ADATA Technology Reports Q2 2023 Financial Results

ADATA Technology announced financial results for the second quarter of 2023.

For more information visit: www.adata.com


Unedited press release follows:

ADATA Announces Q2 2023 Financial Results and Monthly Sales Report of July 2023

Taipei, Taiwan, R.O.C. – August 8th, 2023 – ADATA today reported its financial results for the second quarter of 2023. Thanks to stability of DRAM spot prices, the company’s gross margin rose by 4 percentage points to 15.46% for the quarter. Operating profits were NT$142 million, an increase of 239.69% compared with the previous quarter. Net income of NT$284 million and net income attributable to shareholders of the parent of NT$267 million grew by 4 times and 10 times quarter-over-quarter, respectively. Based on 263 million outstanding shares, earnings per share came to NT$1.02.

For the first half of 2023, ADATA’s consolidated revenue totaled NT$14.06 billion and gross margin was 13.44%. Operating profits were NT$183 million and net income was NT$341 million. Net income attributable to shareholders of the parent came to NT$291 million and EPS was NT$1.11.

The company’s consolidated sales for July 2023 were NT$2.28 billion. Accumulated consolidated sales from January through July were NT$16.35 billion, a 22.64% decrease compared to the same period for 2022.

ADATA 2023/Q2 Consolidated Financial Summary

Item (in millions of NT$)2023/Q22023/Q1QoQ%2022/Q2YoY%
Revenue6,8487,211(5.03)8,749(21.72)
Gross profit1,05883127.3294412.07
Operating profit14242239.69158(10.31)
Income before tax37088321.65(7)
Net income28457398.89141873.42
Net income attributable to shareholders of the parent26724989.0637629.21
Basic EPS (in dollars)1.020.090.14

ADATA July Sales Report (Consolidated)                            (Unit: NT$ million)

PeriodJuly-23M-O-M (%)Y-O-Y (%)
Net sales2,278(0.21)(14.56)

Sales by Product for July 2023:

DRAM41.14%
SSD36.54%
Others22.32%

*Year 2023 figures have not be audited.