MediaTek Inc. Reports Second-Quarter Consolidated Results
MediaTek discloses Taiwan-International Financial Reporting Standards (TIFRS) financial measures and also provides Non-Taiwan-International Financial Reporting Standards (Non-TIFRS)Note1 financial measures as supplemental information. Non-TIFRS financial information should be considered in addition to, not as a substitute for, TIFRS financial information. Earnings distribution is made in accordance with financial statements based on TIFRS.
Taiwan-International Financial Reporting Standards (TIFRS) financial measures
-2Q25 consolidated revenue of NT$150,369 million, down 1.9% quarter-over-quarter and up 18.1% year-over-year
-2Q25 consolidated gross margin of 49.1%, up 1 percentage point quarter-over-quarter and 0.3 percentage points year-over-year
-2Q25 consolidated operating income of NT$29,379 million, down 2.2% quarter-over-quarter and up 17.7% year-over-year
-2Q25 consolidated net income of NT$28,064 million, down 5.0% quarter-over-quarter and up 8.1% year-over-year; EPS of NT$17.50
Consolidated Revenue
MediaTek Inc. today announced financial results of its second quarter ended June 30, 2025. The second-quarter revenue was NT$150,369 million, down 1.9% quarter-over-quarter and up 18.1% year-over-year. The quarter-over-quarter decrease was mainly due to an unfavorable foreign exchange rate. The year-over-year increase was mainly due to higher demand for edge AI SoCs and higher speed connectivity.
Consolidated Gross Profit and Gross Margin
The second-quarter gross profit was NT$73,878 million, up 0.1% quarter-over-quarter and 18.9% year-over-year. Gross margin for the quarter was 49.1%, up 1 percentage point quarter-over-quarter and 0.3 percentage points year-over-year. The quarter-over-quarter and year-over-year increases in gross margin were mainly due to a one-time item with 1.9 percentage points of positive effect.
Consolidated Operating Expenses
Operating expenses for the quarter was NT$44,499 million (29.6% of revenue), compared with NT$43,756 million (28.5% of revenue) in the previous quarter and NT$37,180 million (29.2% of revenue) in the year-ago quarter. The quarter-over-quarter and year-over-year increases were due to higher R&D investments in the quarter.
Operating expenses for the quarter included:
- R&D expenses of NT$36,923 million (24.6% of revenue), increased from NT$35,782 million in the previous quarter and NT$30,833 million in the year-ago quarter.
- Selling expenses of NT$4,944 million (3.3% of revenue), decreased from NT$4,990 million in the previous quarter and increased from NT$3,401 million in the year-ago quarter.
- Administration expenses of NT$2,632 million (1.8% of revenue), decreased from NT$2,985 million in the previous quarter and NT$2,947 million in the year-ago quarter.
Consolidated Operating Income and Operating Margin Operating income for the quarter was NT$29,379 million, down 2.2% sequentially and up 17.7% year-over-year. Operating margin for the quarter was 19.5%, slightly down from 19.6% in the previous quarter and 19.6% in the year-ago quarter.
Consolidated Non-operating Income (loss) and Income Tax
Non-operating income for the quarter was NT$3,849 million, or 2.6% of revenue, mainly from interest income and dividend income. Income tax expense for the quarter was NT$5,163 million.
Consolidated Net Income, Net Profit Margin and EPS
Net income for the quarter was NT$28,064 million, down 5.0% sequentially and up 8.1% year-over-year. Net profit margin for the quarter was 18.7%, down from 19.3% in the previous quarter and 20.4% in the year-ago quarter. EPS was NT$17.50, down from NT$18.43 in the previous quarter and up from NT$16.19 in the year-ago quarter. The quarter-over-quarter decreases in net income, net profit margin and EPS were mainly due to reduced revenue resulting from an unfavorable foreign exchange rate. The year-over-year increases in net income and EPS were mainly due to a higher revenue in the quarter.
Consolidated Cash and Financial Assets-Current
Cash and financial assets-current at the end of the quarter was NT$196,735 million. This represents 29.4% of the company's total assets. Cash and financial assets-current was NT$210,445 million and NT$208,674 million at the end of previous quarter and the year-ago quarter, respectively. Financial assets-current portfolio includes mutual funds, bonds, derivatives and so on.
Consolidated Accounts Receivable
Accounts receivable (net) at the end of the quarter was NT$69,733 million. The accounts receivable turnover was 45 days based on quarterly average net receivables divided by annualized net revenue. The turnover was higher than 37 days in the previous quarter and 36 days the year-ago quarter.
Consolidated Inventory
Net inventory at the end of the quarter was NT$55,482 million. The inventory turnover was 66 days based on quarterly average inventory divided by annualized cost of goods sold. The turnover was higher than 65 days in the previous quarter and lower than 72 days in the year-ago quarter.
Consolidated Cash Flow from Operations
Net cash provided by operating activities during the quarter was NT$45,669 million, compared with NT$13,423 million in the previous quarter and NT$49,940 million in the year-ago quarter.
Please refer to the link for financial tables.
Earnings Webcast
MediaTek will hold a public webcast today (July 30). Materials for the conference call will be published 30 minutes prior to the call and an audio replay will be available in one hour after the call at the investors section of MediaTek's website.
https://corp.mediatek.com/investor-relations/financial-information/quarterly-earnings
Schedule:
Date: Wednesday, July 30, 2025
Time: 3:00 - 4:00 p.m. (Taiwan Time)
Language: English
Webcast Links:
https://webpage-ott2b.cdn.hinet.net/webpage/live?contentProvider=mediatek
Investors who want to raise questions may use the toll number below.
Dial-in Number: +852-21121444 / +886-2-33961191
Password: 3206530#
About MediaTek Inc.
MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables nearly 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit https://www.mediatek.com for more information.