Alchip Technologies Q3 Revenue Sets Fiscal Year ’22 Record – Yahoo Finance
Operating Income and Net Income Up Year-on-Year
Alchip Q3’22 Revenue Breakdown by Process Node
Taipei, Taiwan, Nov. 29, 2022 (GLOBE NEWSWIRE) — Alchip Technologies set a fiscal year 2022 record with Q3 revenue reaching $117.5 million, reflecting a year-on-year increase of 28 percent over Q3 2021 revenue of $94.1 million, and a quarter-on-quarter increase of 16.2 percent over Q2 2022 revenue of $101.1 million.
Operating income for Q3 2022 is $18.6 million, representing a 21.9 percent year-on-year increase over Q3 2021 results of $14.4 million, but a decline of 3.6 percent from Q2 2022 operating income of $19.3 million.
Net income for Q3 2022 is $14.5 million, equating to a year-over-year increase of 12.6 percent over Q3 2021 net income of $12.9 million, and a slight 0.5 percent increase over Q2 2022 net income of $14.49 million.
Advanced technology, production and designs for 7nm and smaller line-width, accounted for 69 percent of Q3 2022 revenue and 66 percent of revenue for fiscal 2022 to date. High-performance computing applications drove 78 percent of Q3 2022 revenue and 78 percent of revenue for fiscal year to date.
For the second consecutive quarter, North America, accounted for the largest share of Q3 2022 revenue at 39 percent, followed by Asia Pacific at 38 percent. For fiscal year 2022, North America markets contributed 36% of revenue, after accounting for only 14 percent for all of 2021.
Management reports that Q3 revenue came mildly lower than expected because production revenue still suffered from tight ABF substrate supply constraints.
“On the other hand, design demand remained robust as most of the projected milestones came in on schedule, but profit margin was down due to a higher percentage of production revenue and other one-time expenses,” explained Alchip President and CEO, Johnny Shen.
Alchip is traded on the Taiwan stock exchange. The company is extremely well respected in North America, Japan, Israel, Taiwan, and China for its high-performance ASIC design methodology, flexible business model, best-in-class IP portfolio and advanced packaging technology expertise.
For a more information on Alchip, go to www.alchip.com
About Alchip
Alchip Technologies Ltd., founded in 2003 and headquartered in Taipei, Taiwan, is a leading global provider of silicon and design and production services for system companies developing complex and high-volume ASICs and SoCs. The company provides faster time-to-market and cost-effective solutions for SoC design at mainstream and advanced, including 7nm, 6nm, 5nm and 4nm processes. Alchip has built its reputation as a high-performance ASIC leader through its advanced 2.5D/3D package services, CoWoS/chiplet design and manufacturing experience. Customers include global leaders in AI, HPC/supercomputer, mobile phones, entertainment device, networking equipment and other electronic product categories. Alchip is listed on the Taiwan Stock Exchange (TWSE: 3661), is a TSMC-certified Value Chain Aggregator and is a founding member of the new TSMC 3DFabric Alliance®.
Attachment
Alchip Q3’22 Revenue Breakdown by Process Node
Related Quotes
Investors may be reacting to positive short-term news, but a longer-term development also provided them with a boost of confidence.
Shares of CrowdStrike plummeted after the company's third-quarter earnings results showed its Q4 revenue guidance missed expectations.
Standing here at the tail end of 2022, we can see the next year through the mist of uncertainty – and for now, that view is dominated by high inflation, rising interest rates and potential recession. Looking at the market situation, Goldman Sachs strategist Christian Mueller-Glissmann writes: "We remain defensive for the 3-month horizon with further headwinds from rising real yields and lingering growth uncertainty… The growth/inflation mix remains unfavorable – inflation is likely to normaliz
Buffett is dropping these blue chips. It might be time to pick them up.
XPeng expects to deliver about 20,500 vehicles in the fourth quarter, down from 29,570 delivered in the third quarter and 34,422 in the second quarter of 2022.
Bank of America analysts said this week the S&P 500 could plunge as much as 24% next year as a result of the Federal Reserve's quantitative tightening.
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two…
Cash flow remains king.
The largest U.S.-based cryptocurrency exchange Coinbase Global Inc. announced that its wallet will no longer be supporting Ethereum Classic (ETC), Bitcoin Cash (BCH), XRP and Stellar (XLM).
Shares of Nvidia (NASDAQ: NVDA) look set to end 2022 on a high — the stock is up 20% in the past month, and the company's latest results seem to give Wall Street hope that its fortunes could turn around in 2023. The segment's revenue increased 31% year over year to $3.8 billion, accounting for 64% of the company's top line.
It should be obvious that billionaires don’t accumulate wealth by accident. Their success is predicated on observation and savvy investment, and a privileged background helps. Billionaires like Microsoft Corp. co-founder Bill Gates likely saw an opportunity for land investment to return tenfold, by way of food shortages, well ahead of time. So it should be no surprise that the real estate investing platform Arrived Homes, backed by Amazon.com Inc. founder Jeff Bezos is taking off. He had the for
Royal Bank of Canada7 (TSX: RY) (NYSE: RY) today reported net income of $15.8 billion for the year ended October 31, 2022, down $243 million or 2% from the prior year. Diluted EPS8of $11.06 remained unchanged from the prior year. Our consolidated results include total PCL of $484 million compared to $(753) million last year, primarily reflecting lower releases of provisions on performing loans in Personal & Commercial Banking and Capital Markets due to unfavourable changes in our macroeconomic o
EU inflation falls to 10% in November – its first fall in 17 months.
Cathie Wood makes big bets on potential huge winners. But Ark Invest's top 10 holdings, including Tesla and Roku, have tumbled in 2022.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Marathon Oil…
China EV sales are seen rising in the final months of 2022. Covid lockdowns and supply issues have weighed on Nio and rivals.
Investors looking for a guiding hand to steer them safely through the current hazardous stock market landscape could do worse than listen to what billionaire Ken Fisher has to say. The Fisher Investments founder famously started his independent money management firm with $250 in 1979, a company that is now a $197-plus billion going concern, while Fisher’s own net worth stands north of $5 billion. So, for those getting restless from 2022’s unrelenting bear, Fisher has some very simple advice: "Th
Cathie Wood and Warren Buffett have extremely different approaches when it comes to investing. While Wood tends to invest in high-flying growth stocks, Buffett is usually seen as a value investor who also loves companies that return capital to shareholders. Buffett has said in the past that he wouldn't buy all of the Bitcoin in the world for $25.
Energy is everywhere, in everything we do; we can’t avoid it. The sheer ubiquity of the sector is one major factor drawing investors to it. After all, energy companies will always be able to find customers for their products, and will never lack for sales. Energy companies have also been seen as a hedge against inflation. The energy sector has been riding high this year, with the S&P 500 energy index up 61% year-to-date. So the question for investors is, do energy stocks have more room to run? A
Royal Bank of Canada (the "Bank") (TSX: RY) (NYSE: RY) announced today that its board of directors has declared an increase to its quarterly common share dividend of four cents or three per cent, to $1.32 per share, payable on and after February 24, 2023, to common shareholders of record at the close of business on January 26, 2023.