Core Viewpoint - The company is expected to report Q4 2025 revenue between $636 million and $720 million, representing a year-over-year growth of 17.9% to 33.6% [1][9] - The net profit forecast for Q4 2025 is between -$70 million and $72 million, with a year-over-year change of -177.8% to 384.0% [1][9] - Adjusted net profit is projected to be between -$70 million and $64 million [1][9] Revenue and Profit Forecast - The average revenue forecast from various institutions is $666 million, with a year-over-year growth of 23.5% [2][11] - The median revenue forecast is $658 million, with a year-over-year growth of 22.1% [2][11] - The average net profit forecast is $0.36 million, with a year-over-year increase of 243.7% [2][11] Q3 2025 Performance Insights - In Q3 2025, the company reported revenue of $635 million, a quarter-over-quarter increase of 12.2% and a year-over-year increase of 20.7% [3][12] - The net profit for Q3 2025 was $26 million, showing a quarter-over-quarter increase of 223.5% but a year-over-year decrease of 42.6% [3][12] - The gross margin for Q3 2025 was 13.5%, exceeding expectations due to improved average selling price (ASP) and increased capacity utilization [3][12] Business Segment Performance - Revenue from 55nm NOR Flash and MCU production increased by 106.6% and 20.4% year-over-year, respectively [4][12] - Revenue from power management chips grew by 32.8% year-over-year, driven by strong demand in the AI sector [5][13] - The release of Fab 9A's capacity is expected to further expand the company's revenue scale [6][13] Future Growth Projections - The company anticipates revenues of $2.4 billion, $3.03 billion, and $3.35 billion for the years 2025, 2026, and 2027, respectively [3][12] - The acquisition of Huazhi Micro is expected to add approximately $600 million to $700 million in annual revenue, improving profitability [7][12]
华虹半导体：晶圆量价齐升，预测Q4一致预期营收6.36~7.20亿美元，同比增长17.9%~33.6%