The strong Q2 beat and bullish 2H26 guidance driven by Memory demand suggest upward earnings revisions. Traders should watch for continued momentum in DRAM and DDIC segments, and monitor the company's ability to sustain margin expansion above 18%. The cash dividend from capital surplus (NT$1.23/share) provides a modest yield support.
Price Chart
Executive Summary
ChipMOS reported record quarterly revenue since 2014 for Q2 2026, with revenue of NT$7,383.1M (US$231.8M), up 28.7% YoY and 6.5% QoQ. Gross margin expanded to 18% from 6.6% a year ago, and the company swung to a net profit of NT$891.7M (US$28.0M) from a net loss of NT$533.1M in Q2 2025. Management expects better 2H26 than 1H26 led by Memory demand, with visibility extending through 2026. The strong operational turnaround and bullish outlook are significant positives for the stock.
Key Facts
- Q2 2026 revenue of NT$7,383.1M (US$231.8M), a 28.7% YoY increase and a record high since 2014.
- Gross margin expanded to 18% in Q2 2026, compared to 6.6% in Q2 2025.
- Net profit of NT$891.7M (US$28.0M) in Q2 2026, vs a net loss of NT$533.1M in Q2 2025.
- Net earnings of US$0.80 per basic ADS in Q2 2026, compared to a net loss of US$0.47 per basic ADS in Q2 2025.
- Cash and cash equivalents of NT$12,552.3M (US$394.1M) as of June 30, 2026.
- Management expects better 2H26 than 1H26, led by Memory demand, with visibility extending through 2026.
Financial Impact
Revenue up 28.7% YoY to US$231.8M; net profit swing of US$44.7M YoY (from -US$16.7M to +US$28.0M)
Risk Factors
- Semiconductor cycle downturn or demand normalization in 2H26.
- Foreign exchange volatility (NTD/USD) impacting reported earnings.
- Execution risk on monetizing lower utilization assets and silicon photonics expansion.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-343297 |
| Document: imos-ex99_1.htm | 0001193125-26-343297 |
| Document: imos-ex99_2.htm | 0001193125-26-343297 |
| Document: 0001193125-26-343297-index-headers.html | 0001193125-26-343297 |
| Document: 0001193125-26-343297-index.html | 0001193125-26-343297 |
| Document: 0001193125-26-343297.txt | 0001193125-26-343297 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 6-K | $62.34 | awaiting T+60 | — | $60.44 (−3.05%) |
Oct 8, 2026 19d ago | 6-K | $75.50 | awaiting T+60 | — | $60.44 (−19.95%) |
Sep 29, 2026 28d ago | 6-K | $67.76 | awaiting T+60 | — | $60.44 (−10.80%) |
Sep 10, 2026 6w ago | 6-K | $55.99 | awaiting T+60 | — | $60.44 (+7.95%) |
Sep 10, 2026 6w ago | 6-K | $55.99 | awaiting T+60 | — | $60.44 (+7.95%) |
Aug 11, 2026 11w ago | 6-K | $59.28 | awaiting T+60 | — | $60.44 (+1.96%) |
Aug 11, 2026 11w ago | 6-K | $59.28 | awaiting T+60 | — | $60.44 (+1.96%) |
Aug 10, 2026 11w ago | 6-K | $53.05 | awaiting T+60 | — | $60.44 (+13.93%) |
Jul 20, 2026 14w ago | 6-K | $63.08 $72.24 | ▲ +14.52% | ▲ +9.68% | $60.44 (−4.19%) |
Jul 10, 2026 15w ago | 6-K | $75.79 $77.41 | ▲ +2.14% | ▼ −0.50% | $60.44 (−20.25%) |
US Market Status
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