ChipMOS Q2 Revenue Surge 28%, Notes Margin Expansion

ChipMOS TECHNOLOGIES Inc IMOS reported second-quarter FY21 revenue growth of 28.6% year-on-year to $250.2 million.
Strength across key markets and a higher ASP drove the numbers.
Margin: The gross margin expanded 750 bps to 28.2%.
Earnings per basic ADS was $1.26, versus $0.54 last year.
The company generated $63.3 million in free cash flow in the six months ended Jun. 30.
It held $193.5 million in cash and equivalents.
Dividend: The shareholder approved a cash dividend of $1.58 per ADS.
Additionally, ChipMOS reported revenue growth of 28.2% Y/Y to $86.5 million for July. The company's assembly and DDIC high-end test platforms remain at high utilization levels, with continued strong demand driving the monthly revenue across its businesses.
Price action: IMOS shares closed lower by 1.3% at $39.57 on Monday.

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