sales (top). Total operating expenses are 37,181 (2Q24), 43,757 (1Q25), and 44,499 (2Q25). Year-over-year (YoY) growth is 19.7%, and quarter-over-quarter (QoQ) change is +1.7%.
Consolidated Operating Income
Bar chart showing Consolidated Operating Income (NT$ million) for 2Q24, 1Q25, and 2Q25. Operating income figures are 24,956 (2Q24), 30,053 (1Q25), and 29,379 (2Q25). Year-over-year (YoY) growth is 17.7%, and quarter-over-quarter (QoQ) change is -2.2%.
Consolidated Operating Margin
Line chart showing Consolidated Operating Margin (%) for 2Q24, 1Q25, and 2Q25. Operating margins are 19.6% (2Q24), 19.6% (1Q25), and 19.5% (2Q25). Year-over-year (YoY) change is -0.1 percentage points, and quarter-over-quarter (QoQ) change is -0.1 percentage points.
Consolidated Net Income
Bar chart showing Consolidated Net Income (NT$ million) for 2Q24, 1Q25, and 2Q25. Net income figures are 25,955 (2Q24), 29,529 (1Q25), and 28,064 (2Q25). Year-over-year (YoY) growth is 8.1%, and quarter-over-quarter (QoQ) change is -5%.
Consolidated Net Profit Margin
Line chart showing Consolidated Net Profit Margin (%) for 2Q24, 1Q25, and 2Q25. Net profit margins are 20.4% (2Q24), 19.3% (1Q25), and 18.7% (2Q25). Year-over-year (YoY) change is -1.7 percentage points, and quarter-over-quarter (QoQ) change is -0.6 percentage points.
Consolidated Earnings Per Share
Bar chart showing Consolidated Earnings Per Share (NT$) for 2Q24, 1Q25, and 2Q25. EPS figures are 16.19 (2Q24), 18.43 (1Q25), and 17.50 (2Q25). Year-over-year (YoY) change is +$1.31, and quarter-over-quarter (QoQ) change is -$0.93.
Business Outlook
For 2025-Q3, MediaTek currently expects:
- Consolidated revenue: NT$130.1 billion ~ 140 billion, at a forecast exchange rate of 29 NT dollars to 1 US dollar.
- Consolidated gross margin: 47% ± 1.5%.
- Consolidated operating expense ratio: 31% ± 2%.
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
This section provides financial data based on Taiwan-International Financial Reporting Standards (TIFRS).
Consolidated Income Statement (Unaudited)
Note: Sums may not equal totals due to rounding.
| 2Q25 | 1Q25 | 2Q24 | Q-Q | Y-Y | |
|---|---|---|---|---|---|
| Net Sales | 150,369 | 153,312 | 127,271 | (1.9%) | 18.1% |
| Operating costs | (76,491) | (79,503) | (65,135) | ||
| Gross profit | 73,878 | 73,809 | 62,136 | 0.1% | 18.9% |
| Selling expenses | (4,944) | (4,990) | (3,401) | ||
| Administration expenses | (2,632) | (2,985) | (2,947) | ||
| R&D expenses | (36,923) | (35,782) | (30,833) | ||
| Operating expenses | (44,499) | (43,756) | (37,180) | ||
| Operating income | 29,379 | 30,053 | 24,956 | (2.2%) | 17.7% |
| Net non-operating income | 3,849 | 4,500 | 4,241 | ||
| Net income before income tax | 33,228 | 34,553 | 29,197 | ||
| Income tax expense | (5,163) | (5,024) | (3,242) | ||
| Net income | 28,064 | 29,529 | 25,955 | (5.0%) | 8.1% |
| Owners of the parent | 27,848 | 29,325 | 25,716 | (5.0%) | 8.3% |
| Non-controlling interests | 216 | 204 | 240 | ||
| EPS attributable to the parent(NT$) | 17.50 | 18.43 | 16.19 | ||
| Average Exchange Rate - USD/NTD | 30.88 | 32.88 | 32.35 |
Supplemental Information: Percentage of Revenue
Note: Sums may not equal totals due to rounding.
| 2Q25 | 1Q25 | 2Q24 | |
|---|---|---|---|
| Gross profit | 49.1% | 48.1% | 48.8% |
| Selling expenses | (3.3%) | (3.3%) | (2.7%) |
| Administration expenses | (1.8%) | (1.9%) | (2.3%) |
| R&D expenses | (24.6%) | (23.3%) | (24.2%) |
| Operating income | 19.5% | 19.6% | 19.6% |
| Non-operating income | 2.6% | 2.9% | 3.3% |
| Income tax expense | (3.4%) | (3.3%) | (2.5%) |
| Net income | 18.7% | 19.3% | 20.4% |
Balance Sheet Summary (Unaudited)
Note: Sums may not equal totals due to rounding.
