MediaTek (2454-TW) today (29) held a law meeting, CEO Cai Lixing admitted that due to the increase in the uncertainty of the overall market demand, the revenue in the third quarter was estimated to be lower than the previous quarter, and because the inventory adjustment will continue for the next 2-3 quarters, therefore It also lowered the annual revenue growth rate for the year from 20% to 17-19%.
MediaTek estimates, in USDNew Taiwan DollarCalculated at an exchange rate of 1 to 29.5 yuan, the revenue is about 141.7-154.2 billion yuan, a quarterly decrease of 1-9% and an annual increase of 8-18%. %, the operating expense ratio is about 24-28%.
For the whole year, Cai Lixing believes that with its diversified product portfolio and leading industry position, MediaTek can still stably respond to short-term market challenges. The annual revenue growth rate has been reduced to 17-19%, and the gross profit margin target is maintained at 48-50%.
Cai Lixing believes that although the semiconductor industry is facing short-term changes in demand, MediaTek will benefit from the accelerated digital transformation in the medium and long term, and the company is a market leader. expansion, the overall growth trend remains unchanged.