MediaTek: revenue for the fourth quarter is expected to be NT $108 billion-119.4 billion, down 7% from a year earlier by 16%.

CTOnews.com, October 29, according to Taiwan's Central News Agency, MediaTek's revenue outlook for the fourth quarter is relatively conservative. Quarterly revenue is expected to be about 108 billion New Taiwan dollars (about 24.408 billion yuan) to 119.4 billion New Taiwan dollars (about 26.984 billion yuan), a month-on-month decrease of 16 percent, a year-on-year decrease of 7 percent, and a gross profit margin of about 47 percent. 50%.

Cai Lixing, CEO of MediaTek, said that even if the channel and customer inventory are now close to normal levels, while the future demand outlook is still uncertain, many customers are still very careful to control inventory and reduce orders for components in the fourth quarter.

In addition, Cai Lixing pointed out that 4G, WiFi and TV products will decline significantly, while TVs will continue to be affected by inventory adjustments. Revenue in 2022 will be lower than originally expected, but full-year revenue and profits will still hit record highs.

CTOnews.com learned that MediaTek had expected revenue to grow by 20% in 2022, but the last law said it would reduce the growth to 17%. 19%. Cai Lixing said he had observed that customers with earlier significant inventory management had regained some of their pull momentum in the fourth quarter and expected to see more demand for restocking in the first half of 2023.

According to the financial report, MediaTek's consolidated revenue in the third quarter was 142.161 billion New Taiwan dollars (about 32.128 billion yuan), a decrease of 8.7 percent from a month earlier and an increase of 8.4 percent over the same period last year. The cumulative performance in the first three quarters was 440.601 billion New Taiwan dollars (about 99.576 billion yuan), an increase of 20.7 percent over the same period last year.