Asustek Computer expects consolidated revenues of NT$95-100 billion (US$2.93-3.08 billion) for the second quarter of 2016, decreasing 9-14% on quarter, the company said at a May 11 investors conference.
Second-quarter revenues from PCs will slip 10-15% on quarter but grow up to 5% on year, smartphone and tablet and other mobile device revenues will grow up to 5% on quarter but drop 10-15% on year, and motherboards, graphics cards and components will slip 5-10% on quarter but rise up to 5% on year, Asustek said.
Asustek forecast gross margin of 12.5-13.5% and net operating margin of 4.0-4.5% for the second quarter.
Of first-quarter consolidated revenues of NT$110.05 billion, 66% came from PCs, 17% from smartphones, tablets and other mobile devices, 14% from motherboards, graphics cards and components, and 3% from IoT (Internet of Things) devices, Asustek indicated. Asia accounted for 48% of consolidated revenues, Europe 35% and North and Latin America 17%.
| Asustek Computer: Financial report, 1Q16 (NT$b) | |||
| Item | Amount | Q/Q | Y/Y |
| Consolidated revenues | 110.050 | (11.24%) | 7.70% |
| Gross margin | 13.06% | down 0.48pp | down 0.12pp |
| Net operating profit | 4.697 | (15.78%) | (0.51%) |
| Net profit | 4.161 | (8.34%) | 13.07% |
| Net EPS (NT$) | 5.60 |
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Source: Company, compiled by Digitimes, May 2016
Article translated by Adam Hwang
