Wistron (3231) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 reached NT$346.5 billion, up 45% year-over-year, with net income attributable to owners at NT$5.33 billion, a 51% increase from Q1 2023.

• Gross margin improved to 8% from 7% year-over-year, and operating income more than doubled to NT$15.15 billion.

• Basic EPS for Q1 2024 was NT$1.85, up from NT$1.24 in Q1 2023.

Financial highlights

• Operating income for Q1 2024 was NT$15.15 billion, up 115% year-over-year.

• Net income attributable to owners was NT$5.33 billion, with total net income at NT$11.17 billion, both showing strong growth.

• EBITDA for Q1 2024 was NT$17.66 billion, up from NT$10.67 billion in Q1 2023.

• Cash and cash equivalents at quarter-end were NT$76.7 billion, up from NT$65.8 billion a year ago.

• Total assets increased to NT$684.9 billion, with equity attributable to owners at NT$139.3 billion.

Outlook and guidance

• Management expects continued growth in core business segments, supported by robust demand in server, cloud, and AI-related products.

• No significant seasonality or cyclical factors are expected to impact operations.