ASUSTeK Computer Inc. (ASUUY) Q3 2024 Earnings Call Transcript

ASUSTeK Computer Inc. (OTCPK:ASUUY) Q3 2024 Earnings Conference Call November 8, 2024 3:00 AM ET

Company Participants

S.Y. Hsu – Co-CEO
Samson Hu – Co-CEO
Nick Wu – CFO

Conference Call Participants

Operator

Hello, welcome to the ASUS Quarter 3 2024 Online Investor Conference. Today’s conference will be held by ASUSTeK Computer, Co-CEO, S.Y. Hsu; and Samson Hu; alongside CFO, Nick Wu. The conference will be divided into two parts.

In the first part, CFO, Nick Wu will start by outlining our quarter three financial results. Next, our two Co-CEOs will go over our operational strategies and business outlooks for ASUS.

For the second part, we will be conducting a Q&A session. You are welcome to raise any questions you might have in the panel on the left side of the webpage, questions will be collected and answered.

Let us start with the presentation from CFO, Mr. Nick Wu.

Nick Wu

Good afternoon, everyone.

Please allow the team to make sure that the slide numbers in the materials will distributed or consistent with the ones that I have. Please allow us a moment to make sure that the page numbers are aligned. Okay.

Then please turn to Slide number 5. Here we have an overview of ASUS brand income statement for quarter three 2024, revenue in quarter three reached TWD156.7 billion, a quarter-over-quarter increase of 15% and year-over-year increase of 24%.

Operating profit came in at TWD11.1 billion, up 4% from the previous quarter and 32% from last year.

Net income after tax was TWD12.5 billion, representing a quarterly growth of 6% and an annual growth of 13%.

Earnings per share for the third quarter were TWD16.8, gross margin was 17.1% and the operating margin was 7.1%. This is a significant excellent performance. We have significantly outperformed our earlier forecast on both operational and