ChipMOS Reports Q2 Revenue Of $174.8M, Down 20.5% From Prior Year
Portfolio Pulse from Benzinga Newsdesk
ChipMOS reported Q2 2023 revenue of $174.8M, an increase of 18.2% from Q1 2023 but a decrease of 20.5% from Q2 2022. June 2023 revenue was $57.4M, down 2.5% from May 2023 and 15.3% from June 2022.
July 10, 2023 | 10:04 am
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NEGATIVE IMPACT
ChipMOS's Q2 2023 revenue increased from Q1 but decreased YoY. June revenue also decreased both MoM and YoY.
The YoY decrease in revenue for both Q2 and June indicates a negative trend for ChipMOS, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100