MediaTek expects second-quarter revenue growth of 12%-20% | still below market expectations

According to the first quarter results announced by MediaTek last month, the company’s revenue in the Q1 quarter was NT$49.65 billion, down 17.8% from the previous quarter and down 11.5% year-on-year. MediaTek said the decline was due to seasonal factors and Demand for smartphones is weak.

MediaTek forecasted the Q2 quarter. MediaTek expects its Helio P60 series SoC chips to become the main growth driver for Q2. It is expected that chip shipments will rebound to 90 million to 100 million units in Q1 this quarter. The volume is only 75-85 million.

It is estimated that the revenue will be maintained at NT$55-566.6 billion, which is approximately US$18.82 billion. The overall revenue will increase by 12%-20%, and the gross profit margin will be 36.5%-39.5%. However, even if the market picks up, In Q2, MediaTek’s revenue was still lower than the market observer’s estimate of more than 20%.