Micro-Star International Company (2377) Q2 2024 earnings summary

Executive summary

• Sales revenue for the six months ended June 30, 2024 was NT$94.3 billion, up 11% year-over-year, with net income of NT$4.6 billion, a 4% increase from the prior year period.

• Gross margin remained stable at 13%, and operating profit reached NT$4.4 billion, up from NT$5.2 billion in the prior year.

• The company operates as a single segment focused on computers and peripherals, with the Board of Directors as the chief decision-maker.

Financial highlights

• Net income for the six months ended June 30, 2024 was NT$4.6 billion, compared to NT$4.4 billion in the same period last year.

• Basic EPS for the six months was NT$5.44, up from NT$5.26 year-over-year.

• Cash and cash equivalents at June 30, 2024 were NT$18.3 billion, down from NT$25.8 billion at year-end 2023.

• Total assets increased to NT$102.6 billion from NT$93.7 billion a year ago.

• Operating cash flow for the six months was negative NT$3.6 billion, compared to positive NT$1.4 billion in the prior year period.

Outlook and guidance

• The company expects no significant impact from newly adopted or upcoming IFRS standards.

• No material events or disasters occurred after the balance sheet date that would affect future operations.