| 2Q25 | 1Q25 | 2Q24 | |
|---|---|---|---|
| Cash & financial assets-current | 196,735 | 210,445 | 208,674 |
| Accounts receivable | 69,733 | 79,152 | 45,945 |
| Inventories | 55,482 | 54,537 | 53,578 |
| Other current assets | 27,182 | 34,362 | 23,796 |
| Funds and investments | 148,670 | 169,494 | 159,645 |
| Intangible assets | 81,342 | 81,646 | 82,430 |
| Other non-current assets | 90,071 | 88,648 | 107,307 |
| Total assets | 669,214 | 718,284 | 681,374 |
| Short-term loans | 5,940 | 31,240 | 9,080 |
| Accounts payable | 39,070 | 40,808 | 32,253 |
| Other current liabilities | 213,205 | 224,493 | 224,950 |
| Total non-current liabilities | 26,472 | 25,951 | 24,468 |
| Total equity | 384,528 | 395,792 | 390,624 |
Cash Flow Statement (Unaudited)
Note: Sums may not equal totals due to rounding.
| 2Q25 | 1Q25 | 2Q24 | |
|---|---|---|---|
| Net cash provided by (used in) operating activities | 45,669 | 13,423 | 49,940 |
| Net cash provided by (used in) investing activities | (10,212) | (7,533) | (6,659) |
| Net cash provided by (used in) financing activities | (25,936) | (16,140) | 1,045 |
| Effect of changes in exchange rate on cash and cash equivalents | (19,861) | 2,244 | 2,180 |
| Net increase (decrease) in cash and cash equivalents | (10,340) | (8,007) | 46,507 |
| Cash and cash equivalents at the end of the period | 185,349 | 195,689 | 189,852 |
Reconciliations Of TIFRS Results to Non-TIFRS Results
Note 2: Non-TIFRS financial information should be considered in addition to, not as a substitute for, TIFRS financial information. Reconciliations between TIFRS and Non-TIFRS results include share-based compensation, amortization of acquisition related assets, tax effect and other items. Earnings distribution is made in accordance with financial statements based on TIFRS.
Operating Income Reconciliation
| 2Q25 | 1Q25 | 2Q24 | Q-Q | Y-Y | |
|---|---|---|---|---|---|
| TIFRS Operating income | 29,379 | 30,053 | 24,956 | (2.2%) | 17.7% |
| TIFRS Operating income margin(%) | 19.5% | 19.6% | 19.6% | ||
| Share-based compensation | 517 | 517 | 245 | ||
| Amortization of acquisition related assets | 95 | 95 | 75 | ||
| Non-TIFRS Operating income | 29,990 | 30,665 | 25,276 | (2.2%) | 18.7% |
| Non-TIFRS Operating income margin (%) | 19.9% | 20.0% | 19.9% |
Net Income Reconciliation
| 2Q25 | 1Q25 | 2Q24 | Q-Q | Y-Y | |
|---|---|---|---|---|---|
| TIFRS Net income | 28,064 | 29,529 | 25,955 | (5.0%) | 8.1% |
| TIFRS Net income margin(%) | 18.7% | 19.3% | 20.4% | ||
| TIFRS Net income- Owners of the parent | 27,848 | 29,325 | 25,716 | (5.0%) | 8.3% |
| TIFRS EPS(NT$) | 17.50 | 18.43 | 16.19 | ||
| Share-based compensation | 517 | 517 | 245 | ||
| Amortization of acquisition related assets | 95 | 95 | 75 | ||
| Tax effect | (92) | (91) | (44) | ||
| Non-TIFRS Net income | 28,584 | 30,049 | 26,231 | (4.9%) | 9.0% |
| Non-TIFRS Net income margin (%) | 19.0% | 19.6% | 20.6% | ||
| Non-TIFRS Net income- Owners of the parent | 28,352 | 29,830 | 25,987 | (5.0%) | 9.1% |
| Non-TIFRS EPS(NT$) | 17.81 | 18.74 | 16.36 |
Quarterly Product Group Revenue Breakdown
Note 1: Sums may not equal 100% due to rounding.
| Product Group* | 2Q25 Revenue Breakdown (Note 1) | In NTD revenue | In USD revenue | ||
|---|---|---|---|---|---|
| QoQ% | YoY% | QoQ% | YoY% | ||
| Mobile Phone | 52% | -9% | 13% | -3% | 19% |
| Smart Edge Platforms | 43% | 7% | 26% | 14% | 32% |
| Power IC | 6% | 17% | 11% | 24% | 16% |
| Total | 100% | -2% | 18% | 4% | 24% |
Product Group Definitions:
- Mobile Phone: 5G/4G/3G smartphone and feature phone.
- Smart Edge Platforms: Wireless/wired connectivity and SoC for router, broadband, PON, laptop, wireless headset, smart speaker and automotive; ARM-based computing and IoT; TV; customized service for consumer/enterprise platforms.
- Power IC: Power IC.
Contact Information
For more information, please visit: www.mediatek.com
