Adata Technology saw its net profit surge 267% sequentially to NT$423 million (US$13.9 million) in the third quarter, while Phison Electronics' net profit climbed to a record high of NT$1.63 billion.
Memory module maker Adata reported consolidated revenues increased 16.5% sequentially to NT$6.49 billion in the third quarter, while gross margin climbed 7.73pp on quarter to 16.22%.
Adata's net profit for the first three quarters of 2019 totaled NT$696 million, rising 221% from a year earlier. EPS for the nine-month period came to NT$3.19.
Flash device controller specialist Phison's consolidated revenues surged 27% sequentially to NT$12.39 billion in the third quarter, thanks to robust shipments for SSDs and embedded memory devices. Revenues for the quarter were also a historic high.
Phison's EPS for the third quarter arrived at NT$8.28, with EPS for the first three quarters of 2019 reaching NT$16.71.
Adata and Phison also disclosed October consolidated revenues registered sequential increases of nearly 2% and 15.7%, respectively. Adata's cumulative 2019 revenues through October decreased 23.8% from a year earlier to NT$20.59 billion, while revenues at Phison grew 5.7% on year to NT$36.22 billion.
Adata expressed previously optimism about its sales performance in the fourth quarter of 2019, citing more stability in memory chip prices and a gradual pick-up in demand for datacenter applications.
Phison is expected to enjoy another quarter of record-high sales and profits in the fourth quarter, thanks to NAND flash price stability as well as brisk shipments for SSDs and eMMC devices, according to market watchers.
